Filing Flows › Mgic Investment (MTG) › Q2 2026
Mgic Investment (MTG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Mgic Investment (MTG) reported revenue of $295M for the second quarter 2026 (Q2 2026), -3% from a year earlier and -0.6% from the quarter before. Operating margin was 77.8%, net earnings $182M (61.7% of revenue).
Mgic Investment, Q2 2026: revenue $295M (-3% year over year), operating margin 77.8%, net earnings $182M, operating cash flow $185M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $295M | -0.6% | -3% |
| Operating profit | $230M | +11% | -7% |
| Net earnings | $182M | +10% | -5% |
| Operating cash flow | $185M | +141% | +1% |
| Free cash flow | $184M | +140% | +0.8% |
What changed
Revenue was $295.4M in Q2 2026, down 3% year over year and down 1% from the previous quarter.
Operating profit was $229.9M, a 77.8% margin (down 3.0 points year over year). Total costs grew 13% against a revenue fall of 3%. Net earnings were $182.1M, down 5% year over year. The effective tax rate was 20.8%.
Operating cash flow was $185.0M (up 1% year over year), 102% of net earnings. Non-cash charges added back $2.0M of depreciation and amortization and $5.8M of share-based compensation. Capital expenditures of $473K left free cash flow of $184.5M.
Questions
What was Mgic Investment's revenue in the second quarter 2026?
Mgic Investment (MTG) reported revenue of $295M for the second quarter 2026 (Q2 2026), -3% from a year earlier and -0.6% from the quarter before.
Was Mgic Investment profitable in the second quarter 2026?
Operating profit was $230M (77.8% of revenue) and net earnings $182M.
Source: Mgic Investment 10-Q on SEC EDGAR.