Filing Flows › Lincoln Electric Holdings (LECO) › Q3 2026
Lincoln Electric Holdings (LECO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 27, 2026
Lincoln Electric Holdings (LECO) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), +15% from a year earlier and +0.1% from the quarter before. Operating margin was 17.3%, net earnings $144M (11.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +0.1% | +15% |
| Gross profit | $425M | -5% | +9% |
| Operating profit | $211M | -4% | +20% |
| Net earnings | $144M | -9% | +18% |
| Operating cash flow | $216M | -15% | -9% |
| Free cash flow | $175M | — | -15% |
What changed
Revenue was $1.2B in Q3 2026, up 15% year over year and roughly flat from the previous quarter. Consumables was the largest line at 56% of revenue. Consumables added $0.09B year over year (up 16%), 58% of the total change.
Gross margin was 34.8%, down 1.9 points from Q3 2025. Operating profit was $0.21B, a 17.3% margin (up 0.7 points year over year). Of the extra revenue versus Q3 2025, 22% reached operating profit, above the 17% margin then. Operating expenses grew 0% against revenue growth of 15%. The fastest-growing cost line was Other operating costs (+35%). Net earnings were $0.14B, up 18% year over year. The effective tax rate was 27.8%.
Operating cash flow was $0.22B (down 9% year over year), 149% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.04B. After capital expenditures ($0.04B), free cash flow as the company reports it was $0.17B.
Questions
What was Lincoln Electric Holdings' revenue in the third quarter 2026?
Lincoln Electric Holdings (LECO) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), +15% from a year earlier and +0.1% from the quarter before.
Was Lincoln Electric Holdings profitable in the third quarter 2026?
Operating profit was $211M (17.3% of revenue) and net earnings $144M.