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Sinclair (SBGI) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 6, 2026

Sinclair (SBGI) reported revenue of $807M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -3% from the quarter before. Operating margin was 3.3%, net earnings $21.0M (2.6% of revenue).

Revenue$807M
Year over year+4%
Quarter over quarter-3%
Operating margin3.3%
Net earnings$21.0M

Sinclair, Q1 2026: revenue $807M (+4% year over year), operating margin 3.3%, net earnings $21.0M, operating cash flow $43.0M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$807M-3%+4%
Operating profit$27.0M-66%+93%
Net earnings$21.0M-81%—
Operating cash flow$43.0M-56%+760%
Free cash flow$28.0M-65%—

What changed

Revenue was $807.0M in Q1 2026, up 4% year over year and down 3% from the previous quarter.

Operating profit was $27.0M, a 3.3% margin (up 1.5 points year over year). Of the extra revenue versus Q1 2025, 42% reached operating profit, above the 2% margin then. Total costs grew 2% against revenue growth of 4%. The fastest-growing cost line was SG&A (+11%). Net earnings were $20.0M.

Operating cash flow was $43.0M (up 760% year over year), 205% of net income including minority interests. Non-cash charges added back $65.0M of depreciation and amortization and $21.0M of share-based compensation. Working capital and other items used $64.0M. Capital expenditures of $15.0M left free cash flow of $28.0M.

Questions

What was Sinclair's revenue in the first quarter 2026?

Sinclair (SBGI) reported revenue of $807M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -3% from the quarter before.

Was Sinclair profitable in the first quarter 2026?

Operating profit was $27.0M (3.3% of revenue) and net earnings $21.0M.

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Source: Sinclair 10-Q on SEC EDGAR.