Filing Flows › Esab (ESAB) › Q3 2026
Esab (ESAB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Esab (ESAB) reported revenue of $825M for the third quarter 2026 (Q3 2026), +13% from a year earlier and +2% from the quarter before. Operating margin was 11.1%, net earnings $38.9M (4.7% of revenue).
Esab, Q3 2026: revenue $825M (+13% year over year), operating margin 11.1%, net earnings $38.9M, operating cash flow $72.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $825M | +2% | +13% |
| Gross profit | $324M | +5% | +20% |
| Operating profit | $91.9M | +17% | -14% |
| Net earnings | $38.9M | +20% | -29% |
| Operating cash flow | $72.7M | +117% | -11% |
| Free cash flow | $54.4M | +247% | -23% |
What changed
Revenue was $824.5M in Q3 2026, up 13% year over year and up 2% from the previous quarter. Consumables was the largest line at 57% of revenue. Equipment added $100.6M year over year (up 40%), 104% of the total change. Consumables declined 1%.
Gross margin was 39.3%, up 2.3 points from Q3 2025. Operating profit was $91.9M, a 11.1% margin (down 3.5 points year over year). Operating profit fell $14.7M even though revenue rose $96.7M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 42% against revenue growth of 13%. Net earnings were $38.9M, down 29% year over year. The effective tax rate was 24.8%.
Operating cash flow was $72.7M (down 11% year over year), 180% of net income including minority interests. Non-cash charges added back $41.2M of depreciation and amortization and $8.1M of share-based compensation. Working capital and other items used $16.9M. Capital expenditures of $18.3M left free cash flow of $54.4M.
Questions
What was Esab's revenue in the third quarter 2026?
Esab (ESAB) reported revenue of $825M for the third quarter 2026 (Q3 2026), +13% from a year earlier and +2% from the quarter before.
Was Esab profitable in the third quarter 2026?
Operating profit was $91.9M (11.1% of revenue) and net earnings $38.9M.
Source: Esab 10-Q on SEC EDGAR.