Filing Flows › Donaldson (DCI) › Q1 FY26
Donaldson (DCI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Dec 4, 2025
Donaldson (DCI) reported revenue of $935M for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and -5% from the quarter before. Operating margin was 16.0%, net earnings $114M (12.2% of revenue).
Donaldson, Q1 FY26: revenue $935M (+4% year over year), operating margin 16.0%, net earnings $114M, operating cash flow $125M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $935M | -5% | +4% |
| Gross profit | $329M | -3% | +3% |
| Operating profit | $149M | -2% | +14% |
| Net earnings | $114M | -0.3% | +15% |
| Operating cash flow | $125M | -25% | +72% |
| Free cash flow | $111M | -25% | +133% |
What changed
Revenue was $935.4M in Q1 FY26, up 4% year over year and down 5% from the previous quarter.
Gross margin was 35.2%, down 0.4 points from a year earlier. Operating profit was $149.3M, a 16.0% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 52% reached operating profit, above the 15% margin then. Operating expenses fell 5% while revenue rose 4%. Net earnings were $113.9M, up 15% year over year. The effective tax rate was 22.8%.
Operating cash flow was $125.4M (up 72% year over year), 110% of net earnings. Non-cash charges added back $24.3M of depreciation and amortization and $11.4M of share-based compensation. Working capital and other items used $24.2M. Capital expenditures of $14.2M left free cash flow of $111.2M.
Questions
What was Donaldson's revenue in the first quarter fiscal 2026?
Donaldson (DCI) reported revenue of $935M for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and -5% from the quarter before.
Was Donaldson profitable in the first quarter fiscal 2026?
Operating profit was $149M (16.0% of revenue) and net earnings $114M.
Source: Donaldson 10-Q on SEC EDGAR.