Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
SRE reported Q1 FY2026 net income of $1.04B (+13.1% YoY) on revenue of $3.43B (-6.9% YoY), with strong operating cash flow of $1.81B and a significant balance sheet expansion driven by a surge in current assets.
Revenue
$3.43B
-6.87% YoY
EPS (Diluted)
$1.58
+13.67% YoY
Source: SEC XBRL
Sempra (SRE) reported Q1 FY2026 revenue of $3.43B, down 6.9% year over year. Operating cash flow was $1.81B, up 22.1% year over year. SRE's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.16 | 1.07 | Beat +8.5% |
| Mar 2026This filing | 1.51 | 1.53 | Miss -1.4% |
| Dec 2025 | 1.28 | 1.18 | Beat +8.2% |
| Sep 2025 | 1.11 | 0.92 | Beat +20.5% |
Adjusted (non-GAAP) EPS of $1.51 versus the $1.53 analyst consensus — a -1.4% miss for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.58.
Compiled by AI from this SEC filing
Revenue fell 6.9% YoY to $3.43B in Q1 FY2026 from $3.68B in the prior-year period, yet net income rose 13.1% to $1.04B, suggesting meaningful improvement in cost efficiency or favorable non-operating items driving margin expansion.
Source: 10-Q Income Statement
Operating cash flow increased 22.1% YoY to $1.81B, significantly outpacing net income growth of 13.1%, indicating high-quality earnings and solid cash conversion from core utility operations.
Source: 10-Q Cash Flow Statement
Total assets grew 14.7% YoY to $113.5B, while current assets surged 539.1% to $36.2B from $5.67B, likely reflecting a major reclassification or acquisition-related asset additions that materially changed the balance sheet composition.
Source: 10-Q Balance Sheet
Investing cash outflows rose 18.9% YoY to -$3.31B, consistent with SRE's ongoing capital expenditure programs in regulated utility infrastructure, while financing cash inflows increased 29.5% to $1.91B, suggesting additional debt or equity issuances to fund growth.
Source: 10-Q Cash Flow Statement
Basic EPS rose 14.4% YoY to $1.59 and diluted EPS increased 13.7% to $1.58, outpacing revenue trends and reflecting improved net margins of approximately 30.3% compared to roughly 24.9% in the prior-year period.
Source: 10-Q Income Statement
Compiled by AI from this SEC filing · 2 high, 2 medium, 1 low
As a regulated utility, SRE's revenues and returns are subject to approval by state and federal regulators. Adverse rate case outcomes or regulatory disallowances could materially reduce allowed returns on equity and compress profitability. This risk is heightened given the company's large and growing asset base of $113.5B.
Source: 10-Q Balance Sheet & Income Statement
Cash and equivalents declined 54.3% YoY to $794M, while current liabilities more than doubled to $21.4B, resulting in a current ratio of 1.69. The dramatic increase in current liabilities relative to available cash raises questions about near-term refinancing needs and liquidity management.
Source: 10-Q Balance Sheet
Investing cash outflows of -$3.31B in Q1 FY2026 alone reflect the capital-intensive nature of SRE's utility business. Sustained high capex requires continuous access to debt and equity markets, exposing the company to interest rate and financing risk, particularly in a higher-rate environment.
Source: 10-Q Cash Flow Statement
The extraordinary 539.1% surge in current assets to $36.2B from $5.67B in the prior year suggests a significant reclassification, asset sale pending, or acquisition-related change. If this reflects assets held for sale or a pending transaction, execution risk and potential valuation adjustments could impact future results.
Source: 10-Q Balance Sheet
Share repurchases declined 64.9% YoY to just $20M in Q1 FY2026, suggesting the company is prioritizing capital deployment toward infrastructure investment over returning cash to shareholders. This may signal tighter financial flexibility in the near term.
Source: 10-Q Cash Flow Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 3.43 $B | 3.68 $B | -6.87% |
Net Income $B | 1.04 $B | 0.92 $B | +13.09% |
EPS (Basic) $ | 1.59 $ | 1.39 $ | +14.39% |
EPS (Diluted) $ | 1.58 $ | 1.39 $ | +13.67% |
Answers draw on this SEC filing and the data on this page
Sempra's Q2 2026 earnings surged 73% to $796 million, fueled by a rate surcharge at Oncor, commodity derivative gains, and tax benefits from held-for-sale classifications of SI Partners and Ecogas.
SRE (Sempra) reported FY2025 revenue of $13.70B (+3.9% YoY) but net income fell sharply to $1.84B (-35.8% YoY), reflecting significant cost pressures and investment activity even as the company aggressively expanded its asset base by 15.3%.
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