XYZ Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-31), XYZ reported revenue of $6.1B, gross profit of $2.9B (48.0% gross margin), operating income of −$172M, and net income of −$309M (-5.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
XYZ reported a net loss; revenue fell 3.1% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −3.1% | −366.7% | −6.9 pp |
Consensus estimate data is not available for this report.
XYZ Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $6.1B | 100% |
| Cost of Revenue | −$3.1B | 52.0% |
| Gross Profit | $2.9B | 48.0% |
| Research & Development | −$1.0B | 17.2% |
| Selling, General & Administrative | −$1.5B | 24.9% |
| Other Operating Expenses | −$534M | 8.8% |
| Operating Income | −$172M | -2.8% |
| Interest Expense | −$53M | 0.9% |
| Other Income, net | −$5M | 0.1% |
| Income Tax Expense | $84M | 1.4% |
| Net Income | −$309M | -5.1% |
Source: XYZ filings on SEC EDGAR (period ended 2026-03-31). Data normalized by EarningsFyi.