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Dana (DAN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Dana (DAN) Q3 2026 earnings results →

Q3 2026 Revenue up 6% year over year to $2.0B · 1¢ of every $1 of revenue kept as net profit · operating margin 4.5%

Dana made $2.0B in Q3 2026 (+6% Y/Y): Light Vehicle Segment $1.4B, Commercial Vehicle Segment $667M. Operating margin 4.5%, net earnings $15.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$2.0B
Year over year+6%
Operating margin4.5%
Net earnings$15.0M
Operating cash flow$102M

Drawing the Sankey…

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Dana Q3 2026 revenue breakdown: Sankey diagram of revenue (Light Vehicle Segment, Commercial Vehicle Segment), costs, profit and cash flow
Dana Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $2.0B in Q3 2026, up 6% year over year and up 1% from the previous quarter. Light Vehicle Segment was the largest line at 67% of revenue. Commercial Vehicle Segment added $0.10B year over year (up 18%), 85% of the total change.

Operating profit was $0.09B, a 4.5% margin (up 1.7 points year over year). Of the extra revenue versus Q3 2025, 32% reached operating profit, above the 3% margin then. Total costs grew 4% against revenue growth of 6%. The fastest-growing cost line was SG&A (+11%). Net earnings were $0.01B, down 82% year over year. The effective tax rate was 77.1%.

Operating cash flow was $0.10B (down 8% year over year), 537% of net income including minority interests. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.01B. After purchases of property, plant and equipment - Continuing operations, net ($0.03B) and purchases of property, plant and equipment - Discontinued operations ($2.0M), adjusted free cash flow as the company reports it was $0.07B.

Quarterly history

Dana revenue by quarterDana revenue by quarter$2.4BQ1 2025$1.9BQ2 2025$1.9BQ3 2025$1.9BQ4 2025$1.9BQ1 2026$2.0BQ2 2026$2.0BQ3 2026
Dana net earnings by quarterDana net earnings by quarter$25.0MQ1 2025$27.0MQ2 2025$83.0MQ3 2025−$46.0MQ4 2025$1.1BQ1 2026$0Q2 2026$15.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$2.0B+6%4.5%$15.0M$102M
Q2 202610-QAug 6, 2026$2.0B+4%3.8%$0$109M
Q1 202610-QMay 15, 2026$1.9B+5%1.0%$1.1B−$195M
Q4 202510-KFeb 27, 2026$1.9B+5%3.3%−$46.0M$406M
Q3 202510-QOct 31, 2025$1.9B+1%2.8%$83.0M$111M
Q2 202510-QAug 11, 2025$1.9B-6%0.8%$27.0M$32.0M
Q1 202510-QApr 30, 2025$2.4B-14%3.1%$25.0M−$37.0M

Charts

Dana: revenue growth, year over year and quarter over quarterDana: revenue growth, year over year and quarter over quarterY/YQ/Q-14%Q1 2025-6%-18%Q2 2025+1%-1%Q3 2025+5%-3%Q4 2025+5%+0%Q1 2026+4%+8%Q2 2026+6%+1%Q3 2026
Latest (Q3 2026): Y/Y +6%, Q/Q +1%.
Dana: where the cash came from (+) and went (−), TTM to Q3 2026Dana: where the cash came from (+) and went (−), TTM to Q3 2026Other investing$2.5BNet borrowing (+) / repaid (−)−$1.8BBuybacks−$580MOperating cash flow$422MCapital spending−$335MOther financing−$184MCash drawn (+) / kept (−)$89.0MDividends−$51.0MPartners−$13.0MExchange rates−$4.0MAsset & business sales$3.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Dana: profit against cash, quarter by quarterDana: profit against cash, quarter by quarterNet incomeOperating cash flow−$76.0M$302MQ4 2024$30.0M−$37.0MQ1 2025$31.0M$32.0MQ2 2025$87.0M$111MQ3 2025−$46.0M$406MQ4 2025$1.1B−$195MQ1 2026$0$109MQ2 2026$19.0M$102MQ3 2026
Latest (Q3 2026): Net income $19.0M, Operating cash flow $102M.
Dana: diluted shares by fiscal yearDana: diluted shares by fiscal year144MFY2020146MFY2021144MFY2022144MFY2023145MFY2024134MFY2025
-7.5% since FY2020: buybacks shrank the count.
Dana: long-term debt falling due (FY2025)Dana: long-term debt falling due (FY2025)$1.0M2026$400M2027$401M2028$382M2029$401M2030
Cash $469M, short-term investments —, long-term debt $2.6B at 2025-12-31.
Dana in its industry: growth against margin (35 companies, SIC 3714)Dana in its industry: growth against margin (35 companies, SIC 3714)revenue growth, year over year →↑ operating marginmedian +2%median 4%LEAADNTBWAAPTVDCHALVVGNTALSNMODLCIIPATKVCGTXPHINCPSGNTXDORMATMUSMPTHRMPlatinum SpinCo, Inc.CVGIMPAASRISTRTHLLYAEVAWKSPXOSAZIOLIDROMTKECXJATVKDAN (+6%, 4%)
Motor Vehicle Parts & Accessories; dot size is quarterly revenue; dashed lines are the industry's medians.

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Customers and suppliers named in filings

Sells to

About Dana

Dana Incorporated (Dana), with history dating back to 1904, is headquartered in Maumee, Ohio. We are a world leader in providing power-conveyance and energy-management solutions for on-highway vehicles. The company's portfolio improves the efficiency, performance, and sustainability of light and commercial vehicles. From axles, driveshafts, transmissions, sealing and thermal products to electrification products including motors, inverters, controllers, e-sealing, e-thermal and digital solutions, we enable the propulsion of internal combustion engine (ICE), hybrid and electric powered vehicles by supplying nearly every major on-highway vehicle manufacturer in the world. As of December 31, 2025 excluding the Off-Highway business which is presented as a discontinued operation, we employed approximately 26,900 people and operated in 24 countries.

In its own words, from its 10-K, filed Feb 27, 2026.

Dana against its Motor Vehicle Parts & Accessories peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +2%. Operating margin: 4.5% against the peers' median 7.6%.

CompanyQuarterRevenueY/YOp. margin
DAN DanaQ3 2026$2.0B+6%4.5%
LEA LearQ3 2026$5.8B+2%3.4%
ADNT AdientQ4 FY26$3.7B+1%-0.1%
BWA BorgwarnerQ3 2026$3.5B-3%8.7%
APTV AptivQ3 2026$3.2B+2%8.8%
DCH DauchQ3 2026$2.9B+93%2.5%
ALV AutolivQ3 2026$2.7B-0.5%9.4%
VGNT VersigentQ3 2026$2.5B+7%7.6%
ALSN Allison Transmission HoldingsQ3 2026$1.5B+121%19.8%

Source: Dana 10-Q on SEC EDGAR · CIK 26780 · Motor Vehicle Parts & Accessories

Guidance and outlook

Dana: what its forward-looking statements are about (10-Q filed 2026-11-05)Dana: what its forward-looking statements are about (10-Q filed 2026-11-05)Demand8Other4Deals2Costs1Capital spending1Financing1
17 statements; tone +0.29 (−1 all cautious, +1 all confident); 1 hedged.
Dana: outlook statements against the filing beforeDana: outlook statements against the filing beforeConfident6Cautious1

13F: who owns DAN and who is buying

Largest holders of DAN (13F)Largest holders of DAN (13F)BlackRock$497MVanguard Group$340MDimensional Fund Advisors LP$225MVanguard Portfolio Management LLC$212MAmerican Century Companies$172MVanguard Capital Management LLC$133MState Street$132MGeode Capital Management, LLC$84.9MNykredit A/S$61.1MJacobs Levy Equity Management$51.5M
Funds' net buying of DAN by quarter (13F)Funds' net buying of DAN by quarter (13F)−$8.0M2024-09−$18.8M2024-12$51.3M2025-03−$341M2025-06−$200M2025-09−$183M2025-12−$193M2026-03−$33.2M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on DAN

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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