Filing Flows › Magnite (MGNI) › Q2 2026 › vs Q1 2026
Magnite (MGNI) Q2 2026 vs Q1 2026 (quarter over quarter)
Magnite's revenue rose $28.5M (+17%) from $164M in Q1 2026 to $193M in Q2 2026. Operating margin 16.2% against 4.7% (+11.5 pts).
Magnite, Q2 2026: revenue $193M (+11% year over year), operating margin 16.2%, net earnings $19.4M, operating cash flow $187M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 16.2% | 4.7% | +11.5 pts |
| Net margin | 10.0% | 2.7% | +7.4 pts |
| Free cash flow margin | 90.5% | -79.2% | +169.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $193M | $164M | $28.5M | +17% |
| Operating profit | $31.2M | $7.7M | $23.5M | +304% |
| Costs & expenses | $162M | $157M | $4.9M | +3% |
| Pre-tax earnings | $25.5M | $3.7M | $21.8M | +585% |
| Other expense, net | $5.7M | $4.0M | $1.7M | +42% |
| Cost of revenue | $62.0M | $60.4M | $1.6M | +3% |
| Research & development | $24.1M | $25.2M | −$1.0M | -4% |
| Sales & marketing | $47.0M | $46.1M | $912K | +2% |
| General & admin | $28.4M | $25.0M | $3.4M | +14% |
| Net earnings | $19.4M | $4.4M | $15.0M | +339% |
| Income tax | $6.2M | −$681K | $6.9M | — |
| Depreciation & amortization | $14.6M | $14.4M | $188K | +1% |
| Share-based compensation | $19.6M | $19.7M | −$59K | -0.3% |
| Working capital & other | $133M | −$159M | $292M | — |
| Operating cash flow | $187M | −$121M | $307M | — |
| Free cash flow (OCF − capex) | $174M | −$130M | $305M | — |
| Capital expenditures | $12.1M | $9.4M | $2.7M | +29% |
Questions
How much did Magnite's revenue grow quarter over quarter in Q2 2026?
Magnite's revenue rose $28.5M (+17%) from $164M in Q1 2026 to $193M in Q2 2026. Operating margin 16.2% against 4.7% (+11.5 pts).