Filing Flows › Scotts Miracle-Gro (SMG) › Q3 FY26
Scotts Miracle-Gro (SMG) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 5, 2026
Scotts Miracle-Gro (SMG) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +1% from a year earlier and -20% from the quarter before. Operating margin was 14.5%, net earnings $112M (9.6% of revenue).
Scotts Miracle-Gro, Q3 FY26: revenue $1.2B (+1% year over year), operating margin 14.5%, net earnings $112M, operating cash flow $346M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -20% | +1% |
| Gross profit | $366M | -40% | -2% |
| Operating profit | $170M | -58% | -24% |
| Net earnings | $112M | -53% | -25% |
| Operating cash flow | $346M | +57% | -24% |
| Free cash flow | $321M | +59% | -27% |
What changed
Revenue was $1.2B in Q3 FY26, up 1% year over year and down 20% from the previous quarter. U.S. Consumer reportable segment was the largest line at 88% of revenue. Other non-reportable operating segment added $0.01B year over year (up 8%), 79% of the total change.
Gross margin was 31.2%, down 0.9 points from Q3 FY25. Operating profit was $0.17B, a 14.5% margin (down 4.7 points year over year). Operating profit fell $0.05B even though revenue rose $0.01B versus Q3 FY25, so costs grew faster than sales. Operating expenses grew 30% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+731%). Net earnings were $0.11B, down 25% year over year. The effective tax rate was 31.5%.
Operating cash flow was $0.35B (down 24% year over year), 308% of net earnings. Non-cash charges added back $0.02B of depreciation and $0.01B of share-based compensation. Working capital and other items added $0.21B. Capital expenditures of $0.02B left free cash flow of $0.32B.
Questions
What was Scotts Miracle-Gro's revenue in the third quarter fiscal 2026?
Scotts Miracle-Gro (SMG) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +1% from a year earlier and -20% from the quarter before.
Was Scotts Miracle-Gro profitable in the third quarter fiscal 2026?
Operating profit was $170M (14.5% of revenue) and net earnings $112M.
Source: Scotts Miracle-Gro 10-Q on SEC EDGAR.