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Commercial Metals (CMC) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jun 29, 2026
Commercial Metals (CMC) reported revenue of $2.5B for the third quarter fiscal 2026 (Q3 FY26), +23% from a year earlier and +16% from the quarter before. Operating margin was 7.6%, net earnings $173M (7.0% of revenue).
Commercial Metals, Q3 FY26: revenue $2.5B (+23% year over year), operating margin 7.6%, net earnings $173M, operating cash flow $233M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | +16% | +23% |
| Operating profit | $189M | +72% | +72% |
| Net earnings | $173M | +86% | +108% |
| Operating cash flow | $233M | +40% | +51% |
| Free cash flow | $76.4M | +75% | +18% |
What changed
Revenue was $2.5B in Q3 FY26, up 23% year over year and up 16% from the previous quarter.
Operating profit was $0.19B, a 7.6% margin (up 2.2 points year over year). Of the extra revenue versus Q3 FY25, 17% reached operating profit, above the 5% margin then. Total costs grew 20% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+200%). Net earnings were $0.17B, up 108% year over year. The effective tax rate was 8.4%.
Operating cash flow was $0.23B (up 51% year over year), 134% 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 $0.06B. Capital expenditures of $0.16B left free cash flow of $0.08B.
Questions
What was Commercial Metals' revenue in the third quarter fiscal 2026?
Commercial Metals (CMC) reported revenue of $2.5B for the third quarter fiscal 2026 (Q3 FY26), +23% from a year earlier and +16% from the quarter before.
Was Commercial Metals profitable in the third quarter fiscal 2026?
Operating profit was $189M (7.6% of revenue) and net earnings $173M.
Source: Commercial Metals 10-Q on SEC EDGAR.