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Gates Industrial Corporation GTES Q1 2026 earnings

Reported May 1, 2026 · Before market open

Revenue$851.1MMiss by $8.6M
EPS$0.35Beat by $0.03
Revenue estimate$859.7M
EPS estimate$0.32

Next report

Oct 30, 2026 (in a month)
Revenue estimate$905.4M
EPS estimate$0.44

Financials

Q1 2026

Income statement

See full
Revenue$851.1M+0.4%
Gross profit$338.0M-1.9%
Operating income$109.9M-12.6%
Net income$59.7M-3.7%
EPS (diluted)$0.23-4.2%

Balance sheet

See full
Cash & equivalents$788.2M+22.6%
Total debt$2.2B-4.8%
Total equity$3.4B+8.5%
Total assets$7.1B+3.3%

Cash flow

See full
Operating cash flow$30.2M+314%
CapEx$16.7M-4.6%
Free cash flow$13.5M+232%

Valuation & ratios

Valuation

as of 03/28/26
See full
Market cap$5.74B+22.1%
Enterprise value$7.18B+12.2%
P/E23×+1.4×
P/S1.7×+0.3×

Profitability

See full
Gross margin39.6%-0.9pp
Operating margin13%-1.2pp
Net margin7.2%+0.8pp
FCF margin12.4%+2.9pp

Returns & leverage

See full
Return on equity7.7%+0.8pp
Debt / equity0.7×-0.1×
Current ratio3.7×+0.3×

Segments

By segment

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Power Transmission$533.2M+1.1%
Fluid Power$317.9M-0.8%

By geography

See full
Americas, excluding the U.S.$130.8M—
APAC, excluding China$92.3M—

By product

See full
Replacement$579.7M+0.6%
OEM$271.4M-0.1%

FAQ

When did Gates Industrial Corporation report Q1 2026 earnings?
Gates Industrial Corporation (GTES) reported Q1 2026 earnings on May 1, 2026 before market open.
What were Gates Industrial Corporation's Q1 2026 revenue and EPS?
Gates Industrial Corporation reported revenue of $851.1M and eps of $0.35 for Q1 2026.
Did Gates Industrial Corporation beat estimates in Q1 2026?
Revenue missed the consensus estimate of $859.7M by $8.6M. EPS beat the consensus estimate of $0.32 by $0.03.
How did Gates Industrial Corporation's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.4% from $847.6M a year earlier and eps declined 2.8% from $0.36.
Where can I find Gates Industrial Corporation's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-029104) and the 10-Q periodic report (0001628280-26-029351) directly on SEC EDGAR. The filing index links above go to sec.gov.