Filing Flows › Miller Industries (MLR) › Q3 2026 › vs Q2 2026
Miller Industries (MLR) Q3 2026 vs Q2 2026 (quarter over quarter)
Miller Industries's revenue fell $27.8M (-12%) from $240M in Q2 2026 to $212M in Q3 2026. Gross margin 14.0% against 15.0% (-0.9 pts).
Miller Industries, Q3 2026: revenue $212M (+19% year over year), operating margin 3.5%, net earnings $6.1M, operating cash flow $23.7M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 14.0% | 15.0% | -0.9 pts |
| Operating margin | 3.5% | 4.2% | -0.7 pts |
| Net margin | 2.9% | 3.0% | -0.2 pts |
| Free cash flow margin | 6.4% | 11.7% | -5.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $212M | $240M | −$27.8M | -12% |
| Gross profit | $29.8M | $35.9M | −$6.2M | -17% |
| Cost of revenue | $182M | $204M | −$21.6M | -11% |
| Operating profit | $7.5M | $10.1M | −$2.5M | -25% |
| Operating expenses | $22.3M | $25.9M | −$3.6M | -14% |
| Pre-tax earnings | $7.5M | $10.1M | −$2.5M | -25% |
| SG&A | $22.0M | $25.2M | −$3.2M | -13% |
| Other operating costs | $259K | $690K | −$431K | -62% |
| Net earnings | $6.1M | $7.3M | −$1.2M | -16% |
| Income tax | $1.4M | $2.8M | −$1.4M | -48% |
| Depreciation & amortization | $3.3M | $4.0M | −$690K | -17% |
| Share-based compensation | $1.4M | $1.4M | $33K | +2% |
| Working capital & other | $12.9M | $19.6M | −$6.7M | -34% |
| Operating cash flow | $23.7M | $32.2M | −$8.6M | -27% |
| Free cash flow (OCF − capex) | $13.7M | $28.0M | −$14.4M | -51% |
| Capital expenditures | $10.0M | $4.2M | $5.8M | +139% |
Questions
How much did Miller Industries's revenue grow quarter over quarter in Q3 2026?
Miller Industries's revenue fell $27.8M (-12%) from $240M in Q2 2026 to $212M in Q3 2026. Gross margin 14.0% against 15.0% (-0.9 pts).