Filing Flows › Newell Brands (NWL) › Q2 2026 › vs Q1 2026
Newell Brands (NWL) Q2 2026 vs Q1 2026 (quarter over quarter)
Newell Brands's revenue rose $445M (+29%) from $1.5B in Q1 2026 to $2.0B in Q2 2026. The biggest changes: Learning and Development +$257M (+43%); Home and Commercial Solutions +$123M (+16%); Outdoor and Recreation +$65.0M (+37%). Gross margin 40.7% against 33.1% (+7.6 pts).
Newell Brands, Q2 2026: revenue $2.0B (+3% year over year), operating margin 14.2%, net earnings $106M, operating cash flow $29.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 40.7% | 33.1% | +7.6 pts |
| Operating margin | 14.2% | 2.2% | +12.0 pts |
| Net margin | 5.3% | -2.1% | +7.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Home and Commercial Solutions | $903M | $780M | $123M | +16% |
| Learning and Development | $851M | $594M | $257M | +43% |
| Outdoor and Recreation | $240M | $175M | $65.0M | +37% |
| Revenue | $2.0B | $1.5B | $445M | +29% |
| Gross profit | $812M | $513M | $299M | +58% |
| Cost of revenue | $1.2B | $1.0B | $146M | +14% |
| Operating profit | $283M | $34.0M | $249M | +732% |
| Operating expenses | $529M | $479M | $50.0M | +10% |
| Pre-tax earnings | $195M | −$61.0M | $256M | — |
| Other expense, net | $88.0M | $95.0M | −$7.0M | -7% |
| SG&A | $519M | $472M | $47.0M | +10% |
| Other operating costs | $10.0M | $7.0M | $3.0M | +43% |
| Net earnings | $106M | −$33.0M | $139M | — |
| Income tax | $89.0M | −$28.0M | $117M | — |
| Operating cash sources | $204M | $63.0M | $141M | +224% |
| Depreciation & amortization | $78.0M | $79.0M | −$1.0M | -1% |
| Share-based compensation | $20.0M | $17.0M | $3.0M | +18% |
| Working capital & other | $175M | $296M | −$121M | -41% |
| Operating cash flow | $29.0M | −$233M | $262M | — |
| Capital expenditures | $47.0M | $37.0M | $10.0M | +27% |
| Negative free cash flow (OCF − capex) | $18.0M | $270M | −$252M | -93% |
Questions
How much did Newell Brands's revenue grow quarter over quarter in Q2 2026?
Newell Brands's revenue rose $445M (+29%) from $1.5B in Q1 2026 to $2.0B in Q2 2026.
What drove Newell Brands's revenue change in Q2 2026?
Learning and Development +$257M (+43%); Home and Commercial Solutions +$123M (+16%); Outdoor and Recreation +$65.0M (+37%).