Filing Flows › Avantor (AVTR) › Q3 2026 › vs Q2 2026
Avantor (AVTR) Q3 2026 vs Q2 2026 (quarter over quarter)
Avantor's revenue rose $6.0M (+0.4%) from $1.7B in Q2 2026 to $1.7B in Q3 2026. The biggest changes: Proprietary +$27.5M (+3%); Third-party −$21.5M (-3%). Gross margin 31.5% against 31.7% (-0.2 pts).
Avantor, Q3 2026: revenue $1.7B (+5% year over year), operating margin 8.2%, net earnings $203M, operating cash flow $195M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 31.5% | 31.7% | -0.2 pts |
| Operating margin | 8.2% | 7.2% | +1.0 pts |
| Net margin | 12.0% | 2.3% | +9.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Proprietary | $908M | $880M | $27.5M | +3% |
| Third-party | $790M | $812M | −$21.5M | -3% |
| Revenue | $1.7B | $1.7B | $6.0M | +0.4% |
| Gross profit | $535M | $537M | −$2.2M | -0.4% |
| Cost of revenue | $1.2B | $1.2B | $8.2M | +0.7% |
| Operating profit | $140M | $122M | $17.7M | +15% |
| Operating expenses | $395M | $415M | −$19.9M | -5% |
| Pre-tax earnings | $98.0M | $81.2M | $16.8M | +21% |
| Other expense, net | $41.5M | $40.6M | $900K | +2% |
| Income tax benefit | $105M | −$43.1M | $148M | — |
| Net earnings | $203M | $38.1M | $165M | +434% |
| Depreciation & amortization | $105M | $106M | −$300K | -0.3% |
| Share-based compensation | $12.5M | $15.4M | −$2.9M | -19% |
| Working capital & other | $126M | −$19.1M | $145M | — |
| Operating cash flow | $195M | $178M | $16.9M | +9% |
Questions
How much did Avantor's revenue grow quarter over quarter in Q3 2026?
Avantor's revenue rose $6.0M (+0.4%) from $1.7B in Q2 2026 to $1.7B in Q3 2026.
What drove Avantor's revenue change in Q3 2026?
Proprietary +$27.5M (+3%); Third-party −$21.5M (-3%).