Filing Flows › O-I Glass (OI) › Q2 2026
O-I Glass (OI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
O-I Glass (OI) reported revenue of $1.7B for the second quarter 2026 (Q2 2026), -2% from a year earlier and +8% from the quarter before. Operating margin was -49.6%, net loss $965M (57.9% of revenue).
O-I Glass, Q2 2026: revenue $1.7B (-2% year over year), operating margin -49.6%, net loss $965M, operating cash flow $94.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +8% | -2% |
| Operating profit | −$827M | — | -11914% |
| Net earnings | −$965M | — | -96600% |
| Operating cash flow | $94.0M | — | -39% |
What changed
Revenue was $1.7B in Q2 2026, down 2% year over year and up 8% from the previous quarter. Americas was the largest line at 57% of revenue. Europe lost $0.04B year over year (down 5%), 97% of the total change.
Gross margin was 12.8%, down 4.7 points from Q2 2025. Operating costs exceeded revenue by $0.83B, an operating margin of -49.6%. Operating expenses grew 257% against a revenue fall of 2%. The fastest-growing cost line was Other operating costs (+447%). The quarter ended with a net loss of $1.0B, wider than the previous quarter's $0.07B loss.
Operating cash flow was $0.09B (down 39% year over year). Non-cash charges added back $0.12B of depreciation and amortization. Working capital and other items added $0.94B. Capital expenditures of $0.10B exceeded it, leaving free cash flow of −$1.0M.
Questions
What was O-I Glass' revenue in the second quarter 2026?
O-I Glass (OI) reported revenue of $1.7B for the second quarter 2026 (Q2 2026), -2% from a year earlier and +8% from the quarter before.
Was O-I Glass profitable in the second quarter 2026?
Operating loss was $827M (-49.6% of revenue) and net loss $965M.
Source: O-I Glass 10-Q on SEC EDGAR.