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Mgic Investment (MTG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Mgic Investment (MTG) reported revenue of $299M for the third quarter 2026 (Q3 2026), -2% from a year earlier and +1% from the quarter before. Operating margin was 74.0%, net earnings $175M (58.5% of revenue).
Mgic Investment, Q3 2026: revenue $299M (-2% year over year), operating margin 74.0%, net earnings $175M, operating cash flow $216M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $299M | +1% | -2% |
| Operating profit | $221M | -4% | -6% |
| Net earnings | $175M | -4% | -8% |
| Operating cash flow | $216M | +17% | +0.5% |
| Free cash flow | $216M | +17% | +0.6% |
What changed
Revenue was $299.1M in Q3 2026, down 2% year over year and up 1% from the previous quarter.
Operating profit was $221.3M, a 74.0% margin (down 3.2 points year over year). Total costs grew 12% against a revenue fall of 2%. Net earnings were $175.0M, down 8% year over year. The effective tax rate was 20.9%.
Operating cash flow was $216.4M (roughly flat year over year), 124% of net earnings. Non-cash charges added back $1.0M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items added $35.3M. Capital expenditures of $111K left free cash flow of $216.3M.
Questions
What was Mgic Investment's revenue in the third quarter 2026?
Mgic Investment (MTG) reported revenue of $299M for the third quarter 2026 (Q3 2026), -2% from a year earlier and +1% from the quarter before.
Was Mgic Investment profitable in the third quarter 2026?
Operating profit was $221M (74.0% of revenue) and net earnings $175M.
Source: Mgic Investment 10-Q on SEC EDGAR.