Filing Flows › Blue Bird (BLBD) › Q3 FY26
Blue Bird (BLBD) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 5, 2026
Blue Bird (BLBD) reported revenue of $517M for the third quarter fiscal 2026 (Q3 FY26), +30% from a year earlier and +47% from the quarter before. Operating margin was 12.1%, net earnings $185M (35.8% of revenue).
Blue Bird, Q3 FY26: revenue $517M (+30% year over year), operating margin 12.1%, net earnings $185M, operating cash flow $31.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $517M | +47% | +30% |
| Gross profit | $103M | +46% | +20% |
| Operating profit | $62.7M | +60% | +25% |
| Net earnings | $185M | +532% | +408% |
| Operating cash flow | $31.0M | -35% | -45% |
| Free cash flow | $21.7M | — | -59% |
What changed
Revenue was $517.2M in Q3 FY26, up 30% year over year and up 47% from the previous quarter. Alternative fuel buses was the largest line at 66% of revenue. Alternative fuel buses added $105.1M year over year (up 45%), 88% of the total change. Parts declined 1%.
Gross margin was 20.0%, down 1.6 points from Q3 FY25. Operating profit was $62.7M, a 12.1% margin (down 0.5 points year over year). Of the extra revenue versus Q3 FY25, 11% reached operating profit, below the 13% margin then. Operating expenses grew 14% against revenue growth of 30%. Net earnings were $185.3M, up 408% year over year. The effective tax rate was 5.2%. Non-operating items added $132.8M, 68% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $31.0M (down 45% year over year), 17% of net earnings. Non-cash charges added back $8.7M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $164.5M. After cash paid for fixed assets ($9.4M), free cash flow as the company reports it was $21.7M.
Questions
What was Blue Bird's revenue in the third quarter fiscal 2026?
Blue Bird (BLBD) reported revenue of $517M for the third quarter fiscal 2026 (Q3 FY26), +30% from a year earlier and +47% from the quarter before.
Was Blue Bird profitable in the third quarter fiscal 2026?
Operating profit was $62.7M (12.1% of revenue) and net earnings $185M.
Source: Blue Bird 10-Q on SEC EDGAR.