Filing Flows › Innovex International (INVX) › Q3 2026
Innovex International (INVX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Innovex International (INVX) reported revenue of $265M for the third quarter 2026 (Q3 2026), +10% from a year earlier and +8% from the quarter before. Operating margin was 12.2%, net earnings $26.3M (9.9% of revenue).
Innovex International, Q3 2026: revenue $265M (+10% year over year), operating margin 12.2%, net earnings $26.3M, operating cash flow $38.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $265M | +8% | +10% |
| Operating profit | $32.3M | -4% | -48% |
| Net earnings | $26.3M | +5% | -33% |
| Operating cash flow | $38.8M | +5% | -20% |
| Free cash flow | $32.4M | — | -11% |
What changed
Revenue was $265.1M in Q3 2026, up 10% year over year and up 8% from the previous quarter. Product was the largest line at 72% of revenue. Product added $24.6M year over year (up 15%), 98% of the total change. Service declined 2%.
Operating profit was $32.3M, a 12.2% margin (down 13.8 points year over year). Operating profit fell $30.0M even though revenue rose $25.1M versus Q3 2025, so costs grew faster than sales. Total costs grew 31% against revenue growth of 10%. Net earnings were $26.3M, down 33% year over year. The effective tax rate was 24.4%.
Operating cash flow was $38.8M (down 20% year over year), 148% of net earnings. Non-cash charges added back $16.5M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $7.4M. After capital expenditures ($6.4M), free cash flow as the company reports it was $32.4M.
Questions
What was Innovex International's revenue in the third quarter 2026?
Innovex International (INVX) reported revenue of $265M for the third quarter 2026 (Q3 2026), +10% from a year earlier and +8% from the quarter before.
Was Innovex International profitable in the third quarter 2026?
Operating profit was $32.3M (12.2% of revenue) and net earnings $26.3M.