For a 2-periodic linkL in the thickened annulus and its quotient link L, we exhibit a spectral sequence with. This spectral sequence splits along quantum and sl 2 weight space gradings, proving a rank inequality rk F2 AKh j,k (L) ≤ rk F2 AKh 2j−k,k (L) for every pair of quantum and sl 2 weight space gradings (j, k). We also present a few decategorified consequences and discuss partial results toward a similar statement for the Khovanov homology of 2-periodic links.