Filing Flows › Perrigo (PRGO) › Q1 2026
Perrigo (PRGO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Perrigo (PRGO) reported revenue of $969M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -13% from the quarter before. Operating margin was -38.4%, net loss $399M (41.1% of revenue).
Perrigo, Q1 2026: revenue $969M (-7% year over year), operating margin -38.4%, net loss $399M, operating cash flow −$114M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $969M | -13% | -7% |
| Operating profit | −$372M | — | -894% |
| Net earnings | −$399M | — | — |
| Operating cash flow | −$114M | -165% | — |
What changed
Revenue was $969.2M in Q1 2026, down 7% year over year and down 13% from the previous quarter.
Gross margin was 33.6%, down 4.0 points from Q1 2025. Operating costs exceeded revenue by $372.3M, an operating margin of -38.4%. Operating expenses grew 102% against a revenue fall of 7%. The fastest-growing cost line was Other operating costs (+611%). The quarter ended with a net loss of $398.6M, narrower than the previous quarter's $1,418.1M loss.
Operating cash flow was −$113.6M. Non-cash charges added back $83.3M of depreciation and amortization and $14.4M of share-based compensation. Working capital and other items added $187.3M. Capital expenditures of $13.8M exceeded it, leaving free cash flow of −$127.4M.
Questions
What was Perrigo's revenue in the first quarter 2026?
Perrigo (PRGO) reported revenue of $969M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -13% from the quarter before.
Was Perrigo profitable in the first quarter 2026?
Operating loss was $372M (-38.4% of revenue) and net loss $399M.
Source: Perrigo 10-Q on SEC EDGAR.