Filing Flows › PPG Industries (PPG) › Q3 2026 › vs Q2 2026
PPG Industries (PPG) Q3 2026 vs Q2 2026 (quarter over quarter)
PPG Industries's revenue fell $142M (-3%) from $4.5B in Q2 2026 to $4.4B in Q3 2026. The biggest changes: Performance Coatings −$65.0M (-4%); Global Architectural Coatings −$43.0M (-4%); Industrial Coatings −$34.0M (-2%). Operating margin 17.4% against 16.5% (+0.9 pts).
PPG Industries, Q3 2026: revenue $4.4B (+7% year over year), operating margin 17.4%, net earnings $451M, operating cash flow $566M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 17.4% | 16.5% | +0.9 pts |
| Net margin | 10.4% | 9.7% | +0.6 pts |
| Free cash flow margin | 9.4% | 9.9% | -0.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Industrial Coatings | $1.7B | $1.8B | −$34.0M | -2% |
| Performance Coatings | $1.6B | $1.6B | −$65.0M | -4% |
| Global Architectural Coatings | $1.1B | $1.1B | −$43.0M | -4% |
| Revenue | $4.4B | $4.5B | −$142M | -3% |
| Operating profit | $757M | $743M | $14.0M | +2% |
| Costs & expenses | $3.6B | $3.8B | −$156M | -4% |
| Pre-tax earnings | $609M | $567M | $42.0M | +7% |
| Other expense, net | $148M | $176M | −$28.0M | -16% |
| Cost of revenue | $2.6B | $2.7B | −$98.0M | -4% |
| Research & development | $106M | $107M | −$1.0M | -0.9% |
| SG&A | $876M | $931M | −$55.0M | -6% |
| Other operating costs | $25.0M | $27.0M | −$2.0M | -7% |
| Net earnings | $451M | $437M | $14.0M | +3% |
| Minority interests | $5.0M | $3.0M | $2.0M | +67% |
| Income tax | $153M | $127M | $26.0M | +20% |
| Depreciation & amortization | $134M | $134M | $0 | 0% |
| Share-based compensation | $10.0M | $16.0M | −$6.0M | -38% |
| Working capital & other | $29.0M | $28.0M | $1.0M | +4% |
| Operating cash flow | $566M | $559M | $7.0M | +1% |
| Free cash flow (OCF − capex) | $411M | $446M | −$35.0M | -8% |
| Capital expenditures | $155M | $113M | $42.0M | +37% |
Questions
How much did PPG Industries's revenue grow quarter over quarter in Q3 2026?
PPG Industries's revenue fell $142M (-3%) from $4.5B in Q2 2026 to $4.4B in Q3 2026.
What drove PPG Industries's revenue change in Q3 2026?
Performance Coatings −$65.0M (-4%); Global Architectural Coatings −$43.0M (-4%); Industrial Coatings −$34.0M (-2%).