Filing Flows › Ingredion (INGR) › Q1 2026
Ingredion (INGR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Ingredion (INGR) reported revenue of $1.8B for the first quarter 2026 (Q1 2026), -1% from a year earlier and +2% from the quarter before. Operating margin was 11.3%, net earnings $142M (7.9% of revenue).
Ingredion, Q1 2026: revenue $1.8B (-1% year over year), operating margin 11.3%, net earnings $142M, operating cash flow $33.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +2% | -1% |
| Gross profit | $401M | -7% | -14% |
| Operating profit | $203M | -8% | -26% |
| Net earnings | $142M | -14% | -28% |
| Operating cash flow | $33.0M | -92% | -57% |
What changed
Revenue was $1.8B in Q1 2026, down 1% year over year and up 2% from the previous quarter.
Gross margin was 22.4%, down 3.3 points from Q1 2025. Operating profit was $0.20B, a 11.3% margin (down 3.9 points year over year). Operating expenses grew 4% against a revenue fall of 1%. Net earnings were $0.14B, down 28% year over year. The effective tax rate was 25.8%.
Operating cash flow was $0.03B (down 57% year over year), 23% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.18B. Capital expenditures of $0.11B exceeded it, leaving free cash flow of −$0.08B.
Questions
What was Ingredion's revenue in the first quarter 2026?
Ingredion (INGR) reported revenue of $1.8B for the first quarter 2026 (Q1 2026), -1% from a year earlier and +2% from the quarter before.
Was Ingredion profitable in the first quarter 2026?
Operating profit was $203M (11.3% of revenue) and net earnings $142M.
Source: Ingredion 10-Q on SEC EDGAR.