Filing Flows › Andersons (ANDE) › Q3 2026 › vs Q2 2026
Andersons (ANDE) Q3 2026 vs Q2 2026 (quarter over quarter)
Andersons's revenue fell $264M (-9%) from $3.1B in Q2 2026 to $2.8B in Q3 2026. Gross margin 6.4% against 7.2% (-0.8 pts).
Andersons, Q3 2026: revenue $2.8B (+6% year over year), operating margin 1.8%, net earnings $46.4M, operating cash flow −$124M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 6.4% | 7.2% | -0.8 pts |
| Operating margin | 1.8% | 2.2% | -0.4 pts |
| Net margin | 1.6% | 1.8% | -0.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $2.8B | $3.1B | −$264M | -9% |
| Gross profit | $182M | $224M | −$41.7M | -19% |
| Cost of revenue | $2.7B | $2.9B | −$222M | -8% |
| Operating profit | $50.7M | $67.3M | −$16.7M | -25% |
| Operating expenses | $131M | $156M | −$25.0M | -16% |
| Pre-tax earnings | $50.7M | $67.3M | −$16.7M | -25% |
| Loss borne by minority interests | $2.6M | $2.6M | −$33K | -1% |
| Net earnings | $46.4M | $56.6M | −$10.1M | -18% |
| Income tax | $6.8M | $13.4M | −$6.6M | -49% |
| Operating cash sources | $207M | −$397M | $604M | — |
| Depreciation & amortization | $36.3M | $34.6M | $1.7M | +5% |
| Cash used in operations | $124M | −$488M | $612M | — |
| Working capital & other | $207M | −$397M | $604M | — |
Questions
How much did Andersons's revenue grow quarter over quarter in Q3 2026?
Andersons's revenue fell $264M (-9%) from $3.1B in Q2 2026 to $2.8B in Q3 2026. Gross margin 6.4% against 7.2% (-0.8 pts).