Filing Flows › nVent Electric (NVT) › Q1 2026
nVent Electric (NVT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
nVent Electric (NVT) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +53% from a year earlier and +16% from the quarter before. Operating margin was 15.8%, net earnings $142M (11.5% of revenue).
nVent Electric, Q1 2026: revenue $1.2B (+54% year over year), operating margin 15.8%, net earnings $142M, operating cash flow $85.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +16% | +53% |
| Gross profit | $446M | +15% | +42% |
| Operating profit | $196M | +19% | +51% |
| Net earnings | $142M | +20% | -61% |
| Operating cash flow | $85.2M | -58% | +42% |
| Free cash flow | $49.1M | -70% | +26% |
What changed
Revenue was $1.2B in Q1 2026, up 53% year over year and up 16% from the previous quarter. Systems Protection was the largest line at 72% of revenue. Systems Protection added $0.39B year over year (up 76%), 89% of the total change.
Gross margin was 35.9%, down 2.9 points from Q1 2025. Operating profit was $0.20B, a 15.8% margin (down 0.3 points year over year). Of the extra revenue versus Q1 2025, 15% reached operating profit, below the 16% margin then. Operating expenses grew 36% against revenue growth of 53%. The fastest-growing cost line was SG&A (+37%). Net earnings were $0.14B, down 61% year over year. The effective tax rate was 20.4%.
Operating cash flow was $0.09B (up 42% year over year), 60% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.13B. Capital expenditures of $0.04B left free cash flow of $0.05B.
Questions
What was nVent Electric's revenue in the first quarter 2026?
nVent Electric (NVT) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +53% from a year earlier and +16% from the quarter before.
Was nVent Electric profitable in the first quarter 2026?
Operating profit was $196M (15.8% of revenue) and net earnings $142M.
Source: nVent Electric 10-Q on SEC EDGAR.