Filing Flows › Magnite (MGNI) › Q2 2026
Magnite (MGNI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Magnite (MGNI) reported revenue of $193M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +17% from the quarter before. Operating margin was 16.2%, net earnings $19.4M (10.0% of revenue).
Magnite, Q2 2026: revenue $193M (+11% year over year), operating margin 16.2%, net earnings $19.4M, operating cash flow $187M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $193M | +17% | +11% |
| Operating profit | $31.2M | +304% | +42% |
| Net earnings | $19.4M | +339% | +74% |
| Operating cash flow | $187M | — | +907% |
| Free cash flow | $174M | — | 29× |
What changed
Revenue was $192.8M in Q2 2026, up 11% year over year and up 17% from the previous quarter.
Operating profit was $31.2M, a 16.2% margin (up 3.5 points year over year). Of the extra revenue versus Q2 2025, 48% reached operating profit, above the 13% margin then. Total costs grew 7% against revenue growth of 11%. The fastest-growing cost line was General & admin (+26%). Net earnings were $19.4M, up 74% year over year. The effective tax rate was 24.2%.
Operating cash flow was $186.6M (up 907% year over year), 964% of net earnings. Non-cash charges added back $14.6M of depreciation and amortization and $19.6M of share-based compensation. Working capital and other items added $133.1M. Capital expenditures of $12.1M left free cash flow of $174.5M.
Questions
What was Magnite's revenue in the second quarter 2026?
Magnite (MGNI) reported revenue of $193M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +17% from the quarter before.
Was Magnite profitable in the second quarter 2026?
Operating profit was $31.2M (16.2% of revenue) and net earnings $19.4M.
Source: Magnite 10-Q on SEC EDGAR.