Filing Flows › LivaNova (LIVN) › Q1 2026
LivaNova (LIVN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
LivaNova (LIVN) reported revenue of $362M for the first quarter 2026 (Q1 2026), +14% from a year earlier and +0.4% from the quarter before. Operating margin was 11.4%, net earnings $22.3M (6.2% of revenue).
LivaNova, Q1 2026: revenue $362M (+14% year over year), operating margin 11.4%, net earnings $22.3M, operating cash flow $15.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $362M | +0.4% | +14% |
| Gross profit | $244M | +2% | +13% |
| Operating profit | $41.5M | -3% | -15% |
| Net earnings | $22.3M | -28% | — |
| Operating cash flow | $15.2M | -82% | -37% |
| Free cash flow | $3.7M | — | — |
What changed
Revenue was $362.3M in Q1 2026, up 14% year over year and roughly flat from the previous quarter.
Gross margin was 67.3%, down 1.0 points from Q1 2025. Operating profit was $41.5M, a 11.4% margin (down 3.9 points year over year). Operating profit fell $7.1M even though revenue rose $45.4M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 21% against revenue growth of 14%. The fastest-growing cost line was Research & development (+55%). Net earnings were $22.3M. The effective tax rate was 16.3%.
Operating cash flow was $15.2M (down 37% year over year), 68% of net earnings. Non-cash charges added back $12.9M of depreciation and amortization and $8.3M of share-based compensation. Working capital and other items used $28.2M. After purchases of plant, property, and equipment, net ($11.5M), adjusted free cash flow as the company reports it was $3.7M.
Questions
What was LivaNova's revenue in the first quarter 2026?
LivaNova (LIVN) reported revenue of $362M for the first quarter 2026 (Q1 2026), +14% from a year earlier and +0.4% from the quarter before.
Was LivaNova profitable in the first quarter 2026?
Operating profit was $41.5M (11.4% of revenue) and net earnings $22.3M.
Source: LivaNova 10-Q on SEC EDGAR.