Filing Flows › Westlake (WLK) › Q3 2026 › vs Q2 2026
Westlake (WLK) Q3 2026 vs Q2 2026 (quarter over quarter)
Westlake's revenue fell $290M (-9%) from $3.3B in Q2 2026 to $3.0B in Q3 2026. Gross margin 12.8% against 19.9% (-7.1 pts).
Westlake, Q3 2026: revenue $3.0B (+5% year over year), operating margin 1.4%, net earnings $18.0M, operating cash flow $395M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 12.8% | 19.9% | -7.1 pts |
| Operating margin | 1.4% | 11.1% | -9.7 pts |
| Net margin | 0.6% | 8.3% | -7.7 pts |
| Free cash flow margin | 7.4% | 3.4% | +4.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $3.0B | $3.3B | −$290M | -9% |
| Gross profit | $382M | $652M | −$270M | -41% |
| Cost of revenue | $2.6B | $2.6B | −$20.0M | -0.8% |
| Operating profit | $43.0M | $364M | −$321M | -88% |
| Operating expenses | $339M | $288M | $51.0M | +18% |
| Pre-tax earnings | $8.0M | $338M | −$330M | -98% |
| Other expense, net | $35.0M | $26.0M | $9.0M | +35% |
| SG&A | $250M | $253M | −$3.0M | -1% |
| Other operating costs | $89.0M | $35.0M | $54.0M | +154% |
| Income tax benefit | $10.0M | −$67.0M | $77.0M | — |
| Net earnings | $18.0M | $271M | −$253M | -93% |
| Depreciation & amortization | $290M | $286M | $4.0M | +1% |
| Share-based compensation | $12.0M | $13.0M | −$1.0M | -8% |
| Working capital & other | $75.0M | −$252M | $327M | — |
| Operating cash flow | $395M | $318M | $77.0M | +24% |
| Free cash flow (OCF − capex) | $220M | $111M | $109M | +98% |
| Capital expenditures | $175M | $207M | −$32.0M | -15% |
Questions
How much did Westlake's revenue grow quarter over quarter in Q3 2026?
Westlake's revenue fell $290M (-9%) from $3.3B in Q2 2026 to $3.0B in Q3 2026. Gross margin 12.8% against 19.9% (-7.1 pts).