Filing Flows › ITT (ITT) › Q1 2026
ITT (ITT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
ITT (ITT) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +33% from a year earlier and +15% from the quarter before. Operating margin was 11.7%, net earnings $78.0M (6.4% of revenue).
ITT, Q1 2026: revenue $1.2B (+33% year over year), operating margin 11.7%, net earnings $78.0M, operating cash flow $39.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +15% | +33% |
| Gross profit | $429M | +19% | +33% |
| Operating profit | $141M | -21% | -6% |
| Net earnings | $78.0M | -41% | -28% |
| Operating cash flow | $39.9M | -82% | -65% |
| Free cash flow | $13.8M | -93% | -82% |
What changed
Revenue was $1.2B in Q1 2026, up 33% year over year and up 15% from the previous quarter. Auto and rail was the largest line at 32% of revenue. Energy added $0.10B year over year (up 84%), 34% of the total change.
Gross margin was 35.4%, unchanged from Q1 2025. Operating profit was $0.14B, a 11.7% margin (down 4.9 points year over year). Operating profit fell $0.01B even though revenue rose $0.30B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 67% against revenue growth of 33%. The fastest-growing cost line was Other operating costs (+91%). Net earnings were $0.08B, down 28% year over year. The effective tax rate was 38.3%.
Operating cash flow was $0.04B (down 65% year over year), 50% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.10B. Capital expenditures of $0.03B left free cash flow of $0.01B.
Questions
What was ITT's revenue in the first quarter 2026?
ITT (ITT) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +33% from a year earlier and +15% from the quarter before.
Was ITT profitable in the first quarter 2026?
Operating profit was $141M (11.7% of revenue) and net earnings $78.0M.
Source: ITT 10-Q on SEC EDGAR.