Filing Flows › O-I Glass (OI) › Q1 2026
O-I Glass (OI) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
O-I Glass (OI) reported revenue of $1.5B for the first quarter 2026 (Q1 2026), -2% from a year earlier and +3% from the quarter before. Operating margin was -3.4%, net loss $71.0M (4.6% of revenue).
O-I Glass, Q1 2026: revenue $1.5B (-2% year over year), operating margin -3.4%, net loss $71.0M, operating cash flow −$294M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +3% | -2% |
| Operating profit | −$53.0M | — | -394% |
| Net earnings | −$71.0M | — | — |
| Operating cash flow | −$294M | -173% | — |
What changed
Revenue was $1.5B in Q1 2026, down 2% year over year and up 3% from the previous quarter. Americas was the largest line at 57% of revenue. Other lost $0.01B year over year (down 48%), 48% of the total change.
Gross margin was 12.9%, down 4.9 points from Q1 2025. Operating costs exceeded revenue by $0.05B, an operating margin of -3.4%. Operating expenses fell 4% while revenue fell 2%. The quarter ended with a net loss of $0.07B, narrower than the previous quarter's $0.13B loss.
Operating cash flow was −$0.29B. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.34B. Capital expenditures of $0.14B exceeded it, leaving free cash flow of −$0.44B.
Questions
What was O-I Glass' revenue in the first quarter 2026?
O-I Glass (OI) reported revenue of $1.5B for the first quarter 2026 (Q1 2026), -2% from a year earlier and +3% from the quarter before.
Was O-I Glass profitable in the first quarter 2026?
Operating loss was $53.0M (-3.4% of revenue) and net loss $71.0M.
Source: O-I Glass 10-Q on SEC EDGAR.