Unity Software Inc. · 2026 Q2

Consensus vs reported

QoQ and YoY are measured on the same basis as each panel's own consensus, so no panel compares two different measures.

2026 Q2 preview

Reported this quarter

Each tile opens the full quarterly series. Download the numbers as CSV or JSON.

What we learned

1. The score doubled in one quarter, from 29.77 to 60.9. Revenue $546M, +23.9% , free cash flow $202M at a 36.96% margin , adjusted EBITDA $160M against $90M — and the GAAP net loss narrowed to $23M from $107M.
2. The Q1 gross margin was the impairment, exactly as the preview said. 30.81% snapped back to 79.6% , the highest in two years. One quarter, one $227M charge, fully reversed.
3. The metric ignored a $227M write-down and was right to. That is the same blindness that would mislead in a quarter where a write-down mattered. Both statements hold, and neither cancels the other.
4. There is no definitional gap on this ticker. Unity's free-cash-flow definition — operating cash flow less purchases of property and equipment — is ours, unlike Datadog reporting the same morning.
5. Unity converted more revenue to cash than Datadog did, on the same morning. Datadog: 35.6% growth, a 27.28% cash margin, 62.93. Unity: 23.9% growth, a 36.96% cash margin, 60.9. Half a point apart by opposite routes.

Read the full analysis: Unity's Rule of 40 Doubled to 61. A Third of the Revenue It Didn't Grow, It Sold. →

Coverage around this release

Estimate against reported

Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.

Sources & downloads

2026 Q2 across the sector

Every U quarter