Filing Flows › nVent Electric (NVT) › Q3 2026 › vs Q2 2026
nVent Electric (NVT) Q3 2026 vs Q2 2026 (quarter over quarter)
nVent Electric's revenue rose $43.6M (+3%) from $1.5B in Q2 2026 to $1.5B in Q3 2026. The biggest changes: Systems Protection +$25.9M (+2%); Electrical Connections +$17.7M (+4%). Gross margin 35.8% against 37.9% (-2.1 pts).
nVent Electric, Q3 2026: revenue $1.5B (+44% year over year), operating margin 18.6%, net earnings $202M, operating cash flow $303M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 35.8% | 37.9% | -2.1 pts |
| Operating margin | 18.6% | 20.4% | -1.8 pts |
| Net margin | 13.4% | 14.7% | -1.3 pts |
| Free cash flow margin | 17.5% | 11.0% | +6.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Systems Protection | $1.1B | $1.1B | $25.9M | +2% |
| Electrical Connections | $417M | $399M | $17.7M | +4% |
| Revenue | $1.5B | $1.5B | $43.6M | +3% |
| Gross profit | $543M | $558M | −$15.1M | -3% |
| Cost of revenue | $972M | $913M | $58.7M | +6% |
| Operating profit | $282M | $301M | −$18.4M | -6% |
| Operating expenses | $261M | $257M | $3.3M | +1% |
| Pre-tax earnings | $260M | $282M | −$21.9M | -8% |
| Other expense, net | $22.2M | $18.7M | $3.5M | +19% |
| Research & development | $24.3M | $24.5M | −$200K | -0.8% |
| SG&A | $236M | $233M | $3.5M | +2% |
| Net earnings | $202M | $216M | −$13.5M | -6% |
| Income tax | $57.7M | $66.2M | −$8.5M | -13% |
| Depreciation & amortization | $54.2M | $58.5M | −$4.3M | -7% |
| Share-based compensation | $7.8M | $6.7M | $1.1M | +16% |
| Working capital & other | $38.4M | −$97.6M | $136M | — |
| Operating cash flow | $303M | $184M | $119M | +65% |
| Free cash flow (OCF − capex) | $266M | $162M | $104M | +64% |
| Capital expenditures | $37.0M | $21.5M | $15.5M | +72% |
Questions
How much did nVent Electric's revenue grow quarter over quarter in Q3 2026?
nVent Electric's revenue rose $43.6M (+3%) from $1.5B in Q2 2026 to $1.5B in Q3 2026.
What drove nVent Electric's revenue change in Q3 2026?
Systems Protection +$25.9M (+2%); Electrical Connections +$17.7M (+4%).