Filing Flows › Omnicell (OMCL) › Q2 2026 › vs Q1 2026
Omnicell (OMCL) Q2 2026 vs Q1 2026 (quarter over quarter)
Omnicell's revenue rose $2.3M (+0.8%) from $310M in Q1 2026 to $312M in Q2 2026. The biggest changes: Service revenues +$2.1M (+2%); Product revenues +$262K (+0.1%). Gross margin 49.0% against 45.3% (+3.7 pts).
Omnicell, Q2 2026: revenue $312M (+7% year over year), operating margin 10.4%, net earnings $24.3M, operating cash flow $68.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 49.0% | 45.3% | +3.7 pts |
| Operating margin | 10.4% | 5.4% | +5.0 pts |
| Net margin | 7.8% | 3.7% | +4.1 pts |
| Free cash flow margin | 19.0% | 13.6% | +5.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Connected devices, software licenses, and other | $149M | $149M | $565K | +0.4% |
| SaaS and Expert Services | $68.6M | $68.2M | $437K | +0.6% |
| Technical services | $68.6M | $66.9M | $1.6M | +2% |
| Consumables | $25.8M | $26.1M | −$303K | -1% |
| Product revenues | $175M | $175M | $262K | +0.1% |
| Service revenues | $137M | $135M | $2.1M | +2% |
| Revenue | $312M | $310M | $2.3M | +0.8% |
| Gross profit | $153M | $140M | $12.6M | +9% |
| Cost of revenue | $159M | $170M | −$10.2M | -6% |
| Other income, net | $1.4M | $51K | $1.3M | 27× |
| Operating profit | $32.4M | $16.9M | $15.6M | +93% |
| Operating expenses | $120M | $124M | −$3.0M | -2% |
| Pre-tax earnings | $33.8M | $16.9M | $16.9M | +100% |
| Research & development | $20.3M | $21.5M | −$1.2M | -6% |
| SG&A | $100M | $102M | −$1.8M | -2% |
| Net earnings | $24.3M | $11.4M | $12.9M | +114% |
| Income tax | $9.5M | $5.5M | $4.0M | +72% |
| Depreciation & amortization | $18.8M | $18.6M | $228K | +1% |
| Share-based compensation | $12.2M | $9.5M | $2.7M | +29% |
| Working capital & other | $13.0M | $15.1M | −$2.1M | -14% |
| Operating cash flow | $68.3M | $54.5M | $13.8M | +25% |
| Free cash flow (OCF − capex) | $59.4M | $42.1M | $17.3M | +41% |
| Capital expenditures | $8.9M | $12.4M | −$3.5M | -28% |
Questions
How much did Omnicell's revenue grow quarter over quarter in Q2 2026?
Omnicell's revenue rose $2.3M (+0.8%) from $310M in Q1 2026 to $312M in Q2 2026.
What drove Omnicell's revenue change in Q2 2026?
Service revenues +$2.1M (+2%); Product revenues +$262K (+0.1%).