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Ball (BALL) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 5, 2026

Ball (BALL) reported revenue of $3.6B for the first quarter 2026 (Q1 2026), +16% from a year earlier and +8% from the quarter before. Operating margin was 7.4%, net earnings $205M (5.7% of revenue).

Revenue$3.6B
Year over year+16%
Quarter over quarter+8%
Operating margin7.4%
Net earnings$205M

Ball, Q1 2026: revenue $3.6B (+16% year over year), operating margin 7.4%, net earnings $205M, operating cash flow −$777M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$3.6B+8%+16%
Operating profit$267M+7%+15%
Net earnings$205M+2%+15%
Operating cash flow−$777M-164%—

What changed

Revenue was $3.6B in Q1 2026, up 16% year over year and up 8% from the previous quarter.

Operating profit was $0.27B, a 7.4% margin (down 0.1 points year over year). Of the extra revenue versus Q1 2025, 7% reached operating profit, below the 7% margin then. Total costs grew 16% against revenue growth of 16%. The fastest-growing cost line was Cost of revenue (+19%). Net earnings were $0.20B, up 15% year over year. The effective tax rate was 23.2%.

Operating cash flow was −$0.78B. Non-cash charges added back $0.16B of depreciation and amortization. Working capital and other items used $1.1B. Capital expenditures of $0.16B exceeded it, leaving free cash flow of −$0.94B.

Questions

What was Ball's revenue in the first quarter 2026?

Ball (BALL) reported revenue of $3.6B for the first quarter 2026 (Q1 2026), +16% from a year earlier and +8% from the quarter before.

Was Ball profitable in the first quarter 2026?

Operating profit was $267M (7.4% of revenue) and net earnings $205M.

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Source: Ball 10-Q on SEC EDGAR.