Filing Flows › Reliance (RS) › Q3 2026
Reliance (RS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 27, 2026
Reliance (RS) reported revenue of $5.2B for the third quarter 2026 (Q3 2026), +43% from a year earlier and +13% from the quarter before. Operating margin was 10.6%, net earnings $403M (7.7% of revenue).
Reliance, Q3 2026: revenue $5.2B (+43% year over year), operating margin 10.6%, net earnings $403M, operating cash flow $212M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.2B | +13% | +43% |
| Operating profit | $552M | +25% | +113% |
| Net earnings | $403M | +25% | +112% |
| Operating cash flow | $212M | +31% | -19% |
| Free cash flow | $133M | — | -26% |
What changed
Revenue was $5.2B in Q3 2026, up 43% year over year and up 13% from the previous quarter. Carbon steel was the largest line at 60% of revenue. Carbon steel added $1.1B year over year (up 53%), 70% of the total change.
Operating profit was $0.55B, a 10.6% margin (up 3.5 points year over year). Of the extra revenue versus Q3 2025, 19% reached operating profit, above the 7% margin then. Total costs grew 37% against revenue growth of 43%. The fastest-growing cost line was Cost of revenue (+44%). Net earnings were $0.40B, up 113% year over year. The effective tax rate was 24.2%.
Operating cash flow was $0.21B (down 19% year over year), 53% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.28B. After capital expenditures ($0.08B), free cash flow as the company reports it was $0.13B.
Questions
What was Reliance's revenue in the third quarter 2026?
Reliance (RS) reported revenue of $5.2B for the third quarter 2026 (Q3 2026), +43% from a year earlier and +13% from the quarter before.
Was Reliance profitable in the third quarter 2026?
Operating profit was $552M (10.6% of revenue) and net earnings $403M.
Source: Reliance 10-Q on SEC EDGAR.