Oatly reports 15.6% revenue growth in Q1 2026 with improved profitability and stable outlook.

Oatly Group AB announced a 15.6% increase in revenue to $228.3 million for Q1 2026, driven by strong growth in Europe & International and North America, despite a decline in Greater China. The company improved its gross margin to 33.4% and reduced its net loss slightly to $12.0 million. Adjusted EBITDA turned positive at $5.0 million, reflecting better operational efficiency. Oatly reiterated its 2026 outlook with expected constant currency revenue growth of 3-5% and adjusted EBITDA between $25 million and $35 million, while continuing a strategic review of its Greater China business.