Filing Flows › Gogo (GOGO) › Q2 2026 › vs Q1 2026
Gogo (GOGO) Q2 2026 vs Q1 2026 (quarter over quarter)
Gogo's revenue fell $3.5M (-2%) from $226M in Q1 2026 to $223M in Q2 2026. The biggest changes: Equipment −$7.0M (-18%); Service +$3.5M (+2%).
Gogo, Q2 2026: revenue $223M (-1% year over year), operating margin 13.3%, net loss $2.0M, operating cash flow $32.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 10.2% | -14.6% | +24.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Service | $191M | $188M | $3.5M | +2% |
| Equipment | $31.5M | $38.6M | −$7.0M | -18% |
| Revenue | $223M | $226M | −$3.5M | -2% |
| Net loss | $2.0M | −$13.1M | $15.1M | — |
| Costs & expenses | $225M | $226M | −$1.5M | -0.7% |
| Operating costs | $193M | $195M | −$1.5M | -0.8% |
| Interest & other, net | $22.9M | $10.7M | $12.2M | +115% |
| Income tax | $8.8M | $7.9M | $831K | +10% |
| Research & development | $9.7M | $6.5M | $3.2M | +49% |
| Sales & marketing | $13.3M | $13.5M | −$205K | -2% |
| General & admin | $24.0M | $26.2M | −$2.2M | -8% |
| Other operating costs | $146M | $148M | −$2.2M | -2% |
| Operating cash sources | $34.3M | −$20.3M | $54.6M | — |
| Depreciation & amortization | $17.0M | $15.1M | $1.9M | +12% |
| Share-based compensation | $5.2M | $4.8M | $402K | +8% |
| Working capital & other | $12.1M | −$40.3M | $52.4M | — |
| Net loss absorbed | $2.0M | −$13.1M | $15.1M | — |
| Operating cash flow | $32.3M | −$7.2M | $39.5M | — |
| Free cash flow (OCF − capex) | $22.7M | −$33.0M | $55.7M | — |
| Capital expenditures | $9.6M | $25.7M | −$16.2M | -63% |
Questions
How much did Gogo's revenue grow quarter over quarter in Q2 2026?
Gogo's revenue fell $3.5M (-2%) from $226M in Q1 2026 to $223M in Q2 2026.
What drove Gogo's revenue change in Q2 2026?
Equipment −$7.0M (-18%); Service +$3.5M (+2%).