Filing Flows › Esab (ESAB) › Q3 2026 › vs Q2 2026
Esab (ESAB) Q3 2026 vs Q2 2026 (quarter over quarter)
Esab's revenue rose $16.9M (+2%) from $808M in Q2 2026 to $825M in Q3 2026. The biggest changes: Equipment +$37.5M (+12%); Consumables −$20.6M (-4%). Gross margin 39.3% against 38.0% (+1.2 pts).
Esab, Q3 2026: revenue $825M (+13% year over year), operating margin 11.1%, net earnings $38.9M, operating cash flow $72.7M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 39.3% | 38.0% | +1.2 pts |
| Operating margin | 11.1% | 9.7% | +1.4 pts |
| Net margin | 4.7% | 4.0% | +0.7 pts |
| Free cash flow margin | 6.6% | 1.9% | +4.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Consumables | $474M | $495M | −$20.6M | -4% |
| Equipment | $351M | $313M | $37.5M | +12% |
| Revenue | $825M | $808M | $16.9M | +2% |
| Gross profit | $324M | $307M | $16.4M | +5% |
| Cost of revenue | $501M | $500M | $462K | +0.1% |
| Operating profit | $91.9M | $78.7M | $13.2M | +17% |
| Operating expenses | $232M | $228M | $3.2M | +1% |
| Pre-tax earnings | $53.5M | $45.7M | $7.8M | +17% |
| Other expense, net | $38.4M | $33.0M | $5.4M | +16% |
| Net earnings | $38.9M | $32.4M | $6.6M | +20% |
| Minority interests | $1.4M | $1.6M | −$281K | -17% |
| Income tax | $13.3M | $11.7M | $1.6M | +13% |
| Depreciation & amortization | $41.2M | $27.9M | $13.4M | +48% |
| Share-based compensation | $8.1M | $6.4M | $1.7M | +26% |
| Working capital & other | $15.6M | $33.2M | −$17.7M | -53% |
| Operating cash flow | $72.7M | $33.4M | $39.3M | +117% |
| Free cash flow (OCF − capex) | $54.4M | $15.7M | $38.7M | +247% |
| Capital expenditures | $18.3M | $17.7M | $507K | +3% |
Questions
How much did Esab's revenue grow quarter over quarter in Q3 2026?
Esab's revenue rose $16.9M (+2%) from $808M in Q2 2026 to $825M in Q3 2026.
What drove Esab's revenue change in Q3 2026?
Equipment +$37.5M (+12%); Consumables −$20.6M (-4%).