Filing Flows › Quad/Graphics (QUAD) › Q1 2026
Quad/Graphics (QUAD) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Quad/Graphics (QUAD) reported revenue of $581M for the first quarter 2026 (Q1 2026), -8% from a year earlier. Operating margin was 3.0%, net earnings $6.2M (1.1% of revenue).
Quad/Graphics, Q1 2026: revenue $581M (-8% year over year), operating margin 3.0%, net earnings $6.2M, operating cash flow −$93.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $581M | — | -8% |
| Operating profit | $17.7M | — | -10% |
| Net earnings | $6.2M | — | +7% |
| Operating cash flow | −$93.7M | — | — |
What changed
Revenue was $581.0M in Q1 2026, down 8% year over year. Catalog, publications, retail inserts and directories was the largest line at 51% of revenue. Catalog, publications, retail inserts and directories lost $37.1M year over year (down 11%), 77% of the total change.
Operating profit was $17.7M, a 3.0% margin (down 0.1 points year over year). Total costs fell 8% while revenue fell 8%. Net earnings were $6.2M, up 7% year over year. The effective tax rate was 21.5%.
Operating cash flow was −$93.7M. Non-cash charges added back $18.4M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $119.6M. Capital expenditures of $13.3M exceeded it, leaving free cash flow of −$107.0M.
Questions
What was Quad/Graphics' revenue in the first quarter 2026?
Quad/Graphics (QUAD) reported revenue of $581M for the first quarter 2026 (Q1 2026), -8% from a year earlier.
Was Quad/Graphics profitable in the first quarter 2026?
Operating profit was $17.7M (3.0% of revenue) and net earnings $6.2M.
Source: Quad/Graphics 10-Q on SEC EDGAR.