Filing Flows › Lamb Weston Holdings (LW) › Q3 FY26
Lamb Weston Holdings (LW) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Apr 1, 2026
Lamb Weston Holdings (LW) reported revenue of $1.6B for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -3% from the quarter before. Operating margin was 8.1%, net earnings $54.0M (3.5% of revenue).
Lamb Weston Holdings, Q3 FY26: revenue $1.6B (+3% year over year), operating margin 8.1%, net earnings $54.0M, operating cash flow $65.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -3% | +3% |
| Gross profit | $332M | +2% | -22% |
| Operating profit | $127M | -9% | -49% |
| Net earnings | $54.0M | -13% | -63% |
| Operating cash flow | $65.2M | -63% | +16% |
What changed
Revenue was $1.6B in Q3 FY26, up 3% year over year and down 3% from the previous quarter.
Gross margin was 21.2%, down 6.6 points from Q3 FY25. Operating profit was $0.13B, a 8.1% margin (down 8.3 points year over year). Operating profit fell $0.12B even though revenue rose $0.04B versus Q3 FY25, so costs grew faster than sales. Operating expenses grew 18% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+402%). Net earnings were $0.05B, down 63% year over year. The effective tax rate was 35.9%.
Operating cash flow was $0.07B (up 16% year over year), 121% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.10B. Capital expenditures of $0.10B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was Lamb Weston Holdings' revenue in the third quarter fiscal 2026?
Lamb Weston Holdings (LW) reported revenue of $1.6B for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -3% from the quarter before.
Was Lamb Weston Holdings profitable in the third quarter fiscal 2026?
Operating profit was $127M (8.1% of revenue) and net earnings $54.0M.