Filing Flows › LKQ (LKQ) › Q2 2026 › vs Q1 2026
LKQ (LKQ) Q2 2026 vs Q1 2026 (quarter over quarter)
LKQ's revenue fell $61.0M (-2%) from $3.5B in Q1 2026 to $3.4B in Q2 2026. The biggest changes: Europe −$166M (-10%); Specialty +$79.0M (+19%); North America Segment +$26.0M (+2%). Gross margin 38.8% against 38.4% (+0.4 pts).
LKQ, Q2 2026: revenue $3.4B (-3% year over year), operating margin 6.6%, net earnings $136M, operating cash flow $111M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 38.8% | 38.4% | +0.4 pts |
| Operating margin | 6.6% | 6.3% | +0.3 pts |
| Net margin | 4.0% | 2.3% | +1.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| North America Segment | $1.5B | $1.4B | $26.0M | +2% |
| Europe | $1.5B | $1.6B | −$166M | -10% |
| Specialty | $488M | $409M | $79.0M | +19% |
| Revenue | $3.4B | $3.5B | −$61.0M | -2% |
| Gross profit | $1.3B | $1.3B | −$10.0M | -0.8% |
| Cost of revenue | $2.1B | $2.1B | −$51.0M | -2% |
| Operating profit | $225M | $217M | $8.0M | +4% |
| Operating expenses | $1.1B | $1.1B | −$18.0M | -2% |
| Pre-tax earnings | $184M | $123M | $61.0M | +50% |
| Other expense, net | $41.0M | $94.0M | −$53.0M | -56% |
| SG&A | $990M | $994M | −$4.0M | -0.4% |
| Other operating costs | $106M | $120M | −$14.0M | -12% |
| Net earnings | $136M | $79.0M | $57.0M | +72% |
| Income tax | $48.0M | $44.0M | $4.0M | +9% |
| Operating cash sources | $248M | $187M | $61.0M | +33% |
| Depreciation & amortization | $103M | $99.0M | $4.0M | +4% |
| Share-based compensation | $9.0M | $9.0M | $0 | 0% |
| Working capital & other | $137M | $243M | −$106M | -44% |
| Operating cash flow | $111M | −$56.0M | $167M | — |
Questions
How much did LKQ's revenue grow quarter over quarter in Q2 2026?
LKQ's revenue fell $61.0M (-2%) from $3.5B in Q1 2026 to $3.4B in Q2 2026.
What drove LKQ's revenue change in Q2 2026?
Europe −$166M (-10%); Specialty +$79.0M (+19%); North America Segment +$26.0M (+2%).