Filing Flows › Ingersoll Rand (IR) › Q1 2026
Ingersoll Rand (IR) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Ingersoll Rand (IR) reported revenue of $1.8B for the first quarter 2026 (Q1 2026), +8% from a year earlier and -12% from the quarter before. Operating margin was 15.7%, net earnings $192M (10.4% of revenue).
Ingersoll Rand, Q1 2026: revenue $1.8B (+8% year over year), operating margin 15.7%, net earnings $192M, operating cash flow $200M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -12% | +8% |
| Gross profit | $792M | -11% | +4% |
| Operating profit | $290M | -26% | -4% |
| Net earnings | $192M | -28% | +3% |
| Operating cash flow | $200M | -60% | -22% |
| Free cash flow | $163M | — | -27% |
What changed
Revenue was $1.8B in Q1 2026, up 8% year over year and down 12% from the previous quarter. Original equipment was the largest line at 63% of revenue. Original equipment added $0.09B year over year (up 9%), 71% of the total change.
Gross margin was 42.9%, down 1.7 points from Q1 2025. Operating profit was $0.29B, a 15.7% margin (down 1.9 points year over year). Operating profit fell $0.01B even though revenue rose $0.13B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $0.19B, up 3% year over year. The effective tax rate was 15.7%.
Operating cash flow was $0.20B (down 22% year over year), 103% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.15B. After capital expenditures ($0.04B), free cash flow as the company reports it was $0.16B.
Questions
What was Ingersoll Rand's revenue in the first quarter 2026?
Ingersoll Rand (IR) reported revenue of $1.8B for the first quarter 2026 (Q1 2026), +8% from a year earlier and -12% from the quarter before.
Was Ingersoll Rand profitable in the first quarter 2026?
Operating profit was $290M (15.7% of revenue) and net earnings $192M.
Source: Ingersoll Rand 10-Q on SEC EDGAR.