Smurfit Westrock (SW) Revenue — Quarter Ended Mar 31, 2026
Revenue increased slightly compared with both the prior quarter and the same quarter last year. The rise was primarily driven by favorable foreign currency effects, partially offset by lower volumes.
Key takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue increased slightly compared with both the prior quarter and the same quarter last year. The rise was primarily driven by favorable foreign currency effects, partially offset by lower volumes.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.7B
Revenue reported for this quarter.
Quarter-over-quarter
+1.7%
Change from the immediately preceding quarter.
Year-over-year
+0.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$31.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2025 | $7.9B | +167.4% |
| Sep 30, 2025 | $8B | +4.3% |
| Dec 31, 2025 | $7.6B | +0.5% |
| Mar 31, 2026 | $7.7B | +0.7% |
Revenue performance
While revenue edged higher, net income fell sharply due to higher cost of goods sold, including accelerated depreciation from machine closures, lower volumes, economic downtime, adverse weather, and higher freight costs.
Quarterly comparison
Sequentially, revenue improved from the preceding quarter. Year-over-year, revenue also rose, though the increase was largely attributable to foreign exchange movements.
What to watch
Further developments regarding machine closures and associated cost impacts should be monitored.