Filing Flows › Innovative Solutions & Support (IA) › Q3 FY26 › vs Q2 FY26
Innovative Solutions & Support (IA) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Innovative Solutions & Support's revenue rose $4.4M (+20%) from $22.4M in Q2 FY26 to $26.7M in Q3 FY26. The biggest changes: Product +$3.2M (+22%); Services +$1.2M (+14%). Gross margin 51.7% against 51.1% (+0.5 pts).
Innovative Solutions & Support, Q3 FY26: revenue $26.7M (+11% year over year), operating margin 22.6%, net earnings $4.5M, operating cash flow $5.1M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 51.7% | 51.1% | +0.5 pts |
| Operating margin | 22.6% | 22.1% | +0.4 pts |
| Net margin | 16.8% | 15.4% | +1.4 pts |
| Free cash flow margin | 17.3% | 3.0% | +14.3 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Product | $17.5M | $14.3M | $3.2M | +22% |
| Services | $9.2M | $8.1M | $1.2M | +14% |
| Revenue | $26.7M | $22.4M | $4.4M | +20% |
| Gross profit | $13.8M | $11.4M | $2.4M | +21% |
| Cost of revenue | $12.9M | $10.9M | $2.0M | +18% |
| Operating profit | $6.0M | $4.9M | $1.1M | +22% |
| Operating expenses | $7.8M | $6.5M | $1.3M | +20% |
| Pre-tax earnings | $5.0M | $4.4M | $579K | +13% |
| Other expense, net | $1.0M | $505K | $506K | +100% |
| Research & development | $1.9M | $1.8M | $88K | +5% |
| SG&A | $5.9M | $4.7M | $1.2M | +25% |
| Net earnings | $4.5M | $3.4M | $1.1M | +31% |
| Income tax | $528K | $1.0M | −$476K | -47% |
| Depreciation & amortization | $1.4M | $860K | $493K | +57% |
| Share-based compensation | $654K | $496K | $158K | +32% |
| Working capital & other | $1.4M | $2.5M | −$1.1M | -44% |
| Operating cash flow | $5.1M | $2.3M | $2.8M | +122% |
| Free cash flow (OCF − capex) | $4.6M | $667K | $3.9M | +592% |
| Capital expenditures | $476K | $1.6M | −$1.1M | -71% |
Questions
How much did Innovative Solutions & Support's revenue grow quarter over quarter in Q3 FY26?
Innovative Solutions & Support's revenue rose $4.4M (+20%) from $22.4M in Q2 FY26 to $26.7M in Q3 FY26.
What drove Innovative Solutions & Support's revenue change in Q3 FY26?
Product +$3.2M (+22%); Services +$1.2M (+14%).