Filing Flows › Cavco Industries (CVCO) › Q3 FY26
Cavco Industries (CVCO) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 2, 2026
Cavco Industries (CVCO) reported revenue of $581M for the third quarter fiscal 2026 (Q3 FY26), +11% from a year earlier and +4% from the quarter before. Operating margin was 9.4%, net earnings $44.1M (7.6% of revenue).
Cavco Industries, Q3 FY26: revenue $581M (+11% year over year), operating margin 9.4%, net earnings $44.1M, operating cash flow $66.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $581M | +4% | +11% |
| Gross profit | $136M | +1% | +5% |
| Operating profit | $54.6M | -12% | -15% |
| Net earnings | $44.1M | -16% | -22% |
| Operating cash flow | $66.1M | -16% | +75% |
| Free cash flow | $57.6M | -16% | +78% |
What changed
Revenue was $581.0M in Q3 FY26, up 11% year over year and up 4% from the previous quarter. Factory-built housing was the largest line at 96% of revenue. Factory-built housing added $57.6M year over year (up 12%), 98% of the total change.
Gross margin was 23.4%, down 1.5 points from a year earlier. Operating profit was $54.6M, a 9.4% margin (down 2.9 points year over year). Operating profit fell $9.4M even though revenue rose $59.0M versus a year earlier, so costs grew faster than sales. Operating expenses grew 23% against revenue growth of 11%. Net earnings were $44.1M, down 22% year over year. The effective tax rate was 23.5%.
Operating cash flow was $66.1M (up 75% year over year), 150% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $12.7M. Capital expenditures of $8.5M left free cash flow of $57.6M.
Questions
What was Cavco Industries' revenue in the third quarter fiscal 2026?
Cavco Industries (CVCO) reported revenue of $581M for the third quarter fiscal 2026 (Q3 FY26), +11% from a year earlier and +4% from the quarter before.
Was Cavco Industries profitable in the third quarter fiscal 2026?
Operating profit was $54.6M (9.4% of revenue) and net earnings $44.1M.
Source: Cavco Industries 10-Q on SEC EDGAR.