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Organon (OGN) Q2 2026 vs Q1 2026 (quarter over quarter)

Organon's revenue rose $98.0M (+7%) from $1.5B in Q1 2026 to $1.6B in Q2 2026. Gross margin 54.4% against 53.6% (+0.7 pts).

Organon, Q2 2026: revenue $1.6B (-2% year over year), operating margin 11.7%, net earnings $108M, operating cash flow $107M. The chart draws each line against Q1 2026, the increases inside each band.

Organon: what changed, Q2 2026 vs Q1 2026Organon: what changed, Q2 2026 vs Q1 2026Free cash flow (OCF − capex)−$123MOperating cash flow−$118MOperating expenses$94.0MOther operating costs$87.0MWorking capital & other$81.0MGross profit$64.0MNet earnings−$38.0MCost of revenue$34.0MOperating profit−$30.0MPre-tax earnings−$30.0M

Margins

Q2 2026Q1 2026Change
Gross margin54.4%53.6%+0.7 pts
Operating margin11.7%14.6%-2.8 pts
Net margin6.9%10.0%-3.1 pts
Free cash flow margin4.2%12.9%-8.7 pts

Every line

LineQ2 2026Q1 2026Change%
Revenue$1.6B$1.5B$98.0M+7%
Gross profit$847M$783M$64.0M+8%
Cost of revenue$711M$677M$34.0M+5%
Operating profit$183M$213M−$30.0M-14%
Operating expenses$664M$570M$94.0M+16%
Pre-tax earnings$183M$213M−$30.0M-14%
Research & development$90.0M$93.0M−$3.0M-3%
SG&A$434M$424M$10.0M+2%
Other operating costs$140M$53.0M$87.0M+164%
Net earnings$108M$146M−$38.0M-26%
Income tax$75.0M$67.0M$8.0M+12%
Depreciation$34.0M$39.0M−$5.0M-13%
Share-based compensation$25.0M$19.0M$6.0M+32%
Working capital & other$60.0M−$21.0M$81.0M—
Operating cash flow$107M$225M−$118M-52%
Free cash flow (OCF − capex)$65.0M$188M−$123M-65%
Capital expenditures$42.0M$37.0M$5.0M+14%

Questions

How much did Organon's revenue grow quarter over quarter in Q2 2026?

Organon's revenue rose $98.0M (+7%) from $1.5B in Q1 2026 to $1.6B in Q2 2026. Gross margin 54.4% against 53.6% (+0.7 pts).

Q2 2026 results → · Compare in the interactive Sankey →