Q2, or the second quarter, refers to a specific three-month period in a fiscal or calendar year. It typically includes the months of April, May, and June. Businesses and organizations often use this time frame to assess their financial performance, track progress towards goals, and make necessary adjustments. In financial reporting, Q2 is crucial for stakeholders, including investors and analysts, as it provides insights into a company's operational efficiency and market trends. Companies release their quarterly earnings reports during this time, which detail revenue, expenses, and overall profitability, helping to inform future business strategies.