Filing Flows › Lear (LEA) › Q3 2026 › vs Q2 2026
Lear (LEA) Q3 2026 vs Q2 2026 (quarter over quarter)
Lear's revenue fell $436M (-7%) from $6.2B in Q2 2026 to $5.8B in Q3 2026. The biggest changes: Seating −$298M (-6%); E-Systems −$138M (-9%). Gross margin 6.6% against 7.6% (-1.0 pts).
Lear, Q3 2026: revenue $5.8B (+2% year over year), operating margin 3.4%, net earnings $137M, operating cash flow $329M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 6.6% | 7.6% | -1.0 pts |
| Operating margin | 3.4% | 4.3% | -0.9 pts |
| Net margin | 2.4% | 3.1% | -0.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Seating | $4.3B | $4.6B | −$298M | -6% |
| E-Systems | $1.4B | $1.6B | −$138M | -9% |
| Revenue | $5.8B | $6.2B | −$436M | -7% |
| Gross profit | $382M | $470M | −$88.0M | -19% |
| Cost of revenue | $5.4B | $5.7B | −$348M | -6% |
| Operating profit | $197M | $268M | −$70.9M | -26% |
| Operating expenses | $185M | $202M | −$17.1M | -8% |
| Pre-tax earnings | $192M | $260M | −$68.5M | -26% |
| SG&A | $181M | $198M | −$16.9M | -9% |
| Other operating costs | $4.7M | $4.9M | −$200K | -4% |
| Net earnings | $137M | $193M | −$56.2M | -29% |
| Minority interests | $12.9M | $18.9M | −$6.0M | -32% |
| Income tax | $42.2M | $48.5M | −$6.3M | -13% |
| Depreciation & amortization | $151M | $151M | $800K | +0.5% |
| Working capital & other | $41.3M | $117M | −$75.8M | -65% |
| Operating cash flow | $329M | $460M | −$131M | -28% |
Questions
How much did Lear's revenue grow quarter over quarter in Q3 2026?
Lear's revenue fell $436M (-7%) from $6.2B in Q2 2026 to $5.8B in Q3 2026.
What drove Lear's revenue change in Q3 2026?
Seating −$298M (-6%); E-Systems −$138M (-9%).