Filing Flows › Hershey (HSY) › Q3 2026 › vs Q2 2026
Hershey (HSY) Q3 2026 vs Q2 2026 (quarter over quarter)
Hershey's revenue rose $488M (+18%) from $2.8B in Q2 2026 to $3.3B in Q3 2026. Gross margin 46.1% against 45.3% (+0.8 pts).
Hershey, Q3 2026: revenue $3.3B (+3% year over year), operating margin 25.0%, net earnings $581M, operating cash flow $751M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 46.1% | 45.3% | +0.8 pts |
| Operating margin | 25.0% | 23.1% | +1.9 pts |
| Net margin | 17.7% | 16.4% | +1.3 pts |
| Free cash flow margin | 19.8% | 11.8% | +8.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $3.3B | $2.8B | $488M | +18% |
| Gross profit | $1.5B | $1.3B | $248M | +20% |
| Cost of revenue | $1.8B | $1.5B | $240M | +16% |
| Operating profit | $818M | $643M | $175M | +27% |
| Operating expenses | $693M | $621M | $72.7M | +12% |
| Pre-tax earnings | $768M | $588M | $180M | +31% |
| Other expense, net | $49.6M | $54.4M | −$4.7M | -9% |
| Net earnings | $581M | $458M | $123M | +27% |
| Income tax | $187M | $131M | $56.6M | +43% |
| Depreciation & amortization | $136M | $136M | $179K | +0.1% |
| Share-based compensation | $18.3M | $17.7M | $583K | +3% |
| Working capital & other | $15.3M | −$192M | $207M | — |
| Operating cash flow | $751M | $419M | $331M | +79% |
| Free cash flow (OCF − capex) | $650M | $329M | $321M | +97% |
| Capital expenditures | $101M | $89.8M | $10.7M | +12% |
Questions
How much did Hershey's revenue grow quarter over quarter in Q3 2026?
Hershey's revenue rose $488M (+18%) from $2.8B in Q2 2026 to $3.3B in Q3 2026. Gross margin 46.1% against 45.3% (+0.8 pts).