Filing Flows › Dover (DOV) › Q1 2026
Dover (DOV) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
Dover (DOV) reported revenue of $2.1B for the first quarter 2026 (Q1 2026), +10% from a year earlier and -2% from the quarter before. Operating margin was 14.9%, net earnings $238M (11.6% of revenue).
Dover, Q1 2026: revenue $2.1B (+10% year over year), operating margin 14.9%, net earnings $238M, operating cash flow $191M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -2% | +10% |
| Gross profit | $798M | -3% | +7% |
| Operating profit | $306M | -11% | +3% |
| Net earnings | $238M | -15% | +3% |
| Operating cash flow | $191M | -65% | +21% |
| Free cash flow | $131M | — | +20% |
What changed
Revenue was $2.1B in Q1 2026, up 10% year over year and down 2% from the previous quarter.
Gross margin was 38.9%, down 1.1 points from Q1 2025. Operating profit was $0.31B, a 14.9% margin (down 1.0 points year over year). Of the extra revenue versus Q1 2025, 5% reached operating profit, below the 16% margin then. Operating expenses grew 10% against revenue growth of 10%. Net earnings were $0.24B, up 3% year over year. The effective tax rate was 20.1%.
Operating cash flow was $0.19B (up 21% year over year), 80% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.17B. After capital expenditures ($0.06B), free cash flow as the company reports it was $0.13B.
Questions
What was Dover's revenue in the first quarter 2026?
Dover (DOV) reported revenue of $2.1B for the first quarter 2026 (Q1 2026), +10% from a year earlier and -2% from the quarter before.
Was Dover profitable in the first quarter 2026?
Operating profit was $306M (14.9% of revenue) and net earnings $238M.
Source: Dover 10-Q on SEC EDGAR.