Filing Flows › Garrett Motion (GTX) › Q1 2026
Garrett Motion (GTX) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Garrett Motion (GTX) reported revenue of $985M for the first quarter 2026 (Q1 2026), +12% from a year earlier and +11% from the quarter before. Operating margin was 12.0%, net earnings $95.0M (9.6% of revenue).
Garrett Motion, Q1 2026: revenue $985M (+12% year over year), operating margin 12.0%, net earnings $95.0M, operating cash flow $98.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $985M | +11% | +12% |
| Gross profit | $196M | +6% | +9% |
| Operating profit | $118M | +15% | +39% |
| Net earnings | $95.0M | +13% | +53% |
| Operating cash flow | $98.0M | -1% | +75% |
| Free cash flow | $69.0M | -12% | +130% |
What changed
Revenue was $985.0M in Q1 2026, up 12% year over year and up 11% from the previous quarter.
Gross margin was 19.9%, down 0.5 points from Q1 2025. Operating profit was $118.0M, a 12.0% margin (up 2.3 points year over year). Of the extra revenue versus Q1 2025, 31% reached operating profit, above the 10% margin then. Operating expenses fell 17% while revenue rose 12%. Net earnings were $95.0M, up 53% year over year. The effective tax rate was 19.5%.
Operating cash flow was $98.0M (up 75% year over year), 103% of net earnings. Non-cash charges added back $25.0M of depreciation and $7.0M of share-based compensation. Working capital and other items used $29.0M. Capital expenditures of $29.0M left free cash flow of $69.0M.
Questions
What was Garrett Motion's revenue in the first quarter 2026?
Garrett Motion (GTX) reported revenue of $985M for the first quarter 2026 (Q1 2026), +12% from a year earlier and +11% from the quarter before.
Was Garrett Motion profitable in the first quarter 2026?
Operating profit was $118M (12.0% of revenue) and net earnings $95.0M.
Source: Garrett Motion 10-Q on SEC EDGAR.