Filing Flows › Integer Holdings (ITGR) › Q1 2026
Integer Holdings (ITGR) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Integer Holdings (ITGR) reported revenue of $440M for the first quarter 2026 (Q1 2026), +0.5% from a year earlier and -7% from the quarter before. Operating margin was 7.2%, net earnings $16.5M (3.8% of revenue).
Integer Holdings, Q1 2026: revenue $440M (+0.5% year over year), operating margin 7.2%, net earnings $16.5M, operating cash flow $24.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $440M | -7% | +0.5% |
| Gross profit | $110M | -12% | -9% |
| Operating profit | $31.9M | -43% | -36% |
| Net earnings | $16.5M | -66% | — |
| Operating cash flow | $24.7M | -55% | -21% |
| Free cash flow | $737K | -97% | -88% |
What changed
Revenue was $439.6M in Q1 2026, up 1% year over year and down 7% from the previous quarter. Cardio & Vascular was the largest line at 60% of revenue. Cardiac Rhythm Management & Neuromodulation added $7.9M year over year (up 5%), 362% of the total change. Other Markets declined 47%.
Gross margin was 24.9%, down 2.6 points from Q1 2025. Operating profit was $31.9M, a 7.2% margin (down 4.1 points year over year). Operating profit fell $17.7M even though revenue rose $2.2M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 10% against revenue growth of 1%. The fastest-growing cost line was SG&A (+15%). Net earnings were $16.5M. The effective tax rate was 18.9%.
Operating cash flow was $24.7M (down 21% year over year), 150% of net earnings. Non-cash charges added back $35.0M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items used $33.5M. Capital expenditures of $24.0M left free cash flow of $737K.
Questions
What was Integer Holdings' revenue in the first quarter 2026?
Integer Holdings (ITGR) reported revenue of $440M for the first quarter 2026 (Q1 2026), +0.5% from a year earlier and -7% from the quarter before.
Was Integer Holdings profitable in the first quarter 2026?
Operating profit was $31.9M (7.2% of revenue) and net earnings $16.5M.
Source: Integer Holdings 10-Q on SEC EDGAR.