Filing Flows › IES Holdings (IESC) › Q3 FY26
IES Holdings (IESC) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 31, 2026
IES Holdings (IESC) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +40% from a year earlier and +28% from the quarter before. Operating margin was 14.4%, net earnings $153M (12.3% of revenue).
IES Holdings, Q3 FY26: revenue $1.2B (+40% year over year), operating margin 14.4%, net earnings $153M, operating cash flow $108M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +28% | +40% |
| Gross profit | $341M | +34% | +42% |
| Operating profit | $179M | +59% | +60% |
| Net earnings | $153M | +39% | +98% |
| Operating cash flow | $108M | +5% | +18% |
| Free cash flow | $63.8M | -11% | -15% |
What changed
Revenue was $1.2B in Q3 FY26, up 40% year over year and up 28% from the previous quarter. Communications was the largest line at 36% of revenue. Communications added $0.15B year over year (up 51%), 44% of the total change. Residential declined 6%.
Gross margin was 27.4%, up 0.5 points from Q3 FY25. Operating profit was $0.18B, a 14.4% margin (up 1.8 points year over year). Of the extra revenue versus Q3 FY25, 19% reached operating profit, above the 13% margin then. Operating expenses grew 27% against revenue growth of 40%. Net earnings were $0.15B, up 98% year over year. The effective tax rate was 25.0%.
Operating cash flow was $0.11B (up 18% year over year), 71% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.04B left free cash flow of $0.06B.
Questions
What was IES Holdings' revenue in the third quarter fiscal 2026?
IES Holdings (IESC) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +40% from a year earlier and +28% from the quarter before.
Was IES Holdings profitable in the third quarter fiscal 2026?
Operating profit was $179M (14.4% of revenue) and net earnings $153M.
Source: IES Holdings 10-Q on SEC EDGAR.