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Hubbell (HUBB) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Hubbell (HUBB) Q3 2026 earnings results →

Q3 2026 Revenue up 25% year over year to $1.9B · 14¢ of every $1 of revenue kept as net profit · operating margin 21.8%

Hubbell made $1.9B in Q3 2026 (+25% Y/Y): Utility Solutions $1.0B, Electrical Solutions $845M. Operating margin 21.8%, net earnings $262M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$1.9B
Year over year+25%
Operating margin21.8%
Net earnings$262M
Operating cash flow$323M

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Hubbell Q3 2026 revenue breakdown: Sankey diagram of revenue (Utility Solutions, Electrical Solutions), costs, profit and cash flow
Hubbell Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.9B in Q3 2026, up 25% year over year and up 9% from the previous quarter. Utility Solutions was the largest line at 55% of revenue. Electrical Solutions added $0.29B year over year (up 51%), 77% of the total change.

Gross margin was 36.8%, up 0.5 points from Q3 2025. Operating profit was $0.41B, a 21.8% margin (down 0.2 points year over year). Of the extra revenue versus Q3 2025, 21% reached operating profit, below the 22% margin then. Operating expenses grew 31% against revenue growth of 25%. Net earnings were $0.26B, up 3% year over year. The effective tax rate was 23.4%.

Operating cash flow was $0.32B (up 13% year over year), 122% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.04B left free cash flow of $0.28B.

Quarterly history

Hubbell revenue by quarterHubbell revenue by quarter$1.4BQ1 2025$1.5BQ2 2025$1.5BQ3 2025$1.5BQ4 2025$1.5BQ1 2026$1.7BQ2 2026$1.9BQ3 2026
Hubbell net earnings by quarterHubbell net earnings by quarter$164MQ1 2025$244MQ2 2025$256MQ3 2025$225MQ4 2025$183MQ1 2026$240MQ2 2026$262MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 28, 2026$1.9B+25%21.8%$262M$323M
Q2 202610-QJul 29, 2026$1.7B+15%20.4%$240M$250M
Q1 202610-QMay 1, 2026$1.5B+11%17.4%$183M$86.6M
Q4 202510-KFeb 12, 2026$1.5B+12%20.9%$225M$448M
Q3 202510-QOct 29, 2025$1.5B+4%22.0%$256M$284M
Q2 202510-QJul 30, 2025$1.5B+2%22.7%$244M$261M
Q1 202510-QMay 2, 2025$1.4B-2%16.9%$164M$37.4M

Charts

Hubbell: revenue growth, year over year and quarter over quarterHubbell: revenue growth, year over year and quarter over quarterY/YQ/Q-2%Q1 2025+2%+9%Q2 2025+4%+1%Q3 2025+12%-1%Q4 2025+11%+2%Q1 2026+15%+13%Q2 2026+25%+9%Q3 2026
Latest (Q3 2026): Y/Y +25%, Q/Q +9%.
Hubbell: where the cash came from (+) and went (−), TTM to Q3 2026Hubbell: where the cash came from (+) and went (−), TTM to Q3 2026Acquisitions−$3.8BNet borrowing (+) / repaid (−)$3.8BOperating cash flow$1.1BOther financing−$718MCash drawn (+) / kept (−)$328MPartners−$301MBuybacks−$204MCapital spending−$178MOther investing$14.4MExchange rates−$1.2M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Hubbell: profit against cash, quarter by quarterHubbell: profit against cash, quarter by quarterNet incomeOperating cash flow$199M$432MQ4 2024$164M$37.4MQ1 2025$246M$261MQ2 2025$257M$284MQ3 2025$225M$448MQ4 2025$183M$86.6MQ1 2026$242M$250MQ2 2026$265M$323MQ3 2026
Latest (Q3 2026): Net income $265M, Operating cash flow $323M.
Hubbell: diluted shares by fiscal yearHubbell: diluted shares by fiscal year54MFY202055MFY202154MFY202254MFY202354MFY202454MFY2025
-1.8% since FY2020: buybacks shrank the count.
Hubbell in its industry: growth against margin (6 companies, SIC 3670)Hubbell in its industry: growth against margin (6 companies, SIC 3670)revenue growth, year over year →↑ operating marginmedian +15%median 9%VSHMRCYOLEDVPGKULRHUBB (+25%, 22%)
Electronic Components & Accessories; dot size is quarterly revenue; dashed lines are the industry's medians.

In supply chains and themes

AI data-center capex money flowAI data-center capex · Power & coolingPower grid & electrification money flowPower grid & electrification · Grid equipment

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Hubbell

Hubbell Incorporated (herein referred to as “Hubbell”, the “Company”, the “registrant”, “we”, “our” or “us”, which references shall include its divisions and subsidiaries as the context may require) was founded as a proprietorship in 1888, and was incorporated in Connecticut in 1905. Recognized for our innovation, quality, and deep commitment to serving our customers for over 135 years, Hubbell is a world-class manufacturer of electrical and utility solutions, with more than 75 brands used around the world. We provide utility and electrical solutions that enable our customers to operate critical infrastructure reliably and efficiently, and we empower and energize communities through innovative solutions supporting energy infrastructure In Front of the Meter, on The Edge, and Behind the Meter. In Front of the Meter is where utilities transmit and distribute energy to their customers.

In its own words, from its 10-K, filed Feb 12, 2026.

Hubbell against its Electronic Components & Accessories peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +25% against the peers' median +15%. Operating margin: 21.8% against the peers' median 9.4%.

CompanyQuarterRevenueY/YOp. margin
HUBB HubbellQ3 2026$1.9B+25%21.8%
VSH Vishay IntertechnologyQ3 2026$979M+24%9.4%
MRCY Mercury SystemsQ4 FY26$290M+6%5.0%
OLED Universal DisplayQ3 2026$160M+15%33.5%
VPG Vishay Precision GroupQ3 2026$85.1M+7%3.2%
KULR Kulr Technology GroupQ2 2026$2.1M-43%-538.6%

Source: Hubbell 10-Q on SEC EDGAR · CIK 48898 · Electronic Components & Accessories

Guidance and outlook

Hubbell: what its forward-looking statements are about (10-Q filed 2026-07-29)Hubbell: what its forward-looking statements are about (10-Q filed 2026-07-29)Margins2Costs2Capital spending1The economy1Supply chain1
7 statements; tone -0.43 (−1 all cautious, +1 all confident); 1 hedged.
Hubbell: outlook statements against the filing beforeHubbell: outlook statements against the filing beforeConfident1Cautious4

13F: who owns HUBB and who is buying

Largest holders of HUBB (13F)Largest holders of HUBB (13F)Vanguard Group$2.9BBlackRock$2.5BVanguard Capital Management LLC$1.8BVanguard Portfolio Management LLC$1.4BState Street$1.2BMassachusetts Financial Services$833MBank of New York Mellon$783MGeode Capital Management, LLC$739MBoston Partners$575MInvesco$550M
Funds' net buying of HUBB by quarter (13F)Funds' net buying of HUBB by quarter (13F)$376M2024-09−$219M2024-12$107M2025-03$721M2025-06−$284M2025-09$557M2025-12−$484M2026-03$136M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on HUBB

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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