Filing Flows › Element Solutions (ESI) › Q1 2026
Element Solutions (ESI) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Element Solutions (ESI) reported revenue of $840M for the first quarter 2026 (Q1 2026), +41% from a year earlier and +24% from the quarter before. Operating margin was 13.3%, net earnings $56.0M (6.7% of revenue).
Element Solutions, Q1 2026: revenue $840M (+42% year over year), operating margin 13.3%, net earnings $56.0M, operating cash flow −$66.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $840M | +24% | +41% |
| Gross profit | $323M | +17% | +29% |
| Operating profit | $111M | +60% | +44% |
| Net earnings | $56.0M | +803% | -43% |
| Operating cash flow | −$66.6M | -173% | -356% |
What changed
Revenue was $840.0M in Q1 2026, up 41% year over year and up 24% from the previous quarter. Electronics was the largest line at 75% of revenue. Electronics added $239.2M year over year (up 61%), 97% of the total change.
Gross margin was 38.4%, down 3.8 points from Q1 2025. Operating profit was $111.4M, a 13.3% margin (up 0.2 points year over year). Of the extra revenue versus Q1 2025, 14% reached operating profit, above the 13% margin then. Operating expenses grew 22% against revenue growth of 41%. The fastest-growing cost line was Research & development (+27%). Net earnings were $55.9M, down 43% year over year. The effective tax rate was 32.3%.
Operating cash flow was −$66.6M. Non-cash charges added back $42.5M of depreciation and amortization and $8.1M of share-based compensation. Working capital and other items used $173.2M. Capital expenditures of $25.1M exceeded it, leaving free cash flow of −$91.7M.
Questions
What was Element Solutions' revenue in the first quarter 2026?
Element Solutions (ESI) reported revenue of $840M for the first quarter 2026 (Q1 2026), +41% from a year earlier and +24% from the quarter before.
Was Element Solutions profitable in the first quarter 2026?
Operating profit was $111M (13.3% of revenue) and net earnings $56.0M.
Source: Element Solutions 10-Q on SEC EDGAR.