Filing Flows › Allison Transmission Holdings (ALSN) › Q1 2026
Allison Transmission Holdings (ALSN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Allison Transmission Holdings (ALSN) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +84% from a year earlier and +91% from the quarter before. Operating margin was 13.9%, net earnings $112M (8.0% of revenue).
Allison Transmission Holdings, Q1 2026: revenue $1.4B (+84% year over year), operating margin 13.9%, net earnings $112M, operating cash flow $156M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +91% | +84% |
| Gross profit | $406M | +15% | +7% |
| Operating profit | $195M | +14% | -22% |
| Net earnings | $112M | +13% | -42% |
| Operating cash flow | $156M | -36% | -14% |
| Free cash flow | $103M | -39% | -34% |
What changed
Revenue was $1.4B in Q1 2026, up 84% year over year and up 91% from the previous quarter. Allison Transmission was the largest line at 52% of revenue. Allison Transmission declined 4%.
Gross margin was 28.9%, down 20.5 points from Q1 2025. Operating profit was $0.20B, a 13.9% margin (down 18.6 points year over year). Operating profit fell $0.05B even though revenue rose $0.64B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 64% against revenue growth of 84%. The fastest-growing cost line was SG&A (+80%). Net earnings were $0.11B, down 42% year over year. The effective tax rate was 15.2%.
Operating cash flow was $0.16B (down 14% year over year), 139% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.05B left free cash flow of $0.10B.
Questions
What was Allison Transmission Holdings' revenue in the first quarter 2026?
Allison Transmission Holdings (ALSN) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +84% from a year earlier and +91% from the quarter before.
Was Allison Transmission Holdings profitable in the first quarter 2026?
Operating profit was $195M (13.9% of revenue) and net earnings $112M.