Filing Flows › Mgic Investment (MTG) › Q2 2026 › vs Q1 2026
Mgic Investment (MTG) Q2 2026 vs Q1 2026 (quarter over quarter)
Mgic Investment's revenue fell $1.7M (-0.6%) from $297M in Q1 2026 to $295M in Q2 2026. Operating margin 77.8% against 69.6% (+8.2 pts).
Mgic Investment, Q2 2026: revenue $295M (-3% year over year), operating margin 77.8%, net earnings $182M, operating cash flow $185M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 77.8% | 69.6% | +8.2 pts |
| Net margin | 61.7% | 55.6% | +6.0 pts |
| Free cash flow margin | 62.5% | 25.8% | +36.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $295M | $297M | −$1.7M | -0.6% |
| Operating profit | $230M | $207M | $23.1M | +11% |
| Costs & expenses | $65.5M | $90.2M | −$24.8M | -27% |
| Pre-tax earnings | $230M | $207M | $23.1M | +11% |
| Net earnings | $182M | $165M | $16.8M | +10% |
| Income tax | $47.8M | $41.5M | $6.3M | +15% |
| Depreciation & amortization | $2.0M | $0 | $2.0M | — |
| Share-based compensation | $5.8M | $6.4M | −$606K | -9% |
| Working capital & other | $5.0M | $94.8M | −$89.9M | -95% |
| Operating cash flow | $185M | $76.9M | $108M | +141% |
| Free cash flow (OCF − capex) | $184M | $76.7M | $108M | +140% |
| Capital expenditures | $473K | $184K | $289K | +157% |
Questions
How much did Mgic Investment's revenue grow quarter over quarter in Q2 2026?
Mgic Investment's revenue fell $1.7M (-0.6%) from $297M in Q1 2026 to $295M in Q2 2026. Operating margin 77.8% against 69.6% (+8.2 pts).