Filing Flows › Teradata (TDC) › Q2 2026 › vs Q1 2026
Teradata (TDC) Q2 2026 vs Q1 2026 (quarter over quarter)
Teradata's revenue fell $34.0M (-8%) from $444M in Q1 2026 to $410M in Q2 2026. The biggest changes: Total recurring −$37.0M (-9%); Perpetual software licenses, hardware and other +$7.0M (+700%); Consulting services −$4.0M (-9%). Gross margin 59.3% against 62.2% (-2.9 pts).
Teradata, Q2 2026: revenue $410M (+0.5% year over year), operating margin 11.7%, net earnings $46.0M, operating cash flow $106M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 59.3% | 62.2% | -2.9 pts |
| Operating margin | 11.7% | -8.1% | +19.8 pts |
| Net margin | 11.2% | 75.5% | -64.2 pts |
| Free cash flow margin | 25.6% | 88.1% | -62.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Services and other | $310M | $301M | $9.0M | +3% |
| Subscription software licenses | $53.0M | $99.0M | −$46.0M | -46% |
| Total recurring | $363M | $400M | −$37.0M | -9% |
| Consulting services | $39.0M | $43.0M | −$4.0M | -9% |
| Perpetual software licenses, hardware and other | $8.0M | $1.0M | $7.0M | +700% |
| Revenue | $410M | $444M | −$34.0M | -8% |
| Gross profit | $243M | $276M | −$33.0M | -12% |
| Cost of revenue | $167M | $168M | −$1.0M | -0.6% |
| Operating profit | $48.0M | −$36.0M | $84.0M | — |
| Operating expenses | $195M | $312M | −$117M | -38% |
| Pre-tax earnings | $47.0M | $437M | −$390M | -89% |
| Research & development | $75.0M | $72.0M | $3.0M | +4% |
| SG&A | $120M | $240M | −$120M | -50% |
| Net earnings | $46.0M | $335M | −$289M | -86% |
| Income tax | $1.0M | $102M | −$101M | -99% |
| Depreciation & amortization | $23.0M | $25.0M | −$2.0M | -8% |
| Share-based compensation | $33.0M | $29.0M | $4.0M | +14% |
| Working capital & other | $4.0M | $12.0M | −$8.0M | -67% |
| Operating cash flow | $106M | $401M | −$295M | -74% |
| Free cash flow (OCF − capex) | $105M | $391M | −$286M | -73% |
| Capital expenditures | $1.0M | $10.0M | −$9.0M | -90% |
Questions
How much did Teradata's revenue grow quarter over quarter in Q2 2026?
Teradata's revenue fell $34.0M (-8%) from $444M in Q1 2026 to $410M in Q2 2026.
What drove Teradata's revenue change in Q2 2026?
Total recurring −$37.0M (-9%); Perpetual software licenses, hardware and other +$7.0M (+700%); Consulting services −$4.0M (-9%).