Filing Flows › Hexcel (HXL) › Q3 2026
Hexcel (HXL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 21, 2026
Hexcel (HXL) reported revenue of $496M for the third quarter 2026 (Q3 2026), +9% from a year earlier and -6% from the quarter before. Operating margin was 11.0%, net earnings $38.6M (7.8% of revenue).
Hexcel, Q3 2026: revenue $496M (+9% year over year), operating margin 11.0%, net earnings $38.6M, operating cash flow $74.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $496M | -6% | +9% |
| Gross profit | $116M | -16% | +16% |
| Operating profit | $54.8M | -25% | +52% |
| Net earnings | $38.6M | -22% | +87% |
| Operating cash flow | $74.4M | -4% | -32% |
| Free cash flow | $50.7M | -13% | -47% |
What changed
Revenue was $496.4M in Q3 2026, up 9% year over year and down 6% from the previous quarter. Commercial Aerospace Market Applications was the largest line at 67% of revenue. Commercial Aerospace Market Applications added $56.1M year over year (up 20%), 140% of the total change. Space and Defense Market Applications declined 9%.
Gross margin was 23.3%, up 1.4 points from Q3 2025. Operating profit was $54.8M, a 11.0% margin (up 3.1 points year over year). Of the extra revenue versus Q3 2025, 47% reached operating profit, above the 8% margin then. Operating expenses fell 5% while revenue rose 9%. Net earnings were $38.6M, up 87% year over year. The effective tax rate was 9.6%.
Operating cash flow was $74.4M (down 32% year over year), 193% of net earnings. Non-cash charges added back $30.0M of depreciation and amortization and $3.9M of share-based compensation. Capital expenditures of $23.7M left free cash flow of $50.7M.
Questions
What was Hexcel's revenue in the third quarter 2026?
Hexcel (HXL) reported revenue of $496M for the third quarter 2026 (Q3 2026), +9% from a year earlier and -6% from the quarter before.
Was Hexcel profitable in the third quarter 2026?
Operating profit was $54.8M (11.0% of revenue) and net earnings $38.6M.
Source: Hexcel 10-Q on SEC EDGAR.