Filing Flows › Teradata (TDC) › Q2 2026 › vs Q2 2025
Teradata (TDC) Q2 2026 vs Q2 2025 (year over year)
Teradata's revenue rose $2.0M (+0.5%) from $408M in Q2 2025 to $410M in Q2 2026. The biggest changes: Consulting services −$12.0M (-24%); Total recurring +$9.0M (+3%); Perpetual software licenses, hardware and other +$5.0M (+167%). Gross margin 59.3% against 56.4% (+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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 59.3% | 56.4% | +2.9 pts |
| Operating margin | 11.7% | 5.9% | +5.8 pts |
| Net margin | 11.2% | 2.2% | +9.0 pts |
| Free cash flow margin | 25.6% | 9.6% | +16.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Services and other | $310M | $289M | $21.0M | +7% |
| Subscription software licenses | $53.0M | $65.0M | −$12.0M | -18% |
| Total recurring | $363M | $354M | $9.0M | +3% |
| Consulting services | $39.0M | $51.0M | −$12.0M | -24% |
| Perpetual software licenses, hardware and other | $8.0M | $3.0M | $5.0M | +167% |
| Revenue | $410M | $408M | $2.0M | +0.5% |
| Gross profit | $243M | $230M | $13.0M | +6% |
| Cost of revenue | $167M | $178M | −$11.0M | -6% |
| Operating profit | $48.0M | $24.0M | $24.0M | +100% |
| Operating expenses | $195M | $206M | −$11.0M | -5% |
| Pre-tax earnings | $47.0M | $13.0M | $34.0M | +262% |
| Research & development | $75.0M | $71.0M | $4.0M | +6% |
| SG&A | $120M | $135M | −$15.0M | -11% |
| Net earnings | $46.0M | $9.0M | $37.0M | +411% |
| Income tax | $1.0M | $4.0M | −$3.0M | -75% |
| Depreciation & amortization | $23.0M | $23.0M | $0 | 0% |
| Share-based compensation | $33.0M | $31.0M | $2.0M | +6% |
| Working capital & other | $4.0M | −$20.0M | $24.0M | — |
| Operating cash flow | $106M | $43.0M | $63.0M | +147% |
| Free cash flow (OCF − capex) | $105M | $39.0M | $66.0M | +169% |
| Capital expenditures | $1.0M | $4.0M | −$3.0M | -75% |
Questions
How much did Teradata's revenue grow year over year in Q2 2026?
Teradata's revenue rose $2.0M (+0.5%) from $408M in Q2 2025 to $410M in Q2 2026.
What drove Teradata's revenue change in Q2 2026?
Consulting services −$12.0M (-24%); Total recurring +$9.0M (+3%); Perpetual software licenses, hardware and other +$5.0M (+167%).