Filing Flows › Lincoln Electric Holdings (LECO) › Q3 2026 › vs Q2 2026
Lincoln Electric Holdings (LECO) Q3 2026 vs Q2 2026 (quarter over quarter)
Lincoln Electric Holdings's revenue rose $1.6M (+0.1%) from $1.2B in Q2 2026 to $1.2B in Q3 2026. The biggest changes: Consumables −$4.9M (-0.7%); Equipment +$3.3M (+1%); Automation +$3.2M (+1%). Gross margin 34.8% against 36.8% (-2.0 pts).
Lincoln Electric Holdings, Q3 2026: revenue $1.2B (+15% year over year), operating margin 17.3%, net earnings $144M, operating cash flow $216M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 34.8% | 36.8% | -2.0 pts |
| Operating margin | 17.3% | 18.1% | -0.8 pts |
| Net margin | 11.8% | 13.0% | -1.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Consumables | $683M | $688M | −$4.9M | -0.7% |
| Equipment | $306M | $303M | $3.3M | +1% |
| Automation | $232M | $229M | $3.2M | +1% |
| Revenue | $1.2B | $1.2B | $1.6M | +0.1% |
| Gross profit | $425M | $449M | −$24.0M | -5% |
| Cost of revenue | $796M | $771M | $25.6M | +3% |
| Operating profit | $211M | $221M | −$9.3M | -4% |
| Operating expenses | $214M | $228M | −$14.7M | -6% |
| Pre-tax earnings | $200M | $208M | −$7.8M | -4% |
| Other expense, net | $11.3M | $12.8M | −$1.4M | -11% |
| SG&A | $206M | $225M | −$19.1M | -8% |
| Other operating costs | $7.9M | $3.5M | $4.4M | +126% |
| Net earnings | $144M | $159M | −$14.2M | -9% |
| Income tax | $55.7M | $49.4M | $6.3M | +13% |
| Depreciation & amortization | $26.4M | $26.0M | $462K | +2% |
| Share-based compensation | $5.3M | $4.9M | $394K | +8% |
| Working capital & other | $39.7M | $64.4M | −$24.7M | -38% |
| Operating cash flow | $216M | $254M | −$38.0M | -15% |
Questions
How much did Lincoln Electric Holdings's revenue grow quarter over quarter in Q3 2026?
Lincoln Electric Holdings's revenue rose $1.6M (+0.1%) from $1.2B in Q2 2026 to $1.2B in Q3 2026.
What drove Lincoln Electric Holdings's revenue change in Q3 2026?
Consumables −$4.9M (-0.7%); Equipment +$3.3M (+1%); Automation +$3.2M (+1%).