Filing Flows › Roku (ROKU) › Q3 2026 › vs Q2 2026
Roku (ROKU) Q3 2026 vs Q2 2026 (quarter over quarter)
Roku's revenue rose $147M (+11%) from $1.4B in Q2 2026 to $1.5B in Q3 2026. The biggest changes: Platform +$87.4M (+7%); Devices +$60.0M (+45%). Gross margin 43.2% against 49.7% (-6.6 pts).
Roku, Q3 2026: revenue $1.5B (+24% year over year), operating margin 10.9%, net earnings $183M, operating cash flow $219M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 43.2% | 49.7% | -6.6 pts |
| Operating margin | 10.9% | 10.8% | +0.1 pts |
| Net margin | 12.2% | 12.1% | +0.1 pts |
| Free cash flow margin | 14.5% | 20.7% | -6.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Advertising | $727M | $673M | $54.6M | +8% |
| Subscriptions | $581M | $548M | $32.8M | +6% |
| Platform | $1.3B | $1.2B | $87.4M | +7% |
| Devices | $194M | $134M | $60.0M | +45% |
| Revenue | $1.5B | $1.4B | $147M | +11% |
| Gross profit | $649M | $674M | −$25.2M | -4% |
| Cost of revenue | $853M | $681M | $173M | +25% |
| Other income, net | $23.3M | $23.2M | $58K | +0.2% |
| Operating profit | $164M | $146M | $17.9M | +12% |
| Operating expenses | $484M | $528M | −$43.1M | -8% |
| Pre-tax earnings | $187M | $169M | $18.0M | +11% |
| Research & development | $187M | $180M | $7.2M | +4% |
| Sales & marketing | $191M | $223M | −$32.3M | -14% |
| General & admin | $107M | $125M | −$17.9M | -14% |
| Net earnings | $183M | $164M | $19.1M | +12% |
| Income tax | $4.0M | $5.2M | −$1.2M | -22% |
| Depreciation & amortization | $10.7M | $10.4M | $300K | +3% |
| Share-based compensation | $79.3M | $75.3M | $4.0M | +5% |
| Working capital & other | $53.9M | −$34.7M | $88.6M | — |
| Operating cash flow | $219M | $285M | −$65.2M | -23% |
| Free cash flow (OCF − capex) | $218M | $281M | −$62.9M | -22% |
| Capital expenditures | $1.4M | $3.8M | −$2.4M | -62% |
Questions
How much did Roku's revenue grow quarter over quarter in Q3 2026?
Roku's revenue rose $147M (+11%) from $1.4B in Q2 2026 to $1.5B in Q3 2026.
What drove Roku's revenue change in Q3 2026?
Platform +$87.4M (+7%); Devices +$60.0M (+45%).