Filing Flows

Filing Flows › National Vision Holdings (EYE) › Q2 2026 › vs Q1 2026

National Vision Holdings (EYE) Q2 2026 vs Q1 2026 (quarter over quarter)

National Vision Holdings's revenue fell $45.1M (-8%) from $544M in Q1 2026 to $499M in Q2 2026. The biggest changes: Products −$36.4M (-8%); Services and plans −$8.7M (-8%). Operating margin 4.3% against 8.3% (-4.0 pts).

National Vision Holdings, Q2 2026: revenue $499M (+2% year over year), operating margin 4.3%, net earnings $12.4M, operating cash flow $8.1M. The chart draws each line against Q1 2026, the increases inside each band.

National Vision Holdings: what changed, Q2 2026 vs Q1 2026National Vision Holdings: what changed, Q2 2026 vs Q1 2026Negative free cash flow (OCF …$58.2MOperating cash flow−$53.6MProducts−$36.4MWorking capital & other$34.0MPre-tax earnings−$24.4MOperating profit−$23.9MCosts & expenses−$21.1MOperating cash sources−$19.6MNet earnings−$18.8MSG&A−$12.7M

Margins

Q2 2026Q1 2026Change
Operating margin4.3%8.3%-4.0 pts
Net margin2.5%5.7%-3.2 pts

Every line

LineQ2 2026Q1 2026Change%
Products$403M$440M−$36.4M-8%
Services and plans$95.7M$104M−$8.7M-8%
Revenue$499M$544M−$45.1M-8%
Operating profit$21.3M$45.2M−$23.9M-53%
Costs & expenses$478M$499M−$21.1M-4%
Pre-tax earnings$18.0M$42.4M−$24.4M-58%
Other expense, net$3.3M$2.8M$489K+17%
Cost of revenue$208M$219M−$10.8M-5%
SG&A$243M$256M−$12.7M-5%
Other operating costs$25.7M$23.4M$2.3M+10%
Net earnings$12.4M$31.2M−$18.8M-60%
Income tax$5.5M$11.2M−$5.7M-50%
Operating cash sources$42.0M$61.6M−$19.6M-32%
Depreciation & amortization$23.2M$23.4M−$221K-0.9%
Share-based compensation$6.4M$7.0M−$656K-9%
Working capital & other$33.9M−$60K$34.0M—
Operating cash flow$8.1M$61.7M−$53.6M-87%
Capital expenditures$22.2M$17.6M$4.6M+26%
Negative free cash flow (OCF − capex)$14.1M−$44.1M$58.2M—

Questions

How much did National Vision Holdings's revenue grow quarter over quarter in Q2 2026?

National Vision Holdings's revenue fell $45.1M (-8%) from $544M in Q1 2026 to $499M in Q2 2026.

What drove National Vision Holdings's revenue change in Q2 2026?

Products −$36.4M (-8%); Services and plans −$8.7M (-8%).

Q2 2026 results → · Compare in the interactive Sankey →