Filing Flows › Roku (ROKU) › Q1 2026
Roku (ROKU) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Roku (ROKU) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +22% from a year earlier and -10% from the quarter before. Operating margin was 4.1%, net earnings $85.7M (6.9% of revenue).
Roku, Q1 2026: revenue $1.2B (+22% year over year), operating margin 4.1%, net earnings $85.7M, operating cash flow $199M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -10% | +22% |
| Gross profit | $565M | -7% | +27% |
| Operating profit | $51.8M | -22% | — |
| Net earnings | $85.7M | +6% | — |
| Operating cash flow | $199M | +85% | +44% |
| Free cash flow | $196M | +84% | +43% |
What changed
Revenue was $1.2B in Q1 2026, up 22% year over year and down 10% from the previous quarter.
Gross margin was 45.2%, up 1.6 points from Q1 2025. Operating profit was $0.05B, a 4.1% margin (up 9.8 points year over year). Operating expenses grew 2% against revenue growth of 22%. Net earnings were $0.09B. The effective tax rate was 3.3%. Non-operating items added $0.04B, 42% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.20B (up 44% year over year), 232% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $3.1M left free cash flow of $0.20B.
Questions
What was Roku's revenue in the first quarter 2026?
Roku (ROKU) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +22% from a year earlier and -10% from the quarter before.
Was Roku profitable in the first quarter 2026?
Operating profit was $51.8M (4.1% of revenue) and net earnings $85.7M.
Source: Roku 10-Q on SEC EDGAR.