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O-I Glass (OI) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · O-I Glass (OI) Q3 2026 earnings results →

Q3 2026 Revenue down 2% year over year to $1.6B · 0¢ of every $1 of revenue lost · operating margin 2.1%

O-I Glass made $1.6B in Q3 2026 (-2% Y/Y): Reportable Segment Totals $1.6B, Other $19.0M. Operating margin 2.1%, net loss $5.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$1.6B
Year over year-2%
Operating margin2.1%
Net earnings−$5.0M
Operating cash flow$165M

Drawing the Sankey…

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O-I Glass Q3 2026 revenue breakdown: Sankey diagram of revenue (Reportable Segment Totals, Other), costs, profit and cash flow
O-I Glass Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.6B in Q3 2026, down 2% year over year and down 3% from the previous quarter. Americas was the largest line at 60% of revenue. Europe lost $0.05B year over year (down 8%), 180% of the total change.

Gross margin was 12.0%, down 6.1 points from Q3 2025. Operating profit was $0.03B, a 2.1% margin (down 1.4 points year over year). Operating expenses fell 33% while revenue fell 2%. The quarter ended with a net loss of $0.01B, narrower than the previous quarter's $1.0B loss.

Operating cash flow was $0.17B (down 23% year over year). Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $0.08B left free cash flow of $0.08B.

Quarterly history

O-I Glass revenue by quarterO-I Glass revenue by quarter$1.6BQ1 2025$1.7BQ2 2025$1.7BQ3 2025$1.5BQ4 2025$1.5BQ1 2026$1.7BQ2 2026$1.6BQ3 2026
O-I Glass net earnings by quarterO-I Glass net earnings by quarter−$12.0MQ1 2025$1.0MQ2 2025$30.0MQ3 2025−$129MQ4 2025−$71.0MQ1 2026−$965MQ2 2026−$5.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 28, 2026$1.6B-2%2.1%−$5.0M$165M
Q2 202610-QJul 29, 2026$1.7B-2%-49.6%−$965M$94.0M
Q1 202610-QApr 29, 2026$1.5B-2%-3.4%−$71.0M−$294M
Q4 202510-KFeb 12, 2026$1.5B-2%-8.8%−$129M$402M
Q3 202510-QNov 5, 2025$1.7B-2%3.5%$30.0M$214M
Q2 202510-QJul 30, 2025$1.7B-1%0.4%$1.0M$155M
Q1 202510-QApr 30, 2025$1.6B-2%1.1%−$12.0M−$171M

Charts

O-I Glass: revenue growth, year over year and quarter over quarterO-I Glass: revenue growth, year over year and quarter over quarterY/YQ/Q-2%Q1 2025-1%+9%Q2 2025-2%-3%Q3 2025-2%-9%Q4 2025-2%+3%Q1 2026-2%+8%Q2 2026-2%-3%Q3 2026
Latest (Q3 2026): Y/Y -2%, Q/Q -3%.
O-I Glass: where the cash came from (+) and went (−), TTM to Q3 2026O-I Glass: where the cash came from (+) and went (−), TTM to Q3 2026Capital spending−$411MOperating cash flow$367MCash drawn (+) / kept (−)$177MNet borrowing (+) / repaid (−)−$157MAsset & business sales$54.0MBuybacks−$20.0MExchange rates$19.0MPartners−$18.0MOther financing−$13.0MOther investing$2.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
O-I Glass: profit against cash, quarter by quarterO-I Glass: profit against cash, quarter by quarterNet incomeOperating cash flow−$149M$318MQ4 2024−$12.0M−$171MQ1 2025$1.0M$155MQ2 2025$37.0M$214MQ3 2025−$129M$402MQ4 2025−$71.0M−$294MQ1 2026−$965M$94.0MQ2 2026−$5.0M$165MQ3 2026
Latest (Q3 2026): Net income −$5.0M, Operating cash flow $165M.
O-I Glass: diluted shares by fiscal yearO-I Glass: diluted shares by fiscal year159MFY2020160MFY2021159MFY2022155MFY2023155MFY2024154MFY2025
-3.3% since FY2020: buybacks shrank the count.
O-I Glass: long-term debt falling due (FY2025)O-I Glass: long-term debt falling due (FY2025)$66.0M2026$693M2027$781M2028$657M2029$1.1B2030$1.6BLater
Cash $759M, short-term investments —, long-term debt $4.9B at 2025-12-31.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About O-I Glass

O-I Glass, Inc., a Delaware corporation (the “Company”), through its subsidiaries, is the successor to a business established in 1903. The Company is one of the leading manufacturers of glass containers in the world with 64 glass manufacturing plants in 18 countries. It competes in the glass container segment of the rigid packaging market and is the leading glass container manufacturer in most of the countries where it has manufacturing facilities. Beginning in 2024, the Company commenced a strategic review of its global profitability and manufacturing footprint, known as its Fit to Win initiative. This program is focused on the reduction of redundant production capacity and the optimization of its network, as well as streamlining other costs, such as selling, general and administrative expenses. The Fit to Win initiative is expected to last at least through 2026.

In its own words, from its 10-K, filed Feb 12, 2026.

Source: O-I Glass 10-Q on SEC EDGAR · CIK 812074 · Glass Containers

13F: who owns OI and who is buying

Largest holders of OI (13F)Largest holders of OI (13F)Vanguard Group$285MBlackRock$226MAlliancebernstein L.P.$101MVanguard Portfolio Management LLC$100MDimensional Fund Advisors LP$78.4MVanguard Capital Management LLC$63.6MState Street$60.4MUBS Group AG$44.0MArrowstreet Capital, Limited Part…$41.7MGeode Capital Management, LLC$39.4M
Funds' net buying of OI by quarter (13F)Funds' net buying of OI by quarter (13F)$31.8M2024-09−$17.2M2024-12−$1.9M2025-03$41.4M2025-06$14.3M2025-09$93.3M2025-12$10.3M2026-03$36.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on OI

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

中文版:O-I Glass(OI)财报

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