Filing Flows › Hyster-Yale (HY) › Q1 2026
Hyster-Yale (HY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Hyster-Yale (HY) reported revenue of $795M for the first quarter 2026 (Q1 2026), -13% from a year earlier and -14% from the quarter before. Operating margin was -3.5%, net loss $30.3M (3.8% of revenue).
Hyster-Yale, Q1 2026: revenue $795M (-13% year over year), operating margin -3.5%, net loss $30.3M, operating cash flow −$32.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $795M | -14% | -13% |
| Operating profit | −$28.0M | — | -231% |
| Net earnings | −$30.3M | — | -448% |
| Operating cash flow | −$32.9M | -158% | — |
What changed
Revenue was $795.2M in Q1 2026, down 13% year over year and down 14% from the previous quarter.
Gross margin was 15.7%, down 3.8 points from Q1 2025. Operating costs exceeded revenue by $28.0M, an operating margin of -3.5%. Operating expenses fell 2% while revenue fell 13%. The quarter ended with a net loss of $30.3M, narrower than the previous quarter's $51.6M loss.
Operating cash flow was −$32.9M. Non-cash charges added back $11.3M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items used $18.3M. Capital expenditures of $9.8M exceeded it, leaving free cash flow of −$42.7M.
Questions
What was Hyster-Yale's revenue in the first quarter 2026?
Hyster-Yale (HY) reported revenue of $795M for the first quarter 2026 (Q1 2026), -13% from a year earlier and -14% from the quarter before.
Was Hyster-Yale profitable in the first quarter 2026?
Operating loss was $28.0M (-3.5% of revenue) and net loss $30.3M.
Source: Hyster-Yale 10-Q on SEC EDGAR.