Filing Flows › Graphic Packaging Holding (GPK) › Q2 2026 › vs Q1 2026
Graphic Packaging Holding (GPK) Q2 2026 vs Q1 2026 (quarter over quarter)
Graphic Packaging Holding's revenue rose $32.0M (+1%) from $2.2B in Q1 2026 to $2.2B in Q2 2026. Operating margin 4.3% against 0.9% (+3.5 pts).
Graphic Packaging Holding, Q2 2026: revenue $2.2B (-0.7% year over year), operating margin 4.3%, net earnings $24.0M, operating cash flow $158M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 4.3% | 0.9% | +3.5 pts |
| Net margin | 1.1% | -2.0% | +3.1 pts |
| Free cash flow margin | 3.4% | -11.7% | +15.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $32.0M | +1% |
| Operating profit | $95.0M | $19.0M | $76.0M | +400% |
| Costs & expenses | $2.1B | $2.1B | −$44.0M | -2% |
| Pre-tax earnings | $26.0M | −$45.0M | $71.0M | — |
| Other expense, net | $69.0M | $64.0M | $5.0M | +8% |
| Cost of revenue | $1.9B | $1.9B | $46.0M | +2% |
| SG&A | $180M | $202M | −$22.0M | -11% |
| Other operating costs | $17.0M | $85.0M | −$68.0M | -80% |
| Net earnings | $24.0M | −$43.0M | $67.0M | — |
| Income tax | $2.0M | −$2.0M | $4.0M | — |
| Depreciation & amortization | $145M | $139M | $6.0M | +4% |
| Share-based compensation | $6.0M | $12.0M | −$6.0M | -50% |
| Working capital & other | $17.0M | $221M | −$204M | -92% |
| Operating cash flow | $158M | −$113M | $271M | — |
| Free cash flow (OCF − capex) | $75.0M | −$253M | $328M | — |
| Capital expenditures | $83.0M | $140M | −$57.0M | -41% |
Questions
How much did Graphic Packaging Holding's revenue grow quarter over quarter in Q2 2026?
Graphic Packaging Holding's revenue rose $32.0M (+1%) from $2.2B in Q1 2026 to $2.2B in Q2 2026. Operating margin 4.3% against 0.9% (+3.5 pts).