Dow posts Q1 2026 net loss of $445 million as sales fall 6% to $9.8 billion
Dow Inc. reported a first-quarter 2026 GAAP net loss of $445 million, compared with a $290 million loss a year earlier, on net sales of $9.8 billion, down 6%. Operating EBIT fell $76 million to $154 million, and operating earnings per share were a loss of $0.14 versus earnings of $0.02, with lower prices cited as the main driver. Operating cash flow rose to $1.1 billion, mainly due to a payment received from NOVA Chemicals, while the company paid $252 million in dividends.
Key points
- Net sales were $9.8 billion, down 6% year-over-year; local price fell 7% and volume fell 2%.
- GAAP loss per share was $0.74 versus $0.44 a year earlier; significant items totaled $0.60 per share, including a Sadara guarantee liability adjustment.
- Cash provided by operating activities from continuing operations was $1.1 billion, up $1.0 billion, driven by the NOVA Chemicals payment and working capital improvements.
- Dividends paid to shareholders totaled $252 million in the quarter.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.