Filing Flows › Lamb Weston Holdings (LW) › Q1 FY26
Lamb Weston Holdings (LW) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 30, 2025
Lamb Weston Holdings (LW) reported revenue of $1.7B for the first quarter fiscal 2026 (Q1 FY26), +0.3% from a year earlier and -1% from the quarter before. Operating margin was 9.4%, net earnings $64.3M (3.9% of revenue).
Lamb Weston Holdings, Q1 FY26: revenue $1.7B (+0.3% year over year), operating margin 9.4%, net earnings $64.3M, operating cash flow $352M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | -1% | +0.3% |
| Gross profit | $342M | 0% | -4% |
| Operating profit | $156M | -16% | -26% |
| Net earnings | $64.3M | -46% | -50% |
| Operating cash flow | $352M | -8% | +7% |
| Free cash flow | $274M | -7% | 64× |
What changed
Revenue was $1.7B in Q1 FY26, roughly flat year over year and down 1% from the previous quarter.
Gross margin was 20.6%, down 0.9 points from a year earlier. Operating profit was $0.16B, a 9.4% margin (down 3.4 points year over year). Operating profit fell $0.06B even though revenue rose $0.01B versus a year earlier, so costs grew faster than sales. Operating expenses grew 29% against flat revenue. Net earnings were $0.06B, down 50% year over year. The effective tax rate was 42.7%.
Operating cash flow was $0.35B (up 7% year over year), 547% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.18B. Capital expenditures of $0.08B left free cash flow of $0.27B.
Questions
What was Lamb Weston Holdings' revenue in the first quarter fiscal 2026?
Lamb Weston Holdings (LW) reported revenue of $1.7B for the first quarter fiscal 2026 (Q1 FY26), +0.3% from a year earlier and -1% from the quarter before.
Was Lamb Weston Holdings profitable in the first quarter fiscal 2026?
Operating profit was $156M (9.4% of revenue) and net earnings $64.3M.