Filing Flows › Owens Corning (OC) › Q1 2026
Owens Corning (OC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Owens Corning (OC) reported revenue of $2.3B for the first quarter 2026 (Q1 2026), -10% from a year earlier and +6% from the quarter before. Operating margin was 5.3%, net loss $104M (4.6% of revenue).
Owens Corning, Q1 2026: revenue $2.3B (-10% year over year), operating margin 5.3%, net loss $104M, operating cash flow −$154M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | +6% | -10% |
| Operating profit | $120M | — | -71% |
| Net earnings | −$104M | — | — |
| Operating cash flow | −$154M | -126% | — |
What changed
Revenue was $2.3B in Q1 2026, down 10% year over year and up 6% from the previous quarter.
Gross margin was 22.5%, down 6.1 points from Q1 2025. Operating profit was $0.12B, a 5.3% margin (down 10.8 points year over year). Operating expenses grew 23% against a revenue fall of 10%. The fastest-growing cost line was Other operating costs (+332%). The quarter ended with a net loss of $0.10B, narrower than the previous quarter's $0.30B loss. Net interest and other expense of $0.21B was the main reason.
Operating cash flow was −$0.15B. Non-cash charges added back $0.17B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.24B. Capital expenditures of $0.23B exceeded it, leaving free cash flow of −$0.39B.
Questions
What was Owens Corning's revenue in the first quarter 2026?
Owens Corning (OC) reported revenue of $2.3B for the first quarter 2026 (Q1 2026), -10% from a year earlier and +6% from the quarter before.
Was Owens Corning profitable in the first quarter 2026?
Operating profit was $120M (5.3% of revenue) and net loss $104M.
Source: Owens Corning 10-Q on SEC EDGAR.