Filing Flows › Kenvue (KVUE) › Q1 2026
Kenvue (KVUE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Kenvue (KVUE) reported revenue of $3.9B for the first quarter 2026 (Q1 2026), +4% from a year earlier and +3% from the quarter before. Operating margin was 19.6%, net earnings $474M (12.1% of revenue).
Kenvue, Q1 2026: revenue $3.9B (+4% year over year), operating margin 19.6%, net earnings $474M, operating cash flow $489M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | +3% | +4% |
| Gross profit | $2.3B | +8% | +6% |
| Operating profit | $767M | +43% | +37% |
| Net earnings | $474M | +44% | +47% |
| Operating cash flow | $489M | -43% | +14% |
| Free cash flow | $350M | -53% | +41% |
What changed
Revenue was $3.9B in Q1 2026, up 4% year over year and up 3% from the previous quarter. Self Care was the largest line at 43% of revenue. Skin Health and Beauty added $0.08B year over year (up 8%), 49% of the total change.
Gross margin was 58.9%, up 0.9 points from Q1 2025. Operating profit was $0.77B, a 19.6% margin (up 4.7 points year over year). Of the extra revenue versus Q1 2025, 124% reached operating profit, above the 15% margin then. Operating expenses fell 5% while revenue rose 4%. Net earnings were $0.47B, up 47% year over year. The effective tax rate was 29.5%.
Operating cash flow was $0.49B (up 14% year over year), 103% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.16B. Capital expenditures of $0.14B left free cash flow of $0.35B.
Questions
What was Kenvue's revenue in the first quarter 2026?
Kenvue (KVUE) reported revenue of $3.9B for the first quarter 2026 (Q1 2026), +4% from a year earlier and +3% from the quarter before.
Was Kenvue profitable in the first quarter 2026?
Operating profit was $767M (19.6% of revenue) and net earnings $474M.
Source: Kenvue 10-Q on SEC EDGAR.