Filing Flows › Quad/Graphics (QUAD) › Q3 2026
Quad/Graphics (QUAD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Quad/Graphics (QUAD) reported revenue of $587M for the third quarter 2026 (Q3 2026), -0.2% from a year earlier and +2% from the quarter before. Operating margin was 2.4%, net earnings $5.5M (0.9% of revenue).
Quad/Graphics, Q3 2026: revenue $587M (-0.2% year over year), operating margin 2.4%, net earnings $5.5M, operating cash flow −$21.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $587M | +2% | -0.2% |
| Operating profit | $13.9M | -7% | -47% |
| Net earnings | $5.5M | +49% | -46% |
| Operating cash flow | −$21.5M | -141% | — |
What changed
Revenue was $586.7M in Q3 2026, roughly flat year over year and up 2% from the previous quarter. Catalog, publications, retail inserts and directories was the largest line at 51% of revenue. Catalog, publications, retail inserts and directories lost $10.7M year over year (down 3%), 823% of the total change.
Operating profit was $13.9M, a 2.4% margin (down 2.1 points year over year). Total costs grew 2% against flat revenue. The fastest-growing cost line was Other operating costs (+39%). Net earnings were $5.5M, down 46% year over year. The effective tax rate was -25.0%.
Operating cash flow was −$21.5M. Non-cash charges added back $17.8M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $46.5M. Capital expenditures of $12.3M exceeded it, leaving free cash flow of −$33.8M.
Questions
What was Quad/Graphics' revenue in the third quarter 2026?
Quad/Graphics (QUAD) reported revenue of $587M for the third quarter 2026 (Q3 2026), -0.2% from a year earlier and +2% from the quarter before.
Was Quad/Graphics profitable in the third quarter 2026?
Operating profit was $13.9M (2.4% of revenue) and net earnings $5.5M.
Source: Quad/Graphics 10-Q on SEC EDGAR.