Filing Flows › Penumbra (PEN) › Operating margin
Penumbra (PEN) operating margin by quarter
Penumbra's operating margin was 12.4% in Q3 2026 (third quarter 2026), +1.8 pts from Q2 2026. Over the last 7 quarters it ranged from 10.2% (Q1 2026) to 15.4% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 12.4% | +1.8 pts | -1.4 pts |
| Q2 2026 | 10.5% | +0.3 pts | -1.5 pts |
| Q1 2026 | 10.2% | -5.2 pts | -2.2 pts |
| Q4 2025 | 15.4% | +1.6 pts | — |
| Q3 2025 | 13.8% | +1.7 pts | — |
| Q2 2025 | 12.0% | -0.4 pts | — |
| Q1 2025 | 12.4% | — | — |
Q3 2026 at a glance
Penumbra, Q3 2026: revenue $410M (+16% year over year), operating margin 12.4%, net earnings $42.3M, operating cash flow $41.5M. The chart follows the revenue to costs, profit and cash.
Questions
What is Penumbra's operating margin?
Penumbra's operating margin was 12.4% in Q3 2026 (third quarter 2026), +1.8 pts from Q2 2026.
How has Penumbra's operating margin changed?
Over the last 7 quarters it ranged from 10.2% (Q1 2026) to 15.4% (Q4 2025).