Filing Flows › Graphic Packaging Holding (GPK) › Q1 2026
Graphic Packaging Holding (GPK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Graphic Packaging Holding (GPK) reported revenue of $2.2B for the first quarter 2026 (Q1 2026), +2% from a year earlier and +3% from the quarter before. Operating margin was 0.9%, net loss $43.0M (2.0% of revenue).
Graphic Packaging Holding, Q1 2026: revenue $2.2B (+2% year over year), operating margin 0.9%, net loss $43.0M, operating cash flow −$113M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +3% | +2% |
| Operating profit | $19.0M | -88% | -91% |
| Net earnings | −$43.0M | -161% | -134% |
| Operating cash flow | −$113M | -122% | — |
What changed
Revenue was $2.2B in Q1 2026, up 2% year over year and up 3% from the previous quarter.
Operating profit was $0.02B, a 0.9% margin (down 9.5 points year over year). Operating profit fell $0.20B even though revenue rose $0.04B versus Q1 2025, so costs grew faster than sales. Total costs grew 13% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+204%). The quarter ended with a net loss of $0.04B, after a profit of $0.07B the previous quarter. Net interest and other expense of $0.06B was the main reason.
Operating cash flow was −$0.11B. Non-cash charges added back $0.14B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.22B. Capital expenditures of $0.14B exceeded it, leaving free cash flow of −$0.25B.
Questions
What was Graphic Packaging Holding's revenue in the first quarter 2026?
Graphic Packaging Holding (GPK) reported revenue of $2.2B for the first quarter 2026 (Q1 2026), +2% from a year earlier and +3% from the quarter before.
Was Graphic Packaging Holding profitable in the first quarter 2026?
Operating profit was $19.0M (0.9% of revenue) and net loss $43.0M.