Filing Flows › Avery Dennison (AVY) › Q3 2026 › vs Q2 2026
Avery Dennison (AVY) Q3 2026 vs Q2 2026 (quarter over quarter)
Avery Dennison's revenue fell $131M (-5%) from $2.5B in Q2 2026 to $2.3B in Q3 2026. Gross margin 28.1% against 29.6% (-1.5 pts).
Avery Dennison, Q3 2026: revenue $2.3B (+5% year over year), operating margin 10.3%, net earnings $170M, operating cash flow $299M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 28.1% | 29.6% | -1.5 pts |
| Operating margin | 10.3% | 11.5% | -1.1 pts |
| Net margin | 7.3% | 8.3% | -1.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $2.3B | $2.5B | −$131M | -5% |
| Gross profit | $655M | $729M | −$74.6M | -10% |
| Cost of revenue | $1.7B | $1.7B | −$56.8M | -3% |
| Operating profit | $241M | $283M | −$41.5M | -15% |
| Operating expenses | $414M | $447M | −$33.1M | -7% |
| Pre-tax earnings | $241M | $283M | −$41.5M | -15% |
| SG&A | $373M | $395M | −$22.1M | -6% |
| Other operating costs | $40.9M | $51.9M | −$11.0M | -21% |
| Net earnings | $170M | $204M | −$34.4M | -17% |
| Income tax | $71.5M | $78.6M | −$7.1M | -9% |
| Depreciation & amortization | $85.6M | $86.4M | −$800K | -0.9% |
| Share-based compensation | $10.1M | $6.4M | $3.7M | +58% |
| Working capital & other | $33.4M | $111M | −$77.9M | -70% |
| Operating cash flow | $299M | $408M | −$109M | -27% |
Questions
How much did Avery Dennison's revenue grow quarter over quarter in Q3 2026?
Avery Dennison's revenue fell $131M (-5%) from $2.5B in Q2 2026 to $2.3B in Q3 2026. Gross margin 28.1% against 29.6% (-1.5 pts).