Filing Flows › Henry Schein (HSIC) › Q2 2026 › vs Q1 2026
Henry Schein (HSIC) Q2 2026 vs Q1 2026 (quarter over quarter)
Henry Schein's revenue rose $90.0M (+3%) from $3.4B in Q1 2026 to $3.5B in Q2 2026. The biggest changes: Global Distribution and Value-Added Services +$69.0M (+2%); Global Specialty Products +$13.0M (+4%); Global Technology +$8.0M (+5%). Gross margin 31.8% against 31.8% (+0.1 pts).
Henry Schein, Q2 2026: revenue $3.5B (+7% year over year), operating margin 4.9%, net earnings $94.0M, operating cash flow $242M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 31.8% | 31.8% | +0.1 pts |
| Operating margin | 4.9% | 5.4% | -0.5 pts |
| Net margin | 2.7% | 3.2% | -0.5 pts |
| Free cash flow margin | 6.1% | -3.6% | +9.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Global Distribution and Value-Added Services | $2.9B | $2.8B | $69.0M | +2% |
| Global Specialty Products | $372M | $359M | $13.0M | +4% |
| Global Technology | $181M | $173M | $8.0M | +5% |
| Revenue | $3.5B | $3.4B | $90.0M | +3% |
| Gross profit | $1.1B | $1.1B | $31.0M | +3% |
| Cost of revenue | $2.4B | $2.3B | $59.0M | +3% |
| Operating profit | $171M | $182M | −$11.0M | -6% |
| Operating expenses | $930M | $888M | $42.0M | +5% |
| Pre-tax earnings | $136M | $150M | −$14.0M | -9% |
| Other expense, net | $35.0M | $32.0M | $3.0M | +9% |
| SG&A | $831M | $809M | $22.0M | +3% |
| Other operating costs | $99.0M | $79.0M | $20.0M | +25% |
| Net earnings | $94.0M | $107M | −$13.0M | -12% |
| Minority interests | $8.0M | $5.0M | $3.0M | +60% |
| Income tax | $34.0M | $38.0M | −$4.0M | -11% |
| Depreciation & amortization | $84.0M | $81.0M | $3.0M | +4% |
| Share-based compensation | $13.0M | $3.0M | $10.0M | +333% |
| Working capital & other | $51.0M | −$288M | $339M | — |
| Operating cash flow | $242M | −$97.0M | $339M | — |
| Free cash flow (OCF − capex) | $212M | −$122M | $334M | — |
| Capital expenditures | $30.0M | $25.0M | $5.0M | +20% |
Questions
How much did Henry Schein's revenue grow quarter over quarter in Q2 2026?
Henry Schein's revenue rose $90.0M (+3%) from $3.4B in Q1 2026 to $3.5B in Q2 2026.
What drove Henry Schein's revenue change in Q2 2026?
Global Distribution and Value-Added Services +$69.0M (+2%); Global Specialty Products +$13.0M (+4%); Global Technology +$8.0M (+5%).