Filing Flows › Westlake (WLK) › Q1 2026
Westlake (WLK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Westlake (WLK) reported revenue of $2.7B for the first quarter 2026 (Q1 2026), -7% from a year earlier and +5% from the quarter before. Operating margin was -6.5%, net loss $157M (5.9% of revenue).
Westlake, Q1 2026: revenue $2.7B (-7% year over year), operating margin -6.5%, net loss $157M, operating cash flow −$94.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +5% | -7% |
| Operating profit | −$172M | — | — |
| Net earnings | −$157M | — | — |
| Operating cash flow | −$94.0M | -142% | — |
What changed
Revenue was $2.7B in Q1 2026, down 7% year over year and up 5% from the previous quarter.
Gross margin was 4.2%, down 3.9 points from Q1 2025. Operating costs exceeded revenue by $0.17B, an operating margin of -6.5%. Operating expenses grew 8% against a revenue fall of 7%. The fastest-growing cost line was Other operating costs (+30%). The quarter ended with a net loss of $0.16B, narrower than the previous quarter's $0.53B loss.
Operating cash flow was −$0.09B. Non-cash charges added back $0.28B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.23B. Capital expenditures of $0.21B exceeded it, leaving free cash flow of −$0.30B.
Questions
What was Westlake's revenue in the first quarter 2026?
Westlake (WLK) reported revenue of $2.7B for the first quarter 2026 (Q1 2026), -7% from a year earlier and +5% from the quarter before.
Was Westlake profitable in the first quarter 2026?
Operating loss was $172M (-6.5% of revenue) and net loss $157M.
Source: Westlake 10-Q on SEC EDGAR.