Ducommun (DCO) Q3 FY2026 earnings: revenue $227 million, up 5.9% on the year

Ducommun Inc. (DCO) reported revenue of $227 million for Q3 FY2026, the quarter ended 3 October 2026, up 5.9% on the same quarter a year earlier. Net income was $14 million, and diluted earnings per share $0.89. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$227 million

+5.9% on the year · +1.1% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

11.4%

-35.1% a year earlier

Q4 FY2024Q3 FY2026

Net income

$14 million

-31.9% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.89

-32.1% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Record quarterly revenue: Net revenue was $227.0 million, up from $214.4 million in the third quarter of 2025, an increase the company described as 6%. Prior-year figure is as restated in the 10-K/A.
Commercial aerospace drove growth: Commercial aerospace end-use revenue rose $21.1 million on higher rates across large aircraft, business jets, rotary-wing and commercial electronics, partly offset by a $9.2 million decline in military and space.
Net income swung to a profit: Net income was $13.9 million, or $0.89 per diluted share, against a net loss of $60.8 million a year earlier. The prior year included $99.7 million of litigation settlement and related costs.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	227	224	214	+1.1%	+5.9%
Cost of revenue	161	162	155	-0.1%	+3.8%
Gross profit	65.6	62.9	59.0	+4.2%	+11.2%
Gross margin	28.9%	28.0%	27.5%
Selling, general and administrative	39.8	34.6	34.0	+15.1%	+17.0%
Operating income	25.8	28.3	-75.3	-9.0%
Operating margin	11.4%	12.6%	-35.1%
Pre-tax income	18.8	24.8	-78.2	-24.1%
Income tax	4.9	4.4	-17.4	+12.2%
Effective tax rate	26.3%	17.8%	n/a
Net income	13.9	20.4	-60.8	-31.9%
Net margin	6.1%	9.1%	-28.4%
Diluted EPS	$0.89	$1.31	-$4.06	-32.1%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	32.7	33.5	18.1	-2.6%	+80.5%
Capital expenditure	5.8	3.6	2.1	+61.9%	+177.2%
Free cash flow	26.9	30.0	16.0	-10.3%	+67.9%
Free cash flow margin	11.8%	13.3%	7.5%
Cash from investing	-5.8	-3.5	-2.1
Cash from financing	-27.5	-29.3	-2.2
Depreciation and amortisation	8.3	8.6	8.3	-2.5%	+0.0%
Share-based compensation	5.6	5.4	5.8	+4.4%	-3.8%
Diluted shares, weighted	16m	16m	15m	+0.0%	+3.9%
Shares outstanding at period end	15m	15m	15m	+0.2%	+1.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	713	690	649	+3.3%	+9.9%
Debt	250	276	228	-9.5%	+10.0%
Operating lease liabilities	49.8	51.7	36.1	-3.6%	+37.8%
Other liabilities	241	206	336	+17.1%	-28.2%
Total liabilities and equity	1,254	1,225	1,249	+2.4%	+0.5%
Fixed assets	101	106	107	-4.0%	-5.6%
Goodwill	245	245	245	0.0%	0.0%
Intangible assets	120	124	137	-3.4%	-12.2%
Cash and equivalents	39.2	39.8	50.9	-1.5%	-23.0%
Receivables	163	147	111	+11.1%	+46.6%
Inventory	196	192	193	+2.1%	+1.5%
Other assets	390	371	405	+5.0%	-3.6%
Total assets	1,254	1,225	1,249	+2.4%	+0.5%

Questions

What was Ducommun's revenue in Q3 FY2026?

Ducommun (DCO) reported revenue of $227 million for Q3 FY2026, the quarter ended 3 October 2026, up 5.9% on the same quarter a year earlier.

How much did Ducommun earn in Q3 FY2026?

Net income for Q3 FY2026 was $14 million, and diluted earnings per share $0.89.

When did Ducommun report Q3 FY2026 results?

Ducommun filed its 10-Q for the quarter ended 3 October 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024	Q1 FY2025 †	Q2 FY2025 †	Q3 FY2025 †	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	165	163	174	187	188	181	187	196	192	192	196	201	197	192	201	214	217	209	224	227
Cost of revenue	128	131	140	148	150	144	147	152	151	145	145	149	151	142	148	155	158	153	162	161
Gross profit	37.3	32.5	34.6	38.6	38.6	36.8	40.1	44.6	41.7	47.1	51.1	52.7	46.4	50.5	53.0	59.0	59.2	56.2	62.9	65.6
Gross margin	23%	20%	20%	21%	20%	20%	21%	23%	22%	25%	26%	26%	24%	26%	26%	27%	27%	27%	28%	29%
SG&A	25.4	23.4	24.2	24.8	26.0	26.2	30.3	32.2	31.0	33.1	46.6	35.3	33.6	45.0	34.6	34.0	34.1	40.5	34.6	39.8
Operating income	11.8	9.1	7.8	13.2	9.7	6.4	5.0	8.6	8.9	12.6	3.3	15.4	10.9	5.0	17.7	-75.3	16.9	15.7	28.3	25.8
Operating margin	7%	6%	4%	7%	5%	4%	3%	4%	5%	7%	2%	8%	6%	3%	9%	-35%	8%	8%	13%	11%
Pre-tax income	142	9.7	5.1	9.9	8.6	6.0	3.3	3.2	3.8	8.7	-0.7	11.6	7.2	1.7	16.5	-78.2	12.8	11.7	24.8	18.8
Tax rate	22%	17%	19%	15%	6%	13%	29%	1%	-35%	27%	n/a	19%	9%	18%	23%	n/a	27%	15%	18%	26%
Net income	111	8.1	4.1	8.5	8.1	5.2	2.4	3.2	5.1	6.4	-0.7	9.4	6.6	1.4	12.8	-60.8	9.3	9.9	20.4	13.9
Net margin	67%	5%	2%	5%	4%	3%	1%	2%	3%	3%	-0%	5%	3%	1%	6%	-28%	4%	5%	9%	6%
Diluted EPS	$9.05	$0.66	$0.34	$0.69	$0.65	$0.42	$0.17	$0.22	$0.34	$0.43	-$0.05	$0.63	$0.44	$0.09	$0.84	-$4.06	$0.60	$0.64	$1.31	$0.89
Operating cash flow	11.7	-18.9	25.0	-5.5	32.0	-18.9	9.2	14.3	26.5	-1.6	3.5	13.9	18.4	0.8	22.4	18.1	-74.7	11.2	33.5	32.7
Capital expenditure	6.1	4.8	4.2	5.3	5.3	5.4	5.6	5.1	3.5	5.0	3.3	2.0	3.8	4.8	4.3	2.1	4.1	2.9	3.6	5.8
Free cash flow	5.6	-23.7	20.7	-10.8	26.7	-24.3	3.6	9.2	23.0	-6.6	0.1	12.0	14.6	-4.0	18.1	16.0	-78.8	8.3	30.0	26.9
Shares outstanding	12m	12m	12m	12m	12m	12m	15m	15m	15m	15m	15m	15m	15m	15m	15m	15m	15m	15m	15m	15m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-K/A	10-K/A	10-K/A	10-K/A	10-K/A	10-K/A	10-K/A	10-K/A	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 3 October 2026, filed 5 November 2026: the filing.