Filing Flows › Seaboard (SEB) › Q3 2026
Seaboard (SEB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Seaboard (SEB) reported revenue of $2.8B for the third quarter 2026 (Q3 2026), +9% from a year earlier and -5% from the quarter before. Operating margin was 0.5%, net earnings $29.0M (1.0% of revenue).
Seaboard, Q3 2026: revenue $2.8B (+9% year over year), operating margin 0.5%, net earnings $29.0M, operating cash flow $266M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | -5% | +9% |
| Gross profit | $132M | -40% | -33% |
| Operating profit | $13.0M | -87% | -85% |
| Net earnings | $29.0M | -81% | -74% |
| Operating cash flow | $266M | 11× | -17% |
| Free cash flow | $165M | — | +9% |
What changed
Revenue was $2.8B in Q3 2026, up 9% year over year and down 5% from the previous quarter. CT&M was the largest line at 54% of revenue. CT&M added $0.15B year over year (up 11%), 65% of the total change. Power declined 42%.
Gross margin was 4.8%, down 3.0 points from Q3 2025. Operating profit was $0.01B, a 0.5% margin (down 2.8 points year over year). Operating profit fell $0.07B even though revenue rose $0.23B versus Q3 2025, so costs grew faster than sales. Operating expenses grew 4% against revenue growth of 9%. Net earnings were $0.03B, down 74% year over year. The effective tax rate was 21.6%. Non-operating items added $0.02B, 65% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.27B (down 17% year over year), 917% of net income including minority interests. Non-cash charges added back $0.08B of depreciation and amortization. Working capital and other items added $0.15B. Capital expenditures of $0.10B left free cash flow of $0.17B.
Questions
What was Seaboard's revenue in the third quarter 2026?
Seaboard (SEB) reported revenue of $2.8B for the third quarter 2026 (Q3 2026), +9% from a year earlier and -5% from the quarter before.
Was Seaboard profitable in the third quarter 2026?
Operating profit was $13.0M (0.5% of revenue) and net earnings $29.0M.
Source: Seaboard 10-Q on SEC EDGAR.