Filing Flows › LCI Industries (LCII) › Q3 2026 › vs Q2 2026
LCI Industries (LCII) Q3 2026 vs Q2 2026 (quarter over quarter)
LCI Industries's revenue rose $23.8M (+2%) from $969M in Q2 2026 to $992M in Q3 2026. The biggest changes: OEM Segment +$57.5M (+9%); Aftermarket Segment −$33.7M (-11%). Gross margin 26.6% against 31.1% (-4.5 pts).
LCI Industries, Q3 2026: revenue $992M (-4% year over year), operating margin 7.6%, net earnings $50.1M, operating cash flow $67.1M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 26.6% | 31.1% | -4.5 pts |
| Operating margin | 7.6% | 9.9% | -2.3 pts |
| Net margin | 5.0% | 6.9% | -1.9 pts |
| Free cash flow margin | 5.4% | 19.1% | -13.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Adjacent industries OEMs | $342M | $339M | $3.7M | +1% |
| Travel trailers and fifth-wheels | $338M | $282M | $55.5M | +20% |
| Motorhomes | $52.0M | $53.8M | −$1.8M | -3% |
| OEM Segment | $732M | $675M | $57.5M | +9% |
| Aftermarket Segment | $260M | $294M | −$33.7M | -11% |
| Revenue | $992M | $969M | $23.8M | +2% |
| Gross profit | $264M | $301M | −$37.3M | -12% |
| Cost of revenue | $729M | $668M | $61.2M | +9% |
| Operating profit | $75.0M | $96.0M | −$20.9M | -22% |
| Operating expenses | $189M | $205M | −$16.4M | -8% |
| Pre-tax earnings | $68.3M | $90.2M | −$21.9M | -24% |
| Other expense, net | $6.7M | $5.8M | $943K | +16% |
| SG&A | $129M | $144M | −$14.5M | -10% |
| Other operating costs | $59.5M | $61.3M | −$1.9M | -3% |
| Net earnings | $50.1M | $67.1M | −$17.1M | -25% |
| Income tax | $18.2M | $23.1M | −$4.8M | -21% |
| Depreciation & amortization | $28.9M | $30.9M | −$1.9M | -6% |
| Share-based compensation | $4.7M | $7.0M | −$2.3M | -33% |
| Working capital & other | $16.7M | −$98.7M | $115M | — |
| Operating cash flow | $67.1M | $204M | −$137M | -67% |
| Free cash flow (OCF − capex) | $53.6M | $185M | −$131M | -71% |
| Capital expenditures | $13.4M | $18.8M | −$5.3M | -28% |
Questions
How much did LCI Industries's revenue grow quarter over quarter in Q3 2026?
LCI Industries's revenue rose $23.8M (+2%) from $969M in Q2 2026 to $992M in Q3 2026.
What drove LCI Industries's revenue change in Q3 2026?
OEM Segment +$57.5M (+9%); Aftermarket Segment −$33.7M (-11%).