Filing Flows › LCI Industries (LCII) › Q2 2026 › vs Q1 2026
LCI Industries (LCII) Q2 2026 vs Q1 2026 (quarter over quarter)
LCI Industries's revenue fell $122M (-11%) from $1.1B in Q1 2026 to $969M in Q2 2026. The biggest changes: OEM Segment −$178M (-21%); Aftermarket Segment +$56.2M (+24%). Gross margin 31.1% against 25.1% (+6.0 pts).
LCI Industries, Q2 2026: revenue $969M (-12% year over year), operating margin 9.9%, net earnings $67.1M, operating cash flow $204M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 31.1% | 25.1% | +6.0 pts |
| Operating margin | 9.9% | 8.7% | +1.2 pts |
| Net margin | 6.9% | 5.8% | +1.2 pts |
| Free cash flow margin | 19.1% | -4.0% | +23.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Adjacent industries OEMs | $339M | $343M | −$4.3M | -1% |
| Travel trailers and fifth-wheels | $282M | $442M | −$160M | -36% |
| Motorhomes | $53.8M | $67.8M | −$14.1M | -21% |
| OEM Segment | $675M | $853M | −$178M | -21% |
| Aftermarket Segment | $294M | $238M | $56.2M | +24% |
| Revenue | $969M | $1.1B | −$122M | -11% |
| Gross profit | $301M | $274M | $27.5M | +10% |
| Cost of revenue | $668M | $817M | −$149M | -18% |
| Operating profit | $96.0M | $95.2M | $801K | +0.8% |
| Operating expenses | $205M | $179M | $26.7M | +15% |
| Pre-tax earnings | $90.2M | $85.2M | $4.9M | +6% |
| Other expense, net | $5.8M | $9.9M | −$4.1M | -42% |
| SG&A | $144M | $123M | $21.2M | +17% |
| Other operating costs | $61.3M | $55.9M | $5.5M | +10% |
| Net earnings | $67.1M | $62.9M | $4.2M | +7% |
| Income tax | $23.1M | $22.3M | $755K | +3% |
| Depreciation & amortization | $30.9M | $29.8M | $1.1M | +4% |
| Share-based compensation | $7.0M | $5.3M | $1.7M | +32% |
| Working capital & other | $98.7M | −$132M | $230M | — |
| Operating cash flow | $204M | −$33.5M | $237M | — |
| Free cash flow (OCF − capex) | $185M | −$43.1M | $228M | — |
| Capital expenditures | $18.8M | $9.7M | $9.1M | +94% |
Questions
How much did LCI Industries's revenue grow quarter over quarter in Q2 2026?
LCI Industries's revenue fell $122M (-11%) from $1.1B in Q1 2026 to $969M in Q2 2026.
What drove LCI Industries's revenue change in Q2 2026?
OEM Segment −$178M (-21%); Aftermarket Segment +$56.2M (+24%).