Filing Flows › Cal-Maine Foods (CALM) › Q1 FY26
Cal-Maine Foods (CALM) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 1, 2025
Cal-Maine Foods (CALM) reported revenue of $923M for the first quarter fiscal 2026 (Q1 FY26), +17% from a year earlier and -16% from the quarter before. Operating margin was 27.0%, net earnings $199M (21.6% of revenue).
Cal-Maine Foods, Q1 FY26: revenue $923M (+17% year over year), operating margin 27.0%, net earnings $199M, operating cash flow $279M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $923M | -16% | +17% |
| Gross profit | $311M | -41% | +26% |
| Operating profit | $249M | -43% | +33% |
| Net earnings | $199M | -42% | +33% |
| Operating cash flow | $279M | -33% | +137% |
| Free cash flow | $233M | -36% | +186% |
What changed
Revenue was $922.6M in Q1 FY26, up 17% year over year and down 16% from the previous quarter.
Gross margin was 33.7%, up 2.3 points from a year earlier. Operating profit was $249.2M, a 27.0% margin (up 3.2 points year over year). Of the extra revenue versus a year earlier, 46% reached operating profit, above the 24% margin then. Operating expenses grew 3% against revenue growth of 17%. Net earnings were $199.3M, up 33% year over year. The effective tax rate was 24.4%.
Operating cash flow was $278.6M (up 137% year over year), 140% of net earnings. Non-cash charges added back $29.7M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $48.5M. Capital expenditures of $45.3M left free cash flow of $233.3M.
Questions
What was Cal-Maine Foods' revenue in the first quarter fiscal 2026?
Cal-Maine Foods (CALM) reported revenue of $923M for the first quarter fiscal 2026 (Q1 FY26), +17% from a year earlier and -16% from the quarter before.
Was Cal-Maine Foods profitable in the first quarter fiscal 2026?
Operating profit was $249M (27.0% of revenue) and net earnings $199M.
Source: Cal-Maine Foods 10-Q on SEC EDGAR.