Filing Flows › Avantor (AVTR) › Q1 2026
Avantor (AVTR) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Avantor (AVTR) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), 0% from a year earlier and -5% from the quarter before. Operating margin was 6.3%, net earnings $43.3M (2.7% of revenue).
Avantor, Q1 2026: revenue $1.6B (0% year over year), operating margin 6.3%, net earnings $43.3M, operating cash flow $58.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -5% | 0% |
| Gross profit | $501M | -4% | -6% |
| Operating profit | $99.5M | -21% | -32% |
| Net earnings | $43.3M | -17% | -33% |
| Operating cash flow | $58.7M | -62% | -46% |
| Free cash flow | $25.2M | — | -69% |
What changed
Revenue was $1.6B in Q1 2026, roughly flat year over year and down 5% from the previous quarter. Proprietary was the largest line at 53% of revenue.
Gross margin was 31.7%, down 2.2 points from Q1 2025. Operating profit was $0.10B, a 6.3% margin (down 3.0 points year over year). Operating expenses grew 4% against flat revenue. Net earnings were $0.04B, down 33% year over year. The effective tax rate was 22.0%.
Operating cash flow was $0.06B (down 46% year over year), 136% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.10B. After capital expenditures ($0.03B), free cash flow as the company reports it was $0.03B.
Questions
What was Avantor's revenue in the first quarter 2026?
Avantor (AVTR) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), 0% from a year earlier and -5% from the quarter before.
Was Avantor profitable in the first quarter 2026?
Operating profit was $99.5M (6.3% of revenue) and net earnings $43.3M.
Source: Avantor 10-Q on SEC EDGAR.