Filing Flows › Tennessee Valley Authority (TVE) › Q3 FY26 › vs Q2 FY26
Tennessee Valley Authority (TVE) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Tennessee Valley Authority's revenue fell $104M (-3%) from $3.5B in Q2 FY26 to $3.4B in Q3 FY26. Operating margin 17.8% against 20.1% (-2.4 pts).
Tennessee Valley Authority, Q3 FY26: revenue $3.4B (+4% year over year), operating margin 17.8%, net earnings $307M, operating cash flow $777M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 17.8% | 20.1% | -2.4 pts |
| Net margin | 8.9% | 11.1% | -2.1 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $3.4B | $3.5B | −$104M | -3% |
| Operating profit | $611M | $714M | −$103M | -14% |
| Costs & expenses | $2.8B | $2.8B | −$1.0M | 0% |
| Pre-tax earnings | $307M | $392M | −$85.0M | -22% |
| Other expense, net | $304M | $322M | −$18.0M | -6% |
| Net earnings | $307M | $392M | −$85.0M | -22% |
| Depreciation & amortization | $455M | $517M | −$62.0M | -12% |
| Working capital & other | $15.0M | −$133M | $148M | — |
| Operating cash flow | $777M | $776M | $1.0M | +0.1% |
| Capital expenditures | $878M | $852M | $26.0M | +3% |
| Negative free cash flow (OCF − capex) | $101M | $76.0M | $25.0M | +33% |
Questions
How much did Tennessee Valley Authority's revenue grow quarter over quarter in Q3 FY26?
Tennessee Valley Authority's revenue fell $104M (-3%) from $3.5B in Q2 FY26 to $3.4B in Q3 FY26. Operating margin 17.8% against 20.1% (-2.4 pts).