Filing Flows › Pinnacle West Capital (PNW) › Q3 2026 › vs Q2 2026
Pinnacle West Capital (PNW) Q3 2026 vs Q2 2026 (quarter over quarter)
Pinnacle West Capital's revenue rose $517M (+36%) from $1.5B in Q2 2026 to $2.0B in Q3 2026. Operating margin 31.5% against 21.0% (+10.5 pts).
Pinnacle West Capital, Q3 2026: revenue $2.0B (+8% year over year), operating margin 31.5%, net earnings $434M, operating cash flow $723M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 31.5% | 21.0% | +10.5 pts |
| Net margin | 22.0% | 12.3% | +9.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $2.0B | $1.5B | $517M | +36% |
| Operating profit | $621M | $306M | $315M | +103% |
| Costs & expenses | $1.4B | $1.2B | $202M | +18% |
| Pre-tax earnings | $517M | $212M | $305M | +144% |
| Other expense, net | $104M | $93.6M | $10.4M | +11% |
| Cost of revenue | $758M | $558M | $200M | +36% |
| Other operating costs | $594M | $592M | $2.3M | +0.4% |
| Net earnings | $434M | $179M | $256M | +143% |
| Minority interests | $2.2M | $2.2M | $1K | 0% |
| Income tax | $80.4M | $31.3M | $49.1M | +157% |
| Depreciation & amortization | $259M | $257M | $2.0M | +0.8% |
| Share-based compensation | $7.6M | $4.6M | $3.0M | +64% |
| Working capital & other | $21.9M | −$46.6M | $68.5M | — |
| Operating cash flow | $723M | $394M | $329M | +84% |
| Capital expenditures | $735M | $729M | $5.9M | +0.8% |
| Negative free cash flow (OCF − capex) | $11.4M | $335M | −$323M | -97% |
Questions
How much did Pinnacle West Capital's revenue grow quarter over quarter in Q3 2026?
Pinnacle West Capital's revenue rose $517M (+36%) from $1.5B in Q2 2026 to $2.0B in Q3 2026. Operating margin 31.5% against 21.0% (+10.5 pts).