Filing Flows › HNI (HNI) › Q2 2026 › vs Q1 2026
HNI (HNI) Q2 2026 vs Q1 2026 (quarter over quarter)
HNI's revenue rose $125M (+9%) from $1.3B in Q1 2026 to $1.5B in Q2 2026. The biggest changes: Workplace furnishings +$138M (+12%); Residential building products −$13.4M (-8%). Gross margin 44.0% against 37.1% (+6.9 pts).
HNI, Q2 2026: revenue $1.5B (+121% year over year), operating margin 6.3%, net earnings $51.1M, operating cash flow $140M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 44.0% | 37.1% | +6.9 pts |
| Operating margin | 6.3% | -2.7% | +9.0 pts |
| Net margin | 3.5% | -2.9% | +6.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Workplace furnishings | $1.3B | $1.2B | $138M | +12% |
| Residential building products | $149M | $162M | −$13.4M | -8% |
| Revenue | $1.5B | $1.3B | $125M | +9% |
| Gross profit | $647M | $500M | $147M | +29% |
| Cost of revenue | $825M | $848M | −$22.4M | -3% |
| Operating profit | $92.1M | −$36.4M | $128M | — |
| Operating expenses | $555M | $536M | $18.8M | +4% |
| Pre-tax earnings | $71.2M | −$55.6M | $127M | — |
| Other expense, net | $20.9M | $19.2M | $1.7M | +9% |
| SG&A | $533M | $515M | $18.2M | +4% |
| Other operating costs | $22.1M | $21.5M | $600K | +3% |
| Net earnings | $51.1M | −$38.8M | $89.9M | — |
| Income tax | $20.1M | −$16.8M | $36.9M | — |
| Depreciation & amortization | $66.2M | $75.2M | −$9.0M | -12% |
| Share-based compensation | $9.6M | $18.1M | −$8.5M | -47% |
| Working capital & other | $12.9M | −$226M | $239M | — |
| Operating cash flow | $140M | −$172M | $312M | — |
Questions
How much did HNI's revenue grow quarter over quarter in Q2 2026?
HNI's revenue rose $125M (+9%) from $1.3B in Q1 2026 to $1.5B in Q2 2026.
What drove HNI's revenue change in Q2 2026?
Workplace furnishings +$138M (+12%); Residential building products −$13.4M (-8%).