Filing Flows › Spectrum Brands Holdings (SPB) › Q2 FY26 › vs Q1 FY26
Spectrum Brands Holdings (SPB) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Spectrum Brands Holdings's revenue rose $31.9M (+5%) from $677M in Q1 FY26 to $709M in Q2 FY26. The biggest changes: Product sales +$31.6M (+5%); Licensing +$300K (+8%); Service and other +$0 (0%). Gross margin 38.1% against 35.7% (+2.4 pts).
Spectrum Brands Holdings, Q2 FY26: revenue $709M (+5% year over year), operating margin 6.1%, net earnings $22.1M, operating cash flow $10.2M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 38.1% | 35.7% | +2.4 pts |
| Operating margin | 6.1% | 4.0% | +2.1 pts |
| Net margin | 3.1% | 4.2% | -1.1 pts |
| Free cash flow margin | 0.1% | 8.8% | -8.6 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Product sales | $704M | $672M | $31.6M | +5% |
| Licensing | $4.0M | $3.7M | $300K | +8% |
| Service and other | $900K | $900K | $0 | 0% |
| Revenue | $709M | $677M | $31.9M | +5% |
| Gross profit | $270M | $242M | $28.7M | +12% |
| Cost of revenue | $439M | $435M | $3.2M | +0.7% |
| Operating profit | $43.5M | $27.1M | $16.4M | +61% |
| Operating expenses | $227M | $214M | $12.3M | +6% |
| Pre-tax earnings | $36.4M | $19.5M | $16.9M | +87% |
| Other expense, net | $7.1M | $7.6M | −$500K | -7% |
| Net earnings | $22.1M | $28.4M | −$6.3M | -22% |
| Income tax | $14.3M | −$8.9M | $23.2M | — |
| Operating cash sources | $52.3M | $58.5M | −$6.2M | -11% |
| Depreciation & amortization | $24.2M | $25.8M | −$1.6M | -6% |
| Share-based compensation | $6.0M | $4.3M | $1.7M | +40% |
| Working capital & other | $42.1M | −$8.9M | $51.0M | — |
| Operating cash flow | $10.2M | $67.4M | −$57.2M | -85% |
| Free cash flow (OCF − capex) | $900K | $59.3M | −$58.4M | -98% |
| Capital expenditures | $9.3M | $8.1M | $1.2M | +15% |
Questions
How much did Spectrum Brands Holdings's revenue grow quarter over quarter in Q2 FY26?
Spectrum Brands Holdings's revenue rose $31.9M (+5%) from $677M in Q1 FY26 to $709M in Q2 FY26.
What drove Spectrum Brands Holdings's revenue change in Q2 FY26?
Product sales +$31.6M (+5%); Licensing +$300K (+8%); Service and other +$0 (0%).