Filing Flows › Ashland (ASH) › Q3 FY26 › vs Q2 FY26
Ashland (ASH) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Ashland's revenue rose $15.0M (+3%) from $482M in Q2 FY26 to $497M in Q3 FY26. Gross margin 34.2% against 30.5% (+3.7 pts).
Ashland, Q3 FY26: revenue $497M (+7% year over year), operating margin 8.7%, net earnings $16.0M, operating cash flow $120M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 34.2% | 30.5% | +3.7 pts |
| Operating margin | 8.7% | 8.1% | +0.6 pts |
| Net margin | 3.2% | 3.3% | -0.1 pts |
| Free cash flow margin | 20.1% | 6.8% | +13.3 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $497M | $482M | $15.0M | +3% |
| Gross profit | $170M | $147M | $23.0M | +16% |
| Cost of revenue | $327M | $335M | −$8.0M | -2% |
| Operating profit | $43.0M | $39.0M | $4.0M | +10% |
| Operating expenses | $127M | $108M | $19.0M | +18% |
| Pre-tax earnings | $31.0M | $21.0M | $10.0M | +48% |
| Other expense, net | $12.0M | $18.0M | −$6.0M | -33% |
| Research & development | $15.0M | $14.0M | $1.0M | +7% |
| SG&A | $99.0M | $79.0M | $20.0M | +25% |
| Other operating costs | $13.0M | $15.0M | −$2.0M | -13% |
| Net earnings | $16.0M | $16.0M | $0 | 0% |
| Income tax | $15.0M | $5.0M | $10.0M | +200% |
| Depreciation & amortization | $48.0M | $45.0M | $3.0M | +7% |
| Share-based compensation | $4.0M | $5.0M | −$1.0M | -20% |
| Working capital & other | $52.0M | −$16.0M | $68.0M | — |
| Operating cash flow | $120M | $50.0M | $70.0M | +140% |
| Free cash flow (OCF − capex) | $100M | $33.0M | $67.0M | +203% |
| Capital expenditures | $20.0M | $17.0M | $3.0M | +18% |
Questions
How much did Ashland's revenue grow quarter over quarter in Q3 FY26?
Ashland's revenue rose $15.0M (+3%) from $482M in Q2 FY26 to $497M in Q3 FY26. Gross margin 34.2% against 30.5% (+3.7 pts).