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Get filing alertsRH Q2 revenue rises 2.6% to $922.2M, boosted by $55M tariff refund; FY26 guidance updated
Filed September 10, 2026 · Period ending September 10, 2026 · ~1 min read
Key Changes
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Q2 GAAP net revenues rose 2.6% to $922.2M, exceeding the high end of guidance.
Item 2.02 verify on EDGAR → -
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GAAP net income was $60.2M with EBITDA of $168.3M (18.3% margin), including a $55M IEEPA tariff refund benefit.
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Normalized adjusted EBITDA was $123.5M (13.4% margin), excluding the one-time tariff benefit.
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FY26 outlook: revenue growth 5.5%-7.0%, adjusted EBITDA margin 15.0%-16.2%, and $300M-$400M in free cash flow plus asset sales and equity method distributions.
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RH will host a conference call today at 2:00 pm PT to discuss results.
Exhibit 99.1 view on EDGAR →
Summary
RH reported second quarter fiscal 2026 results with revenue up 2.6% to $922.2 million, beating the high end of its guidance. The quarter included a $55 million IEEPA tariff refund that boosted gross margins by 600 basis points, lifting GAAP net income to $60.2 million and EBITDA to $168.3 million. Excluding that one-time benefit, normalized adjusted EBITDA was $123.5 million with a 13.4% margin, which the company said also exceeded its guidance.
The company updated its full-year outlook to revenue growth of 5.5% to 7.0% and adjusted EBITDA margin of 15.0% to 16.2%, while expecting $300 million to $400 million in free cash flow plus asset sales and equity method distributions. The outlook includes a negative 340 basis point impact from international expansion pre-opening and startup costs. RH also disclosed that it may use its corporate websites to disclose material non-public information under Regulation FD, and it will host a conference call today to discuss the results.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
RH released Q2 FY2026 results on Sept 10, 2026 via shareholder letter and press release.
Added in current filing · verify on EDGAR →
On September 10, 2026, RH released its financial results for the second quarter ended August 1, 2026 in a letter to shareholders that is available on the investor relations section of its website.
RH announced its second quarter fiscal 2026 financial results, covering the period ended August 1, 2026. The results were released via a shareholder letter and press release, which are attached as exhibits to the 8-K. The filing does not include the actual financial figures in the body; they are in the attached exhibits.
Added in current filing · verify on EDGAR →
RH is also disclosing that it may use the rh.com, restorationhardware.com, and ir.rh.com websites as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
RH is formally notifying investors that its corporate websites may be used to disclose material non-public information and to satisfy Regulation FD obligations. This means investors should monitor these sites for important company announcements.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
RH (NYSE: RH) has released its financial results for the second quarter ended August 1, 2026, in a shareholder letter from Chairman and Chief Executive Officer Gary Friedman, available on the Investor Relations section of its website at ir.rh.com.
RH announced its second quarter fiscal 2026 financial results, which are available in a shareholder letter on the company's investor relations website. The filing does not include the actual financial figures; they are contained in the shareholder letter.
Added in current filing · view on EDGAR →
RH leadership will host a live conference call and audio webcast at 2:00 pm Pacific Time (5:00 pm Eastern Time) today. The live conference call may be accessed by dialing 833.461.5787 or 626.884.3620 for international callers (conference ID: 612 645 671).
The company will host a conference call and webcast to discuss the results. Investors can access the call via the provided phone numbers or webcast link.
Event · Exhibit 99.2
RH reports Q2 2026 revenue up 2.6% to $922.2M, with a $55.1M tariff refund boosting margins and updated FY26 guidance.
Added in current filing · view on EDGAR →
GAAP Net Revenues Increased 2.6% to $922.2M
RH's second quarter 2026 GAAP net revenues rose 2.6% year-over-year to $922.2 million, exceeding the high end of the company's guidance. The shareholder letter notes the growth accelerated 4.2 points over the first quarter as momentum builds from recent growth strategies.
Added in current filing · view on EDGAR →
The Company’s Second Quarter gross margins were positively impacted by the recognition of $55M, or 600 bps, of IEEPA tariff refunds based on the Company’s application for a total refund of $69M.
RH recognized a $55 million (600 basis point) IEEPA tariff refund benefit in Q2 2026 gross margins, part of a $69 million total refund application. The company also recognized $14 million as a reduction of costs in merchandise inventories, which will benefit gross margins over the third and fourth quarters of fiscal 2026.
Added in current filing · view on EDGAR →
Normalized Adjusted EBITDA of $123.5M and Normalized Adjusted EBITDA Margin of 13.4%
Excluding the one-time tariff refund benefit, RH's normalized adjusted EBITDA was $123.5 million with a 13.4% margin. This metric strips out the $55.1 million tariff benefit to show underlying operating performance, which the company says exceeded the high end of its adjusted EBITDA margin guidance.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 11, 2026 · How we verify