Filing Flows › CTS (CTS) › Q1 2026
CTS (CTS) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
CTS (CTS) reported revenue of $139M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +1% from the quarter before. Operating margin was 15.8%, net earnings $17.2M (12.4% of revenue).
CTS, Q1 2026: revenue $139M (+11% year over year), operating margin 15.8%, net earnings $17.2M, operating cash flow $17.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $139M | +1% | +11% |
| Gross profit | $55.0M | +2% | +18% |
| Operating profit | $22.0M | -3% | +35% |
| Net earnings | $17.2M | -13% | +29% |
| Operating cash flow | $17.3M | -41% | +11% |
| Free cash flow | $12.3M | — | +12% |
What changed
Revenue was $139.2M in Q1 2026, up 11% year over year and up 1% from the previous quarter.
Gross margin was 39.5%, up 2.5 points from Q1 2025. Operating profit was $22.0M, a 15.8% margin (up 2.8 points year over year). Of the extra revenue versus Q1 2025, 42% reached operating profit, above the 13% margin then. Operating expenses grew 9% against revenue growth of 11%. Net earnings were $17.2M, up 29% year over year. The effective tax rate was 20.7%.
Operating cash flow was $17.3M (up 11% year over year), 101% of net earnings. Non-cash charges added back $8.8M of depreciation and amortization. Working capital and other items used $8.7M. After capital expenditures ($5.0M), free cash flow as the company reports it was $12.3M.
Questions
What was CTS' revenue in the first quarter 2026?
CTS (CTS) reported revenue of $139M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +1% from the quarter before.
Was CTS profitable in the first quarter 2026?
Operating profit was $22.0M (15.8% of revenue) and net earnings $17.2M.
Source: CTS 10-Q on SEC EDGAR.