Filing Flows › Curtiss Wright (CW) › Q1 2026
Curtiss Wright (CW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Curtiss Wright (CW) reported revenue of $914M for the first quarter 2026 (Q1 2026), +13% from a year earlier and -4% from the quarter before. Operating margin was 17.5%, net earnings $128M (14.0% of revenue).
Curtiss Wright, Q1 2026: revenue $914M (+13% year over year), operating margin 17.5%, net earnings $128M, operating cash flow −$5.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $914M | -4% | +13% |
| Gross profit | $331M | -7% | +13% |
| Operating profit | $160M | -12% | +23% |
| Net earnings | $128M | -6% | +26% |
| Operating cash flow | −$5.7M | -102% | — |
What changed
Revenue was $913.7M in Q1 2026, up 13% year over year and down 4% from the previous quarter. Product was the largest line at 84% of revenue. Product added $92.0M year over year (up 14%), 85% of the total change.
Gross margin was 36.3%, unchanged from Q1 2025. Operating profit was $159.5M, a 17.5% margin (up 1.4 points year over year). Of the extra revenue versus Q1 2025, 28% reached operating profit, above the 16% margin then. Operating expenses grew 5% against revenue growth of 13%. The fastest-growing cost line was Sales & marketing (+12%). Net earnings were $128.2M, up 26% year over year. The effective tax rate was 18.7%.
Operating cash flow was −$5.7M. Non-cash charges added back $28.4M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items used $169.4M. Capital expenditures of $11.8M exceeded it, leaving free cash flow of −$17.5M.
Questions
What was Curtiss Wright's revenue in the first quarter 2026?
Curtiss Wright (CW) reported revenue of $914M for the first quarter 2026 (Q1 2026), +13% from a year earlier and -4% from the quarter before.
Was Curtiss Wright profitable in the first quarter 2026?
Operating profit was $160M (17.5% of revenue) and net earnings $128M.
Source: Curtiss Wright 10-Q on SEC EDGAR.