Williams Sonoma (WSM) Q2 FY2026 earnings: revenue $2.0 billion, up 6.7% on the year

Williams Sonoma Inc. (WSM) reported revenue of $2.0 billion for Q2 FY2026, the quarter ended 2 August 2026, up 6.7% on the same quarter a year earlier. Net income was $338 million, up 36.6% on the year, and diluted earnings per share $2.84. The figures are the company's own, from the 10-Q it filed with the SEC on 28 August 2026.

Revenue

$2.0 billion

+6.7% on the year · +8.5% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

22.9%

17.9% a year earlier

Q3 FY2024Q2 FY2026

Net income

$338 million

+36.6% on the year · +46.1% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$2.84

+42.0% on the year · +47.2% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 4 raised, 1 new, 2 kept.

Net revenue and comparable growth rose: Net revenues rose 6.7% to $1.96 billion, and comparable brand revenue grew 6.2%, against 3.7% a year earlier.
Operating income and margin rose: GAAP operating income was $449 million, a 22.9% margin, up from 17.9%. Non-GAAP operating income was $338 million, a 17.3% margin, against 17.9% a year earlier.
Every brand delivered comparable growth: Management said every brand delivered in the quarter, driven by execution across brands, channels and the team. All named brands posted positive comparable growth.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	1,960	1,805	1,837	+8.5%	+6.7%
Cost of revenue	948	1,012	972	-6.3%	-2.5%
Gross profit	1,012	793	865	+27.5%	+17.0%
Gross margin	51.6%	43.9%	47.1%
Selling, general and administrative	563	502	537	+12.2%	+5.0%
Operating income	449	292	328	+53.9%	+36.8%
Operating margin	22.9%	16.2%	17.9%
Pre-tax income	461	299	337	+54.5%	+36.8%
Income tax	123	67.2	89.6	+83.1%	+37.4%
Effective tax rate	26.7%	22.5%	26.6%
Net income	338	231	248	+46.1%	+36.6%
Net margin	17.3%	12.8%	13.5%
Diluted EPS	$2.84	$1.93	$2.00	+47.2%	+42.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	540	156	283	+245.1%	+90.8%
Capital expenditure	58.7	57.7	52.0	+1.8%	+12.9%
Free cash flow	481	98.6	231	+387.4%	+108.4%
Free cash flow margin	24.5%	5.5%	12.6%
Cash from investing	-58.7	-57.7	-53.3
Cash from financing	-103	-467	-291
Depreciation and amortisation	56.6	56.1	56.8	+0.8%	-0.3%
Share-based compensation	32.0	29.5	26.6	+8.3%	+20.3%
Buybacks	0.0	288	199
Dividends paid	89.9	85.6	81.3	+5.0%	+10.5%
Dividend per share	$0.76	$0.76	$0.66	0.0%	+15.2%
Diluted shares, weighted	119m	120m	124m	-0.8%	-3.8%
Shares outstanding at period end	118m	118m	122m	+0.0%	-3.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	2,141	1,870	2,150	+14.5%	-0.4%
Debt	0.0	0.0	0.0
Operating lease liabilities	1,311	1,278	1,172	+2.5%	+11.9%
Other liabilities	2,054	1,911	1,907	+7.5%	+7.7%
Total liabilities and equity	5,506	5,060	5,228	+8.8%	+5.3%
Fixed assets	1,122	1,102	1,030	+1.8%	+9.0%
Goodwill	77.4	77.4	77.4	-0.0%	-0.0%
Cash and equivalents	1,029	652	986	+57.9%	+4.4%
Receivables	146	139	116	+4.9%	+26.6%
Inventory	1,447	1,455	1,434	-0.5%	+1.0%
Other assets	1,685	1,634	1,587	+3.1%	+6.2%
Total assets	5,506	5,060	5,228	+8.8%	+5.3%

Questions

What was Williams Sonoma's revenue in Q2 FY2026?

Williams Sonoma (WSM) reported revenue of $2.0 billion for Q2 FY2026, the quarter ended 2 August 2026, up 6.7% on the same quarter a year earlier.

How much did Williams Sonoma earn in Q2 FY2026?

Net income for Q2 FY2026 was $338 million, up 36.6% on the year, and diluted earnings per share $2.84.

When did Williams Sonoma report Q2 FY2026 results?

Williams Sonoma filed its 10-Q for the quarter ended 2 August 2026 with the SEC on 28 August 2026.

Quarterly results, the last 20 quarters

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 * †	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	2,048	2,501	1,891	2,138	2,193	2,453	1,755	1,863	1,854	2,279	1,660	1,788	1,801	2,462	1,730	1,837	1,883	2,357	1,805	1,960
Cost of revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	984	983	n/a	964	972	1,015	1,252	1,012	948
Gross profit	895	1,125	829	929	911	1,010	675	758	822	1,049	795	804	818	1,166	766	865	868	1,105	793	1,012
Gross margin	44%	45%	44%	43%	42%	41%	38%	41%	44%	46%	48%	45%	45%	47%	44%	47%	46%	47%	44%	52%
SG&A	565	601	505	563	571	540	476	486	507	591	479	526	513	635	475	537	549	627	502	563
Operating income	330	525	323	366	340	470	199	272	315	458	317	278	305	530	291	328	319	478	292	449
Operating margin	16%	21%	17%	17%	15%	19%	11%	15%	17%	20%	19%	16%	17%	22%	17%	18%	17%	20%	16%	23%
Pre-tax income	330	525	324	366	340	471	205	275	322	471	333	293	317	543	300	337	329	486	299	461
Tax rate	24%	23%	21%	27%	26%	25%	24%	27%	26%	25%	22%	26%	25%	24%	23%	27%	27%	24%	23%	27%
Net income	250	403	254	267	252	355	157	202	237	354	260	217	237	411	231	248	242	368	231	338
Net margin	12%	16%	13%	12%	11%	14%	9%	11%	13%	16%	16%	12%	13%	17%	13%	13%	13%	16%	13%	17%
Diluted EPS	$1.65	$2.67	$1.75	$1.94	$1.86	$2.64	$1.18	$1.56	$1.83	$2.72	$1.99	$1.67	$1.87	$3.28	$1.85	$2.00	$1.96	$3.04	$1.93	$2.84
Operating cash flow	313	583	185	199	205	464	343	372	290	675	227	246	253	633	119	283	316	597	156	540
Capital expenditure	62.7	85.5	71.2	77.4	85.8	120	50.0	42.9	42.0	53.6	39.5	31.4	83.4	67.2	58.2	52.0	68.2	80.9	57.7	58.7
Free cash flow	250	497	113	122	119	345	292	330	248	621	187	215	170	566	60.7	231	248	516	98.6	481
Buybacks	201	247	501	265	74.6	39.1	300	10.0	3.0	0.0	43.8	130	534	100.0	90.0	199	267	298	288	0.0
Dividends paid	44.1	52.3	58.1	54.5	52.6	52.1	58.1	58.6	57.9	57.9	62.9	72.9	73.1	71.2	74.7	81.3	80.6	79.9	85.6	89.9
Shares outstanding	147m	144m	138m	134m	133m	132m	128m	128m	128m	128m	129m	128m	124m	123m	123m	122m	120m	119m	118m	118m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 2 August 2026, filed 28 August 2026: the filing.