Filing Flows › HMH Holding (HMH) › Q3 2026 › vs Q2 2026
HMH Holding (HMH) Q3 2026 vs Q2 2026 (quarter over quarter)
HMH Holding's revenue rose $258K (+0.2%) from $171M in Q2 2026 to $171M in Q3 2026. The biggest changes: Service revenue +$8.1M (+9%); Spare parts revenue −$4.0M (-6%); Product revenue −$3.8M (-19%). Operating margin 12.8% against -2.8% (+15.6 pts).
HMH Holding, Q3 2026: revenue $171M (-21% year over year), operating margin 12.8%, net earnings $5.0M, operating cash flow −$6.2M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 12.8% | -2.8% | +15.6 pts |
| Net margin | 2.9% | 2.9% | -0.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Project and other manufacturing contracts revenue | $9.3M | $10.1M | −$819K | -8% |
| Sale of products | $7.5M | $10.5M | −$3.0M | -29% |
| Product revenue | $16.8M | $20.6M | −$3.8M | -19% |
| Service revenue | $97.1M | $89.1M | $8.1M | +9% |
| Spare parts revenue | $57.2M | $61.2M | −$4.0M | -6% |
| Revenue | $171M | $171M | $258K | +0.2% |
| Operating profit | $21.8M | −$4.8M | $26.7M | — |
| Costs & expenses | $149M | $176M | −$26.4M | -15% |
| Pre-tax earnings | $17.5M | −$9.5M | $27.0M | — |
| Other expense, net | $4.3M | $4.7M | −$381K | -8% |
| Cost of revenue | $113M | $110M | $3.4M | +3% |
| Research & development | $222K | $771K | −$549K | -71% |
| SG&A | $33.9M | $60.4M | −$26.4M | -44% |
| Other operating costs | $2.2M | $5.0M | −$2.8M | -57% |
| Net earnings | $5.0M | $5.0M | $7K | +0.1% |
| Minority interests | $5.4M | −$10.0M | $15.4M | — |
| Income tax | $7.2M | −$4.5M | $11.7M | — |
| Depreciation & amortization | $10.6M | $0 | $10.6M | — |
| Share-based compensation | $2.3M | $22.8M | −$20.5M | -90% |
Questions
How much did HMH Holding's revenue grow quarter over quarter in Q3 2026?
HMH Holding's revenue rose $258K (+0.2%) from $171M in Q2 2026 to $171M in Q3 2026.
What drove HMH Holding's revenue change in Q3 2026?
Service revenue +$8.1M (+9%); Spare parts revenue −$4.0M (-6%); Product revenue −$3.8M (-19%).