Filing Flows › Weyerhaeuser (WY) › Q2 2026 › vs Q1 2026
Weyerhaeuser (WY) Q2 2026 vs Q1 2026 (quarter over quarter)
Weyerhaeuser's revenue rose $140M (+8%) from $1.7B in Q1 2026 to $1.9B in Q2 2026. The biggest changes: Wood Products +$196M (+17%); Strategic Land Solutions −$67.0M (-32%); Timberlands +$11.0M (+3%). Gross margin 16.7% against 18.4% (-1.8 pts).
Weyerhaeuser, Q2 2026: revenue $1.9B (-0.9% year over year), operating margin 11.9%, net earnings $162M, operating cash flow $399M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 16.7% | 18.4% | -1.8 pts |
| Operating margin | 11.9% | 14.3% | -2.4 pts |
| Net margin | 8.7% | 9.0% | -0.4 pts |
| Free cash flow margin | 20.9% | 1.7% | +19.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Wood Products | $1.4B | $1.2B | $196M | +17% |
| Timberlands | $367M | $356M | $11.0M | +3% |
| Strategic Land Solutions | $140M | $207M | −$67.0M | -32% |
| Revenue | $1.9B | $1.7B | $140M | +8% |
| Gross profit | $311M | $318M | −$7.0M | -2% |
| Cost of revenue | $1.6B | $1.4B | $147M | +10% |
| Operating profit | $223M | $247M | −$24.0M | -10% |
| Operating expenses | $88.0M | $71.0M | $17.0M | +24% |
| Pre-tax earnings | $147M | $171M | −$24.0M | -14% |
| Other expense, net | $76.0M | $76.0M | $0 | 0% |
| Income tax benefit | $15.0M | −$15.0M | $30.0M | — |
| Net earnings | $162M | $156M | $6.0M | +4% |
| Depreciation & amortization | $127M | $124M | $3.0M | +2% |
| Share-based compensation | $10.0M | $13.0M | −$3.0M | -23% |
| Working capital & other | $100M | −$241M | $341M | — |
| Operating cash flow | $399M | $52.0M | $347M | +667% |
| Free cash flow (OCF − capex) | $391M | $29.0M | $362M | 13× |
| Capital expenditures | $8.0M | $23.0M | −$15.0M | -65% |
Questions
How much did Weyerhaeuser's revenue grow quarter over quarter in Q2 2026?
Weyerhaeuser's revenue rose $140M (+8%) from $1.7B in Q1 2026 to $1.9B in Q2 2026.
What drove Weyerhaeuser's revenue change in Q2 2026?
Wood Products +$196M (+17%); Strategic Land Solutions −$67.0M (-32%); Timberlands +$11.0M (+3%).