Filing Flows › Manitowoc (MTW) › Q3 2026 › vs Q2 2026
Manitowoc (MTW) Q3 2026 vs Q2 2026 (quarter over quarter)
Manitowoc's revenue rose $18.9M (+3%) from $595M in Q2 2026 to $614M in Q3 2026. The biggest changes: New Machine Sales +$17.0M (+4%); Non New Machine Sales +$1.9M (+1%). Gross margin 19.8% against 20.7% (-0.8 pts).
Manitowoc, Q3 2026: revenue $614M (+11% year over year), operating margin 5.2%, net earnings $11.0M, operating cash flow −$33.2M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 19.8% | 20.7% | -0.8 pts |
| Operating margin | 5.2% | 5.2% | -0.0 pts |
| Net margin | 1.8% | 2.4% | -0.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| New Machine Sales | $440M | $423M | $17.0M | +4% |
| Non New Machine Sales | $174M | $172M | $1.9M | +1% |
| Revenue | $614M | $595M | $18.9M | +3% |
| Gross profit | $122M | $123M | −$1.3M | -1% |
| Cost of revenue | $492M | $472M | $20.2M | +4% |
| Operating profit | $31.8M | $31.1M | $700K | +2% |
| Operating expenses | $90.0M | $92.0M | −$2.0M | -2% |
| Pre-tax earnings | $18.8M | $21.4M | −$2.6M | -12% |
| Other expense, net | $13.0M | $9.7M | $3.3M | +34% |
| Net earnings | $11.0M | $14.2M | −$3.2M | -23% |
| Income tax | $7.8M | $7.2M | $600K | +8% |
| Operating cash sources | $59.5M | $22.8M | $36.7M | +161% |
| Depreciation & amortization | $14.8M | $14.6M | $200K | +1% |
| Share-based compensation | $500K | $2.0M | −$1.5M | -75% |
| Cash used in operations | $33.2M | −$8.0M | $41.2M | — |
| Working capital & other | $59.5M | $22.8M | $36.7M | +161% |
Questions
How much did Manitowoc's revenue grow quarter over quarter in Q3 2026?
Manitowoc's revenue rose $18.9M (+3%) from $595M in Q2 2026 to $614M in Q3 2026.
What drove Manitowoc's revenue change in Q3 2026?
New Machine Sales +$17.0M (+4%); Non New Machine Sales +$1.9M (+1%).