Filing Flows › Avantor (AVTR) › Q3 2026
Avantor (AVTR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Avantor (AVTR) reported revenue of $1.7B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +0.4% from the quarter before. Operating margin was 8.2%, net earnings $203M (12.0% of revenue).
Avantor, Q3 2026: revenue $1.7B (+5% year over year), operating margin 8.2%, net earnings $203M, operating cash flow $195M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +0.4% | +5% |
| Gross profit | $535M | -0.4% | +2% |
| Operating profit | $140M | +15% | — |
| Net earnings | $203M | +434% | — |
| Operating cash flow | $195M | +9% | -6% |
| Free cash flow | $156M | — | -9% |
What changed
Revenue was $1.7B in Q3 2026, up 5% year over year and roughly flat from the previous quarter. Proprietary was the largest line at 53% of revenue. Proprietary added $0.05B year over year (up 6%), 70% of the total change.
Gross margin was 31.5%, down 0.9 points from Q3 2025. Operating profit was $0.14B, a 8.2% margin (up 48.2 points year over year). Operating expenses fell 66% while revenue rose 5%. Net earnings were $0.20B. The tax line was a benefit of $0.11B on pre-tax earnings of $0.10B.
Operating cash flow was $0.20B (down 6% year over year), 96% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.13B. After capital expenditures ($0.04B), free cash flow as the company reports it was $0.16B.
Questions
What was Avantor's revenue in the third quarter 2026?
Avantor (AVTR) reported revenue of $1.7B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +0.4% from the quarter before.
Was Avantor profitable in the third quarter 2026?
Operating profit was $140M (8.2% of revenue) and net earnings $203M.
Source: Avantor 10-Q on SEC EDGAR.