Filing Flows › Cal-Maine Foods (CALM) › Q3 FY26
Cal-Maine Foods (CALM) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Apr 1, 2026
Cal-Maine Foods (CALM) reported revenue of $667M for the third quarter fiscal 2026 (Q3 FY26), -53% from a year earlier and -13% from the quarter before. Operating margin was 5.4%, net earnings $51.1M (7.7% of revenue).
Cal-Maine Foods, Q3 FY26: revenue $667M (-53% year over year), operating margin 5.4%, net earnings $51.1M, operating cash flow $104M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $667M | -13% | -53% |
| Gross profit | $119M | -42% | -83% |
| Operating profit | $35.9M | -71% | -94% |
| Net earnings | $51.1M | -50% | -90% |
| Operating cash flow | $104M | +9% | -82% |
| Free cash flow | $72.0M | +50% | -86% |
What changed
Revenue was $667.0M in Q3 FY26, down 53% year over year and down 13% from the previous quarter.
Gross margin was 17.9%, down 32.6 points from Q3 FY25. Operating profit was $35.9M, a 5.4% margin (down 39.4 points year over year). Operating expenses grew 4% against a revenue fall of 53%. Net earnings were $50.5M, down 90% year over year. The effective tax rate was 12.1%. Non-operating items added $22.2M, 38% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $103.6M (down 82% year over year), 203% of net earnings. Non-cash charges added back $30.5M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $20.6M. Capital expenditures of $31.6M left free cash flow of $72.0M.
Questions
What was Cal-Maine Foods' revenue in the third quarter fiscal 2026?
Cal-Maine Foods (CALM) reported revenue of $667M for the third quarter fiscal 2026 (Q3 FY26), -53% from a year earlier and -13% from the quarter before.
Was Cal-Maine Foods profitable in the third quarter fiscal 2026?
Operating profit was $35.9M (5.4% of revenue) and net earnings $51.1M.
Source: Cal-Maine Foods 10-Q on SEC EDGAR.