Filing Flows › Valaris (VAL) › Q3 2026 › vs Q2 2026
Valaris (VAL) Q3 2026 vs Q2 2026 (quarter over quarter)
Valaris's revenue rose $54.4M (+10%) from $539M in Q2 2026 to $594M in Q3 2026. Operating margin 13.7% against 9.5% (+4.2 pts).
Valaris, Q3 2026: revenue $594M (-0.4% year over year), operating margin 13.7%, net earnings $46.1M, operating cash flow $67.2M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.7% | 9.5% | +4.2 pts |
| Net margin | 7.8% | 9.3% | -1.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $594M | $539M | $54.4M | +10% |
| Other income, net | $20.1M | $29.5M | −$9.4M | -32% |
| Operating profit | $81.3M | $51.1M | $30.2M | +59% |
| Costs & expenses | $512M | $488M | $24.2M | +5% |
| Pre-tax earnings | $101M | $80.6M | $20.8M | +26% |
| Cost of revenue | $417M | $416M | $1.8M | +0.4% |
| General & admin | $25.7M | $27.2M | −$1.5M | -6% |
| Other operating costs | $69.3M | $45.4M | $23.9M | +53% |
| Net earnings | $46.1M | $50.4M | −$4.3M | -9% |
| Minority interests | $600K | −$3.4M | $4.0M | — |
| Income tax | $54.7M | $33.6M | $21.1M | +63% |
| Share-based compensation | $10.6M | $9.2M | $1.4M | +15% |
| Working capital & other | $10.5M | −$46.5M | $57.0M | — |
| Operating cash flow | $67.2M | $13.1M | $54.1M | +413% |
| Capital expenditures | $122M | $106M | $16.1M | +15% |
| Negative free cash flow (OCF − capex) | $54.4M | $92.4M | −$38.0M | -41% |
Questions
How much did Valaris's revenue grow quarter over quarter in Q3 2026?
Valaris's revenue rose $54.4M (+10%) from $539M in Q2 2026 to $594M in Q3 2026. Operating margin 13.7% against 9.5% (+4.2 pts).