Filing Flows › Quad/Graphics (QUAD) › Q2 2026
Quad/Graphics (QUAD) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Quad/Graphics (QUAD) reported revenue of $578M for the second quarter 2026 (Q2 2026), +1% from a year earlier and -0.6% from the quarter before. Operating margin was 2.6%, net earnings $3.7M (0.6% of revenue).
Quad/Graphics, Q2 2026: revenue $578M (+1% year over year), operating margin 2.6%, net earnings $3.7M, operating cash flow $52.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $578M | -0.6% | +1% |
| Operating profit | $14.9M | -16% | +9% |
| Net earnings | $3.7M | -40% | — |
| Operating cash flow | $52.8M | — | +11% |
| Free cash flow | $40.8M | — | +19% |
What changed
Revenue was $577.5M in Q2 2026, up 1% year over year and down 1% from the previous quarter. Catalog, publications, retail inserts and directories was the largest line at 49% of revenue. Direct mail and other printed products added $7.7M year over year (up 5%), 138% of the total change. Marketing services and medical services declined 6%.
Operating profit was $14.9M, a 2.6% margin (up 0.2 points year over year). Of the extra revenue versus Q2 2025, 21% reached operating profit, above the 2% margin then. Total costs grew 1% against revenue growth of 1%. Net earnings were $3.7M. The effective tax rate was 40.3%.
Operating cash flow was $52.8M (up 11% year over year), 1427% of net earnings. Non-cash charges added back $17.2M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $29.0M. Capital expenditures of $12.0M left free cash flow of $40.8M.
Questions
What was Quad/Graphics' revenue in the second quarter 2026?
Quad/Graphics (QUAD) reported revenue of $578M for the second quarter 2026 (Q2 2026), +1% from a year earlier and -0.6% from the quarter before.
Was Quad/Graphics profitable in the second quarter 2026?
Operating profit was $14.9M (2.6% of revenue) and net earnings $3.7M.
Source: Quad/Graphics 10-Q on SEC EDGAR.