Filing Flows › VSE (VSEC) › Q3 2026 › vs Q2 2026
VSE (VSEC) Q3 2026 vs Q2 2026 (quarter over quarter)
VSE's revenue rose $91.9M (+20%) from $449M in Q2 2026 to $541M in Q3 2026. The biggest changes: Services +$72.3M (+29%); Products +$19.6M (+10%). Operating margin 14.3% against 10.9% (+3.4 pts).
VSE, Q3 2026: revenue $541M (+91% year over year), operating margin 14.3%, net earnings $47.3M, operating cash flow $56.0M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 14.3% | 10.9% | +3.4 pts |
| Net margin | 8.7% | 6.4% | +2.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Services | $318M | $246M | $72.3M | +29% |
| Products | $223M | $203M | $19.6M | +10% |
| Revenue | $541M | $449M | $91.9M | +20% |
| Operating profit | $77.5M | $49.0M | $28.5M | +58% |
| Costs & expenses | $464M | $400M | $63.4M | +16% |
| Pre-tax earnings | $63.4M | $39.3M | $24.1M | +61% |
| Other expense, net | $14.1M | $9.7M | $4.4M | +45% |
| SG&A | $5.3M | $9.0M | −$3.8M | -42% |
| Other operating costs | $458M | $391M | $67.1M | +17% |
| Net earnings | $47.3M | $28.5M | $18.7M | +66% |
| Income tax | $16.1M | $10.7M | $5.4M | +50% |
| Depreciation & amortization | $30.1M | $24.0M | $6.2M | +26% |
| Share-based compensation | $4.3M | $4.1M | $245K | +6% |
| Working capital & other | $25.7M | $29.0M | −$3.3M | -11% |
| Operating cash flow | $56.0M | $27.6M | $28.4M | +103% |
Questions
How much did VSE's revenue grow quarter over quarter in Q3 2026?
VSE's revenue rose $91.9M (+20%) from $449M in Q2 2026 to $541M in Q3 2026.
What drove VSE's revenue change in Q3 2026?
Services +$72.3M (+29%); Products +$19.6M (+10%).