Filing Flows › Teva Pharmaceutical Industries (TEVA) › Q1 2026
Teva Pharmaceutical Industries (TEVA) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Teva Pharmaceutical Industries (TEVA) reported revenue of $4.0B for the first quarter 2026 (Q1 2026), +2% from a year earlier and -15% from the quarter before. Operating margin was 16.4%, net earnings $369M (9.3% of revenue).
Teva Pharmaceutical Industries, Q1 2026: revenue $4.0B (+2% year over year), operating margin 16.4%, net earnings $369M, operating cash flow −$40.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | -15% | +2% |
| Gross profit | $2.0B | -26% | +5% |
| Operating profit | $652M | +117% | +26% |
| Net earnings | $369M | -23% | +68% |
| Operating cash flow | −$40.0M | -103% | — |
What changed
Revenue was $4.0B in Q1 2026, up 2% year over year and down 15% from the previous quarter. Product was the largest line at 85% of revenue. Product and Service Other added $0.08B year over year (up 107%), 89% of the total change.
Gross margin was 49.5%, up 1.3 points from Q1 2025. Operating profit was $0.65B, a 16.4% margin (up 3.0 points year over year). Of the extra revenue versus Q1 2025, 146% reached operating profit, above the 13% margin then. Operating expenses fell 3% while revenue rose 2%. The fastest-growing cost line was Sales & marketing (+12%). Net earnings were $0.37B, up 72% year over year. The effective tax rate was 15.3%.
Operating cash flow was −$0.04B. Non-cash charges added back $0.24B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.69B. Capital expenditures of $0.17B exceeded it, leaving free cash flow of −$0.21B.
Questions
What was Teva Pharmaceutical Industries' revenue in the first quarter 2026?
Teva Pharmaceutical Industries (TEVA) reported revenue of $4.0B for the first quarter 2026 (Q1 2026), +2% from a year earlier and -15% from the quarter before.
Was Teva Pharmaceutical Industries profitable in the first quarter 2026?
Operating profit was $652M (16.4% of revenue) and net earnings $369M.