ITT (ITT) Q3 FY2026 earnings: revenue $1.4 billion, up 44.2% on the year

ITT Inc. (ITT) reported revenue of $1.4 billion for Q3 FY2026, the quarter ended 3 October 2026, up 44.2% on the same quarter a year earlier. Net income was $124 million, down 2.6% on the year, and diluted earnings per share $1.38. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$1.4 billion

+44.2% on the year · -2.2% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

15.7%

18.0% a year earlier

Q4 FY2024Q3 FY2026

Net income

$124 million

-2.6% on the year · +45.6% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$1.38

-14.8% on the year · +45.3% on the quarter

Q4 FY2024Q3 FY2026

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

What management said

Guidance figures: 12 raised, 1 lowered, 1 narrowed.

Revenue rose 44% on SPX FLOW: Revenue was $1,440.6 million, up 44.2% from $999.1 million. Management said SPX FLOW contributed 35 points of growth, and organic revenue rose 7.6%.
Adjusted EPS guidance raised: Full-year GAAP EPS is now $4.65 to $4.73, up from $4.47 to $4.67. Adjusted EPS is now $8.54 to $8.62, up from $8.12 to $8.32.
Orders up 58%, 20% organic: Orders were $1,562.6 million, up 57.7% from $991.0 million. Organic orders rose 20.5%, and SPX FLOW was the main driver of reported growth.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	1,441	1,473	999	-2.2%	+44.2%
Cost of revenue	890	963	640	-7.6%	+39.0%
Gross profit	550	510	359	+7.9%	+53.4%
Gross margin	38.2%	34.6%	35.9%
Research and development	35.0	35.8	28.1	-2.2%	+24.6%
Operating income	227	180	180	+25.8%	+26.1%
Operating margin	15.7%	12.2%	18.0%
Interest expense	45.0	49.7	11.7	-9.5%	+284.6%
Pre-tax income	186	135	172	+37.8%	+8.0%
Income tax	61.8	48.7	44.3	+26.9%	+39.5%
Effective tax rate	33.2%	36.0%	25.7%
Net income	124	84.9	127	+45.6%	-2.6%
Net margin	8.6%	5.8%	12.7%
Diluted EPS	$1.38	$0.95	$1.62	+45.3%	-14.8%

$ 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
Capital expenditure	29.0	29.1	27.7	-0.3%	+4.7%
Cash from investing	-48.5	-38.0	-14.9
Cash from financing	-297	-163	-108
Depreciation and amortisation	90.9	93.2	34.5	-2.5%	+163.5%
Share-based compensation	14.1	12.4	11.1	+13.7%	+27.0%
Buybacks	50.1	4.9	0.1	+922.4%	+50,000.0%
Dividends paid	34.6	34.5	27.3	+0.3%	+26.7%
Dividend per share	$0.39	$0.39	$0.35	0.0%	+10.0%
Diluted shares, weighted	90m	90m	78m	0.0%	+14.5%
Shares outstanding at period end	89m	89m	78m	-0.2%	+14.4%

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	4,761	4,800	2,665	-0.8%	+78.7%
Non-controlling interest	8.9	9.1	7.4	-2.2%	+20.3%
Debt	3,513	3,728	996	-5.8%	+252.9%
Operating lease liabilities	94.4	72.2	63.5	+30.7%	+48.7%
Other liabilities	2,472	2,426	1,329	+1.9%	+86.0%
Total liabilities and equity	10,850	11,036	5,060	-1.7%	+114.4%
Fixed assets	794	796	603	-0.2%	+31.7%
Goodwill	3,846	3,874	1,499	-0.7%	+156.5%
Intangible assets	2,957	3,076	441	-3.9%	+571.0%
Cash and equivalents	558	591	516	-5.5%	+8.1%
Receivables	1,040	1,070	808	-2.9%	+28.6%
Inventory	938	932	658	+0.7%	+42.6%
Other assets	717	697	534	+2.9%	+34.2%
Total assets	10,850	11,036	5,060	-1.7%	+114.4%

Questions

What was ITT's revenue in Q3 FY2026?

ITT (ITT) reported revenue of $1.4 billion for Q3 FY2026, the quarter ended 3 October 2026, up 44.2% on the same quarter a year earlier.

How much did ITT earn in Q3 FY2026?

Net income for Q3 FY2026 was $124 million, down 2.6% on the year, and diluted earnings per share $1.38.

When did ITT report Q3 FY2026 results?

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

Quarterly results, the last 20 quarters

	Q3 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	690	726	733	754	775	798	834	822	829	911	906	885	929	913	972	999	1,054	1,212	1,473	1,441
Cost of revenue	468	508	511	520	526	536	554	543	543	610	590	571	613	590	622	640	680	783	963	890
Gross profit	222	218	222	233	248	262	280	279	286	302	317	315	316	323	351	359	374	429	510	550
Gross margin	32%	30%	30%	31%	32%	33%	34%	34%	34%	33%	35%	36%	34%	35%	36%	36%	35%	35%	35%	38%
R&D	22.5	25.0	24.3	24.4	22.8	26.4	25.7	25.0	25.5	30.0	29.7	28.6	28.0	26.9	29.0	28.1	26.8	33.1	35.8	35.0
Operating income	102	94.6	100	122	151	124	142	143	119	150	160	209	160	151	175	180	179	141	180	227
Operating margin	15%	13%	14%	16%	19%	16%	17%	17%	14%	16%	18%	24%	17%	17%	18%	18%	17%	12%	12%	16%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	4.5	4.2	n/a	7.7	7.4	10.0	61.7	9.3	12.6	11.7	81.7	24.7	49.7	45.0
Pre-tax income	101	94.8	100	120	147	121	140	142	118	146	154	200	150	144	164	172	170	129	135	186
Tax rate	14%	21%	24%	14%	21%	17%	22%	21%	21%	23%	22%	19%	15%	24%	26%	26%	22%	38%	36%	33%
Net income	87.5	74.8	74.6	102	115	100	108	111	91.5	112	120	162	127	108	121	127	132	78.0	84.9	124
Net margin	13%	10%	10%	14%	15%	13%	13%	13%	11%	12%	13%	18%	14%	12%	12%	13%	12%	6%	6%	9%
Diluted EPS	$1.01	$0.88	$0.89	$1.23	$1.38	$1.20	$1.31	$1.34	$1.11	$1.35	$1.45	$1.97	$1.54	$1.33	$1.52	$1.62	$1.64	$0.89	$0.95	$1.38
Capital expenditure	17.5	30.0	17.5	26.2	30.2	28.7	17.6	22.2	39.1	27.7	23.2	36.6	36.4	36.8	16.4	27.7	40.4	26.1	29.1	29.0
Buybacks	50.3	164	77.0	4.7	-0.3	30.0	30.0	0.0	0.0	0.0	79.0	25.0	0.5	100	401	0.1	20.1	100	4.9	50.1
Dividends paid	18.9	22.4	21.9	21.8	21.8	24.2	23.9	23.8	23.9	26.5	26.1	26.1	26.0	28.7	27.5	27.3	27.5	35.0	34.5	34.6
Shares outstanding	86m	84m	83m	83m	83m	82m	82m	82m	82m	82m	82m	82m	82m	81m	78m	78m	86m	89m	89m	89m
Filing	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	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.