Filing Flows › Ducommun (DCO) › Q1 2026
Ducommun (DCO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Ducommun (DCO) reported revenue of $209M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -4% from the quarter before. Operating margin was 7.5%, net earnings $9.9M (4.7% of revenue).
Ducommun, Q1 2026: revenue $209M (+9% year over year), operating margin 7.5%, net earnings $9.9M, operating cash flow $11.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $209M | -4% | +9% |
| Gross profit | $56.2M | -5% | +11% |
| Operating profit | $15.7M | -7% | +216% |
| Net earnings | $9.9M | +6% | +607% |
| Operating cash flow | $11.2M | — | 15× |
| Free cash flow | $8.3M | — | — |
What changed
Revenue was $209.0M in Q1 2026, up 9% year over year and down 4% from the previous quarter. Military and space was the largest line at 56% of revenue. Commercial aerospace added $12.5M year over year (up 18%), 76% of the total change. Industrial declined 16%.
Gross margin was 26.9%, up 0.7 points from Q1 2025. Operating profit was $15.7M, a 7.5% margin (up 4.9 points year over year). Of the extra revenue versus Q1 2025, 65% reached operating profit, above the 3% margin then. Operating expenses fell 11% while revenue rose 9%. Net earnings were $9.9M, up 607% year over year. The effective tax rate was 15.3%.
Operating cash flow was $11.2M (up 1358% year over year), 113% of net earnings. Non-cash charges added back $8.2M of depreciation and amortization and $11.4M of share-based compensation. Working capital and other items used $18.3M. Capital expenditures of $2.9M left free cash flow of $8.3M.
Questions
What was Ducommun's revenue in the first quarter 2026?
Ducommun (DCO) reported revenue of $209M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -4% from the quarter before.
Was Ducommun profitable in the first quarter 2026?
Operating profit was $15.7M (7.5% of revenue) and net earnings $9.9M.
Source: Ducommun 10-Q on SEC EDGAR.