Filing Flows › Commercial Metals (CMC) › Q1 FY26
Commercial Metals (CMC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 8, 2026
Commercial Metals (CMC) reported revenue of $2.1B for the first quarter fiscal 2026 (Q1 FY26), +11% from a year earlier and +0.3% from the quarter before. Operating margin was 8.6%, net earnings $177M (8.4% of revenue).
Commercial Metals, Q1 FY26: revenue $2.1B (+11% year over year), operating margin 8.6%, net earnings $177M, operating cash flow $204M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +0.3% | +11% |
| Operating profit | $183M | -5% | — |
| Net earnings | $177M | +17% | — |
| Operating cash flow | $204M | -35% | -4% |
| Free cash flow | $78.8M | -62% | -17% |
What changed
Revenue was $2.1B in Q1 FY26, up 11% year over year and roughly flat from the previous quarter.
Operating profit was $0.18B, a 8.6% margin (up 20.7 points year over year). Total costs fell 10% while revenue rose 11%. Net earnings were $0.18B. The effective tax rate was 3.1%.
Operating cash flow was $0.20B (down 4% year over year), 115% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.06B. Capital expenditures of $0.13B left free cash flow of $0.08B.
Questions
What was Commercial Metals' revenue in the first quarter fiscal 2026?
Commercial Metals (CMC) reported revenue of $2.1B for the first quarter fiscal 2026 (Q1 FY26), +11% from a year earlier and +0.3% from the quarter before.
Was Commercial Metals profitable in the first quarter fiscal 2026?
Operating profit was $183M (8.6% of revenue) and net earnings $177M.
Source: Commercial Metals 10-Q on SEC EDGAR.