Filing Flows › Ingredion (INGR) › Q3 2026 › vs Q2 2026
Ingredion (INGR) Q3 2026 vs Q2 2026 (quarter over quarter)
Ingredion's revenue fell $58.0M (-3%) from $1.9B in Q2 2026 to $1.8B in Q3 2026. Gross margin 22.3% against 23.0% (-0.8 pts).
Ingredion, Q3 2026: revenue $1.8B (-1% year over year), operating margin 11.2%, net earnings $142M, operating cash flow $266M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 22.3% | 23.0% | -0.8 pts |
| Operating margin | 11.2% | 10.2% | +1.1 pts |
| Net margin | 7.9% | 6.3% | +1.7 pts |
| Free cash flow margin | 9.1% | -0.5% | +9.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.8B | $1.9B | −$58.0M | -3% |
| Gross profit | $399M | $426M | −$27.0M | -6% |
| Cost of revenue | $1.4B | $1.4B | −$31.0M | -2% |
| Operating profit | $201M | $188M | $13.0M | +7% |
| Operating expenses | $198M | $238M | −$40.0M | -17% |
| Pre-tax earnings | $194M | $175M | $19.0M | +11% |
| Other expense, net | $7.0M | $13.0M | −$6.0M | -46% |
| Net earnings | $142M | $116M | $26.0M | +22% |
| Income tax | $52.0M | $59.0M | −$7.0M | -12% |
| Depreciation & amortization | $55.0M | $55.0M | $0 | 0% |
| Share-based compensation | $7.0M | $8.0M | −$1.0M | -12% |
| Working capital & other | $62.0M | −$89.0M | $151M | — |
| Operating cash flow | $266M | $90.0M | $176M | +196% |
| Free cash flow (OCF − capex) | $163M | −$10.0M | $173M | — |
| Capital expenditures | $103M | $100M | $3.0M | +3% |
Questions
How much did Ingredion's revenue grow quarter over quarter in Q3 2026?
Ingredion's revenue fell $58.0M (-3%) from $1.9B in Q2 2026 to $1.8B in Q3 2026. Gross margin 22.3% against 23.0% (-0.8 pts).