Filing Flows › Century Aluminum (CENX) › Q1 2026
Century Aluminum (CENX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Century Aluminum (CENX) reported revenue of $649M for the first quarter 2026 (Q1 2026), +2% from a year earlier and +2% from the quarter before. Operating margin was 57.6%, net earnings $338M (52.0% of revenue).
Century Aluminum, Q1 2026: revenue $649M (+2% year over year), operating margin 57.6%, net earnings $338M, operating cash flow $68.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $649M | +2% | +2% |
| Gross profit | $119M | +44% | +107% |
| Operating profit | $374M | 11× | +774% |
| Net earnings | $338M | 188× | 11× |
| Operating cash flow | $68.4M | -33% | -5% |
What changed
Revenue was $649.2M in Q1 2026, up 2% year over year and up 2% from the previous quarter. Aluminum was the largest line at 91% of revenue. Aluminum added $52.1M year over year (up 10%), 341% of the total change. Alumina declined 38%.
Gross margin was 18.3%, up 9.3 points from Q1 2025. Operating profit was $374.0M, a 57.6% margin (up 50.9 points year over year). Of the extra revenue versus Q1 2025, 2165% reached operating profit, above the 7% margin then. Net earnings were $337.5M, up 1036% year over year ($327.0M including minority interests, which bore $10.5M of losses). The effective tax rate was 0.5%.
Operating cash flow was $68.4M (down 5% year over year), 21% of net income including minority interests. Non-cash charges added back $22.7M of depreciation and amortization and $9.4M of share-based compensation. Working capital and other items used $290.7M. Capital expenditures of $74.8M exceeded it, leaving free cash flow of −$6.4M.
Questions
What was Century Aluminum's revenue in the first quarter 2026?
Century Aluminum (CENX) reported revenue of $649M for the first quarter 2026 (Q1 2026), +2% from a year earlier and +2% from the quarter before.
Was Century Aluminum profitable in the first quarter 2026?
Operating profit was $374M (57.6% of revenue) and net earnings $338M.
Source: Century Aluminum 10-Q on SEC EDGAR.