Filing Flows › Gates Industrial (GTES) › Q3 2026
Gates Industrial (GTES) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Gates Industrial (GTES) reported revenue of $904M for the third quarter 2026 (Q3 2026), +6% from a year earlier and -4% from the quarter before. Operating margin was 14.5%, net earnings $86.5M (9.6% of revenue).
Gates Industrial, Q3 2026: revenue $904M (+6% year over year), operating margin 14.5%, net earnings $86.5M, operating cash flow $61.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $904M | -4% | +6% |
| Gross profit | $383M | -0.7% | +12% |
| Operating profit | $131M | -0.2% | +14% |
| Net earnings | $86.5M | -49% | +6% |
| Operating cash flow | $61.2M | -22% | -38% |
| Free cash flow | $42.4M | -30% | -47% |
What changed
Revenue was $903.6M in Q3 2026, up 6% year over year and down 4% from the previous quarter. Power Transmission was the largest line at 62% of revenue. Power Transmission added $26.8M year over year (up 5%), 56% of the total change.
Gross margin was 42.4%, up 2.5 points from Q3 2025. Operating profit was $131.3M, a 14.5% margin (up 1.0 points year over year). Of the extra revenue versus Q3 2025, 33% reached operating profit, above the 13% margin then. Operating expenses grew 11% against revenue growth of 6%. The fastest-growing cost line was SG&A (+13%). Net earnings were $86.5M, up 6% year over year. The effective tax rate was 15.4%.
Operating cash flow was $61.2M (down 38% year over year), 67% of net income including minority interests. Non-cash charges added back $56.4M of depreciation and amortization and $8.6M of share-based compensation. Working capital and other items used $95.2M. Capital expenditures of $18.8M left free cash flow of $42.4M.
Questions
What was Gates Industrial's revenue in the third quarter 2026?
Gates Industrial (GTES) reported revenue of $904M for the third quarter 2026 (Q3 2026), +6% from a year earlier and -4% from the quarter before.
Was Gates Industrial profitable in the third quarter 2026?
Operating profit was $131M (14.5% of revenue) and net earnings $86.5M.
Source: Gates Industrial 10-Q on SEC EDGAR.