Filing Flows › Mgic Investment (MTG) › Q1 2026
Mgic Investment (MTG) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Mgic Investment (MTG) reported revenue of $297M for the first quarter 2026 (Q1 2026), -3% from a year earlier and -0.5% from the quarter before. Operating margin was 69.6%, net earnings $165M (55.6% of revenue).
Mgic Investment, Q1 2026: revenue $297M (-3% year over year), operating margin 69.6%, net earnings $165M, operating cash flow $76.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $297M | -0.5% | -3% |
| Operating profit | $207M | -3% | -12% |
| Net earnings | $165M | -2% | -11% |
| Operating cash flow | $76.9M | -67% | -66% |
| Free cash flow | $76.7M | -67% | -66% |
What changed
Revenue was $297.1M in Q1 2026, down 3% year over year and down 1% from the previous quarter.
Operating profit was $206.8M, a 69.6% margin (down 7.0 points year over year). Total costs grew 26% against a revenue fall of 3%. Net earnings were $165.3M, down 11% year over year. The effective tax rate was 20.1%.
Operating cash flow was $76.9M (down 66% year over year), 47% of net earnings. Non-cash charges added back $6.4M of share-based compensation. Working capital and other items used $94.8M. Capital expenditures of $184K left free cash flow of $76.7M.
Questions
What was Mgic Investment's revenue in the first quarter 2026?
Mgic Investment (MTG) reported revenue of $297M for the first quarter 2026 (Q1 2026), -3% from a year earlier and -0.5% from the quarter before.
Was Mgic Investment profitable in the first quarter 2026?
Operating profit was $207M (69.6% of revenue) and net earnings $165M.
Source: Mgic Investment 10-Q on SEC EDGAR.