Filing Flows › Linde (LIN) › Q1 2026
Linde (LIN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Linde (LIN) reported revenue of $8.8B for the first quarter 2026 (Q1 2026), +8% from a year earlier and +0.2% from the quarter before. Operating margin was 27.8%, net earnings $1.9B (21.1% of revenue).
Linde, Q1 2026: revenue $8.8B (+8% year over year), operating margin 27.8%, net earnings $1.9B, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.8B | +0.2% | +8% |
| Operating profit | $2.4B | +21% | +12% |
| Net earnings | $1.9B | +21% | +11% |
| Operating cash flow | $2.2B | -26% | +4% |
| Free cash flow | $898M | — | +0.8% |
What changed
Revenue was $8.8B in Q1 2026, up 8% year over year and roughly flat from the previous quarter. Americas was the largest line at 46% of revenue. Americas added $0.36B year over year (up 10%), 54% of the total change. Engineering declined 8%.
Operating profit was $2.4B, a 27.8% margin (up 0.9 points year over year). Of the extra revenue versus Q1 2025, 38% reached operating profit, above the 27% margin then. Total costs grew 7% against revenue growth of 8%. The fastest-growing cost line was SG&A (+14%). Net earnings were $1.9B, up 11% year over year. The effective tax rate was 23.1%.
Operating cash flow was $2.2B (up 4% year over year), 118% of net income including minority interests. Non-cash charges added back $1.0B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.65B. After capital Expenditures ($1.3B), free cash flow as the company reports it was $0.90B.
Questions
What was Linde's revenue in the first quarter 2026?
Linde (LIN) reported revenue of $8.8B for the first quarter 2026 (Q1 2026), +8% from a year earlier and +0.2% from the quarter before.
Was Linde profitable in the first quarter 2026?
Operating profit was $2.4B (27.8% of revenue) and net earnings $1.9B.
Source: Linde 10-Q on SEC EDGAR.