Filing Flows › Lithia Motors (LAD) › Q1 2026
Lithia Motors (LAD) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Lithia Motors (LAD) reported revenue of $9.3B for the first quarter 2026 (Q1 2026), +1% from a year earlier and +0.8% from the quarter before. Operating margin was 3.6%, net earnings $102M (1.1% of revenue).
Lithia Motors, Q1 2026: revenue $9.3B (+1% year over year), operating margin 3.6%, net earnings $102M, operating cash flow −$108M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.3B | +0.8% | +1% |
| Gross profit | $1.4B | +4% | +0.8% |
| Operating profit | $336M | -2% | -17% |
| Net earnings | $102M | -26% | -52% |
| Operating cash flow | −$108M | -188% | -134% |
What changed
Revenue was $9.3B in Q1 2026, up 1% year over year and up 1% from the previous quarter. New vehicle was the largest line at 47% of revenue. Used vehicles added $0.24B year over year (up 7%), 257% of the total change. New vehicle declined 4%.
Gross margin was 15.3%, unchanged from Q1 2025. Operating profit was $0.34B, a 3.6% margin (down 0.8 points year over year). Operating profit fell $0.07B even though revenue rose $0.09B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 8% against revenue growth of 1%. Net earnings were $0.10B, down 52% year over year. The effective tax rate was 28.2%.
Operating cash flow was −$0.11B. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.31B. Capital expenditures of $0.10B exceeded it, leaving free cash flow of −$0.21B.
Questions
What was Lithia Motors' revenue in the first quarter 2026?
Lithia Motors (LAD) reported revenue of $9.3B for the first quarter 2026 (Q1 2026), +1% from a year earlier and +0.8% from the quarter before.
Was Lithia Motors profitable in the first quarter 2026?
Operating profit was $336M (3.6% of revenue) and net earnings $102M.
Source: Lithia Motors 10-Q on SEC EDGAR.