Filing Flows › Commercial Vehicle Group (CVGI) › Q1 2026
Commercial Vehicle Group (CVGI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Commercial Vehicle Group (CVGI) reported revenue of $171M for the first quarter 2026 (Q1 2026), +1% from a year earlier and +11% from the quarter before. Operating margin was 8.6%, net earnings $902K (0.5% of revenue).
Commercial Vehicle Group, Q1 2026: revenue $171M (+1% year over year), operating margin 8.6%, net earnings $902K, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $171M | +11% | +1% |
| Gross profit | $19.8M | +32% | +11% |
| Operating profit | $14.7M | — | +945% |
| Net earnings | $902K | — | — |
| Operating cash flow | −$1.6M | -113% | -110% |
What changed
Revenue was $171.5M in Q1 2026, up 1% year over year and up 11% from the previous quarter. Seats was the largest line at 41% of revenue. Electrical wire harnesses, panels and assemblies added $8.0M year over year (up 16%), 472% of the total change. Plastic & Trim components declined 17%.
Gross margin was 11.6%, up 1.1 points from Q1 2025. Operating profit was $14.7M, a 8.6% margin (up 7.8 points year over year). Of the extra revenue versus Q1 2025, 783% reached operating profit, above the 1% margin then. Operating expenses fell 69% while revenue rose 1%. Net earnings were $902K. The effective tax rate was 67.7%.
Operating cash flow was −$1.6M. Non-cash charges added back $3.7M of depreciation and amortization and $927K of share-based compensation. Working capital and other items used $7.1M. Capital expenditures of $2.7M exceeded it, leaving free cash flow of −$4.2M.
Questions
What was Commercial Vehicle Group's revenue in the first quarter 2026?
Commercial Vehicle Group (CVGI) reported revenue of $171M for the first quarter 2026 (Q1 2026), +1% from a year earlier and +11% from the quarter before.
Was Commercial Vehicle Group profitable in the first quarter 2026?
Operating profit was $14.7M (8.6% of revenue) and net earnings $902K.