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Donaldson (DCI) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jun 2, 2026
Donaldson (DCI) reported revenue of $995M for the third quarter fiscal 2026 (Q3 FY26), +6% from a year earlier and +11% from the quarter before. Operating margin was 15.6%, net earnings $118M (11.9% of revenue).
Donaldson, Q3 FY26: revenue $995M (+6% year over year), operating margin 15.6%, net earnings $118M, operating cash flow $135M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $995M | +11% | +6% |
| Gross profit | $333M | +11% | +4% |
| Operating profit | $155M | +31% | +78% |
| Net earnings | $118M | +28% | +104% |
| Operating cash flow | $135M | +310% | +54% |
| Free cash flow | $112M | +523% | +57% |
What changed
Revenue was $995.1M in Q3 FY26, up 6% year over year and up 11% from the previous quarter.
Gross margin was 33.5%, down 0.7 points from Q3 FY25. Operating profit was $155.3M, a 15.6% margin (up 6.3 points year over year). Of the extra revenue versus Q3 FY25, 123% reached operating profit, above the 9% margin then. Operating expenses fell 24% while revenue rose 6%. Net earnings were $118.1M, up 104% year over year. The effective tax rate was 23.7%.
Operating cash flow was $135.4M (up 54% year over year), 115% of net earnings. Non-cash charges added back $24.1M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items used $11.2M. Capital expenditures of $23.3M left free cash flow of $112.1M.
Questions
What was Donaldson's revenue in the third quarter fiscal 2026?
Donaldson (DCI) reported revenue of $995M for the third quarter fiscal 2026 (Q3 FY26), +6% from a year earlier and +11% from the quarter before.
Was Donaldson profitable in the third quarter fiscal 2026?
Operating profit was $155M (15.6% of revenue) and net earnings $118M.
Source: Donaldson 10-Q on SEC EDGAR.