iPhone SE 2 may be an updated iPhone 7
https://www.cnet.com/news/iphone-se-2-may-be-an-updated-iphone-7/
As tweeted by Guilherme Rambo of 9to5Mac, the specs for the model include an A10 processor and P3-gamut display, but no notch or Face ID which distinguishes it as an existing body. That's the same processor in the iPhone 7 models; the current, iPhone 8 generation incorporates an A11. The of the phones he listed sound like what we've heard about the brand new models, including OLED screens on the flagship and a model with an LCD screen that's thought to be a cheaper model.
We reached out to Apple for comment, but didn't immediately hear back.