Revenue Growth Across the Business
Total revenue grew 11.1% YoY to $1,517M in Q1 FY2026 from $1,365M in the prior-year period, reflecting strong demand in Hubbell's end markets and contributions from recent acquisitions that expanded the asset base by 21.6% YoY.
Margin Expansion Despite Cost Pressures
Gross margin improved 89 basis points to 33.3% while operating margin expanded 52 basis points to 17.4%, demonstrating effective cost management even as cost of revenue rose 9.6% YoY and SG&A expenses increased 13.8% YoY to $241.5M.
Significant Improvement in Operating Cash Flow
Operating cash flow surged 131.6% YoY to $86.6M from $37.4M in Q1 FY2025, reflecting improved working capital management and higher earnings, providing greater financial flexibility for capital allocation.