Filing Flows › Lear (LEA) › Q1 2026
Lear (LEA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Lear (LEA) reported revenue of $5.8B for the first quarter 2026 (Q1 2026), +5% from a year earlier and -3% from the quarter before. Operating margin was 4.4%, net earnings $172M (3.0% of revenue).
Lear, Q1 2026: revenue $5.8B (+5% year over year), operating margin 4.4%, net earnings $172M, operating cash flow $98.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.8B | -3% | +5% |
| Gross profit | $450M | +32% | +25% |
| Operating profit | $255M | +64% | +40% |
| Net earnings | $172M | +108% | +114% |
| Operating cash flow | $98.1M | -79% | — |
What changed
Revenue was $5.8B in Q1 2026, up 5% year over year and down 3% from the previous quarter. Seating was the largest line at 76% of revenue. Seating added $0.25B year over year (up 6%), 96% of the total change.
Gross margin was 7.7%, up 1.3 points from Q1 2025. Operating profit was $0.26B, a 4.4% margin (up 1.1 points year over year). Of the extra revenue versus Q1 2025, 28% reached operating profit, above the 3% margin then. Operating expenses grew 10% against revenue growth of 5%. The fastest-growing cost line was SG&A (+10%). Net earnings were $0.17B, up 114% year over year. The effective tax rate was 16.6%.
Operating cash flow was $0.10B, 51% of net income including minority interests. Non-cash charges added back $0.15B of depreciation and amortization. Working capital and other items used $0.24B. Capital expenditures of $0.12B exceeded it, leaving free cash flow of −$0.03B.
Questions
What was Lear's revenue in the first quarter 2026?
Lear (LEA) reported revenue of $5.8B for the first quarter 2026 (Q1 2026), +5% from a year earlier and -3% from the quarter before.
Was Lear profitable in the first quarter 2026?
Operating profit was $255M (4.4% of revenue) and net earnings $172M.
Source: Lear 10-Q on SEC EDGAR.