Filing Flows › Cencora (COR) › Q3 FY26 › vs Q2 FY26
Cencora (COR) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Cencora's revenue rose $6.4B (+8%) from $78.4B in Q2 FY26 to $84.8B in Q3 FY26. Gross margin 4.3% against 4.6% (-0.3 pts).
Cencora, Q3 FY26: revenue $84.8B (+5% year over year), operating margin 1.3%, net earnings $777M, operating cash flow $2.7B. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 4.3% | 4.6% | -0.3 pts |
| Operating margin | 1.3% | 1.5% | -0.1 pts |
| Net margin | 0.9% | 2.1% | -1.2 pts |
| Free cash flow margin | 2.9% | 1.5% | +1.4 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $84.8B | $78.4B | $6.4B | +8% |
| Gross profit | $3.6B | $3.6B | $18.9M | +0.5% |
| Cost of revenue | $81.1B | $74.8B | $6.4B | +9% |
| Operating profit | $1.1B | $1.1B | −$22.4M | -2% |
| Operating expenses | $2.5B | $2.4B | $41.3M | +2% |
| Pre-tax earnings | $996M | $2.1B | −$1.1B | -52% |
| SG&A | $2.1B | $2.0B | $155M | +8% |
| Other operating costs | $355M | $468M | −$114M | -24% |
| Net earnings | $777M | $1.6B | −$853M | -52% |
| Income tax | $220M | $459M | −$239M | -52% |
| Depreciation & amortization | $269M | $249M | $20.2M | +8% |
| Share-based compensation | $28.7M | $28.0M | $731K | +3% |
| Working capital & other | $1.6B | −$568M | $2.1B | — |
| Operating cash flow | $2.7B | $1.3B | $1.3B | +98% |
| Free cash flow (OCF − capex) | $2.4B | $1.2B | $1.3B | +107% |
| Capital expenditures | $226M | $166M | $60.4M | +36% |
Questions
How much did Cencora's revenue grow quarter over quarter in Q3 FY26?
Cencora's revenue rose $6.4B (+8%) from $78.4B in Q2 FY26 to $84.8B in Q3 FY26. Gross margin 4.3% against 4.6% (-0.3 pts).