Filing Flows › KBR (KBR) › Q1 2026
KBR (KBR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
KBR (KBR) reported revenue of $1.9B for the first quarter 2026 (Q1 2026), -5% from a year earlier and +2% from the quarter before. Operating margin was 9.4%, net earnings $102M (5.3% of revenue).
KBR, Q1 2026: revenue $1.9B (-5% year over year), operating margin 9.4%, net earnings $102M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +2% | -5% |
| Gross profit | $265M | -9% | -12% |
| Operating profit | $180M | -6% | -11% |
| Net earnings | $102M | -8% | -12% |
| Operating cash flow | $110M | +116% | +12% |
| Free cash flow | $98.0M | +197% | +2% |
What changed
Revenue was $1.9B in Q1 2026, down 5% year over year and up 2% from the previous quarter. MTS was the largest line at 67% of revenue. MTS lost $0.09B year over year (down 6%), 89% of the total change.
Gross margin was 13.8%, down 1.1 points from Q1 2025. Operating profit was $0.18B, a 9.4% margin (down 0.6 points year over year). Operating expenses fell 13% while revenue fell 5%. Net earnings were $0.10B, down 12% year over year. The effective tax rate was 28.4%.
Operating cash flow was $0.11B (up 12% year over year), 109% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization. Working capital and other items used $0.03B. Capital expenditures of $0.01B left free cash flow of $0.10B.
Questions
What was KBR's revenue in the first quarter 2026?
KBR (KBR) reported revenue of $1.9B for the first quarter 2026 (Q1 2026), -5% from a year earlier and +2% from the quarter before.
Was KBR profitable in the first quarter 2026?
Operating profit was $180M (9.4% of revenue) and net earnings $102M.
Source: KBR 10-Q on SEC EDGAR.