Filing Flows › Qualys (QLYS) › Q2 2026 › vs Q1 2026
Qualys (QLYS) Q2 2026 vs Q1 2026 (quarter over quarter)
Qualys's revenue rose $6.5M (+4%) from $176M in Q1 2026 to $182M in Q2 2026. Gross margin 83.4% against 82.9% (+0.5 pts).
Qualys, Q2 2026: revenue $182M (+11% year over year), operating margin 34.0%, net earnings $52.4M, operating cash flow $59.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 83.4% | 82.9% | +0.5 pts |
| Operating margin | 34.0% | 34.7% | -0.7 pts |
| Net margin | 28.8% | 28.8% | -0.1 pts |
| Free cash flow margin | 30.7% | 53.3% | -22.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $182M | $176M | $6.5M | +4% |
| Gross profit | $152M | $146M | $6.3M | +4% |
| Cost of revenue | $30.2M | $30.0M | $254K | +0.8% |
| Other income, net | $5.2M | $4.1M | $1.1M | +26% |
| Operating profit | $61.9M | $60.9M | $1.0M | +2% |
| Operating expenses | $90.0M | $84.8M | $5.3M | +6% |
| Pre-tax earnings | $67.1M | $65.0M | $2.1M | +3% |
| Research & development | $30.7M | $29.0M | $1.7M | +6% |
| Sales & marketing | $41.0M | $38.8M | $2.3M | +6% |
| General & admin | $18.3M | $17.0M | $1.3M | +8% |
| Net earnings | $52.4M | $50.6M | $1.8M | +3% |
| Income tax | $14.7M | $14.3M | $311K | +2% |
| Depreciation & amortization | $3.1M | $3.0M | $19K | +0.6% |
| Share-based compensation | $18.8M | $19.3M | −$527K | -3% |
| Working capital & other | $14.7M | −$22.3M | $36.9M | — |
| Operating cash flow | $59.6M | $95.3M | −$35.7M | -37% |
| Free cash flow (OCF − capex) | $55.9M | $93.6M | −$37.7M | -40% |
| Capital expenditures | $3.7M | $1.7M | $2.0M | +122% |
Questions
How much did Qualys's revenue grow quarter over quarter in Q2 2026?
Qualys's revenue rose $6.5M (+4%) from $176M in Q1 2026 to $182M in Q2 2026. Gross margin 83.4% against 82.9% (+0.5 pts).