Filing Flows › Ashland (ASH) › Q3 FY26
Ashland (ASH) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 29, 2026
Ashland (ASH) reported revenue of $497M for the third quarter fiscal 2026 (Q3 FY26), +7% from a year earlier and +3% from the quarter before. Operating margin was 8.7%, net earnings $16.0M (3.2% of revenue).
Ashland, Q3 FY26: revenue $497M (+7% year over year), operating margin 8.7%, net earnings $16.0M, operating cash flow $120M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $497M | +3% | +7% |
| Gross profit | $170M | +16% | +29% |
| Operating profit | $43.0M | +10% | — |
| Net earnings | $16.0M | 0% | — |
| Operating cash flow | $120M | +140% | +4% |
| Free cash flow | $100M | +203% | +5% |
What changed
Revenue was $497.0M in Q3 FY26, up 7% year over year and up 3% from the previous quarter.
Gross margin was 34.2%, up 5.7 points from Q3 FY25. Operating profit was $43.0M, a 8.7% margin (up 161.6 points year over year). Operating expenses fell 85% while revenue rose 7%. The fastest-growing cost line was Research & development (+15%). Net earnings were $16.0M. The effective tax rate was 48.4%.
Operating cash flow was $120.0M (up 4% year over year), 750% of net earnings. Non-cash charges added back $48.0M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $52.0M. Capital expenditures of $20.0M left free cash flow of $100.0M.
Questions
What was Ashland's revenue in the third quarter fiscal 2026?
Ashland (ASH) reported revenue of $497M for the third quarter fiscal 2026 (Q3 FY26), +7% from a year earlier and +3% from the quarter before.
Was Ashland profitable in the third quarter fiscal 2026?
Operating profit was $43.0M (8.7% of revenue) and net earnings $16.0M.
Source: Ashland 10-Q on SEC EDGAR.