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Phinia (PHIN) Q3 FY2026 earnings: revenue $912 million, up 0.4% on the year

Phinia Inc. (PHIN) reported revenue of $912 million for Q3 FY2026, the quarter ended 30 September 2026, up 0.4% on the same quarter a year earlier. Net income was $67 million, up 415.4% on the year, and diluted earnings per share $1.80. The figures are the company's own, from the 10-Q it filed with the SEC on 29 October 2026.

Revenue$912 millionup 0.4%
Net income$67 millionup 415.4%
Diluted EPS$1.80
QuarterQ3 FY2026ended 30 September 2026

What management said

Guidance figures: 6 raised.

  • Net earnings and diluted EPS rose: Net earnings were $67 million, or $1.80 per diluted share, compared with $13 million and $0.33 a year earlier. Adjusted net earnings were $68 million, or $1.83 per adjusted diluted share.
  • Adjusted EBITDA margin up 20 bps: Adjusted EBITDA margin was 14.8%, against 14.6% a year earlier, primarily reflecting the timing of tariff recovery mechanisms. Management said this came despite higher R&D spending and investments in customer relationships.
  • Tariff refunds reduced third-quarter sales: The prior-year third quarter benefited from tariff cost recoveries. The current quarter carried reductions for tariff cost refunds to be returned to customers.
Read the earnings call summary

The quarter, against the one before and a year earlier

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Revenue912940908+0.4%
Cost of revenue708724708+0.0%
Gross profit204216200+2.0%
Gross margin22.4%23.0%22.0%
Research and development25.033.020.0+25.0%
Selling, general and administrative111128105+5.7%
Operating income84.080.034.0+147.1%
Operating margin9.2%8.5%3.7%
Pre-tax income70.067.019.0+268.4%
Income tax3.027.06.0-50.0%
Effective tax rate4.3%40.3%31.6%
Net income67.040.013.0+415.4%
Net margin7.3%4.3%1.4%
Diluted EPS$1.80$1.05$0.33+445.5%
$ million except per share.
Read moreFree 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.

Cash flow and capital returned

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Operating cash flow87.091.0119-26.9%
Capital expenditure17.022.026.0-34.6%
Free cash flow70.069.093.0-24.7%
Free cash flow margin7.7%7.3%10.2%
Cash from investing-17.0-21.0-35.0n/a
Cash from financing-6.0-31.0-76.0n/a
Depreciation and amortisation41.041.040.0+2.5%
Share-based compensation5.07.05.0+0.0%
Dividends paid11.011.011.0+0.0%
Dividend per share$0.30$0.30$0.27+11.1%
Diluted shares, weighted37m38m40m-6.3%
Shares outstanding at period end36m37m38m-6.5%

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

Balance sheet at quarter end

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Shareholders' equity1,5251,5411,586-3.8%
Short-term borrowingsn/an/a2.0n/a
Debt1,0931,019990+10.4%
Operating lease liabilities24.024.035.0-31.4%
Other liabilities1,3171,2581,374-4.1%
Total liabilities and equity3,9593,8423,987-0.7%
Goodwill510509509+0.2%
Intangible assets366376406-9.9%
Cash and equivalents436370349+24.9%
Receivables902853898+0.4%
Inventory485475523-7.3%
Other assets1,2601,2591,302-3.2%
Total assets3,9593,8423,987-0.7%

Questions

What was Phinia's revenue in Q3 FY2026?

Phinia (PHIN) reported revenue of $912 million for Q3 FY2026, the quarter ended 30 September 2026, up 0.4% on the same quarter a year earlier.

How much did Phinia earn in Q3 FY2026?

Net income for Q3 FY2026 was $67 million, up 415.4% on the year, and diluted earnings per share $1.80.

When did Phinia report Q3 FY2026 results?

Phinia filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 29 October 2026.

Quarterly results, the last 19 quarters

Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022Q1 FY2023Q2 FY2023Q3 FY2023 †Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue842796859851835887896882863868839833796890908889878940912
Cost of revenuen/an/a658n/a663698719696671680652644624693708696690724708
Gross profit174158201188172189177186192188187189172197200193188216204
Gross margin21%20%23%22%21%21%20%21%22%22%22%23%22%22%22%22%21%23%22%
R&Dn/a29.024.0n/a29.028.024.027.027.030.026.029.028.030.020.027.029.033.025.0
SG&A10010110010699.0103104107104112108118107112105121115128111
Operating income71.049.011187.058.056.046.081.071.071.066.051.062.089.034.069.069.080.084.0
Operating margin8%6%13%10%7%6%5%9%8%8%8%6%8%10%4%8%8%9%9%
Pre-tax income78.054.012194.058.056.030.062.056.037.053.041.050.075.019.054.057.067.070.0
Tax raten/a24%26%n/a40%38%103%47%48%62%42%88%48%39%32%17%35%40%4%
Net income57.041.089.075.035.035.0-1.033.029.014.031.05.026.046.013.045.037.040.067.0
Net margin7%5%10%9%4%4%-0%4%3%2%4%1%3%5%1%5%4%4%7%
Diluted EPS$1.21$0.87$1.89$1.60$0.74$0.74-$0.02$0.70$0.62$0.31$0.70$0.12$0.63$1.14$0.33$1.15$0.96$1.05$1.80
Operating cash flown/an/a45.0n/a-33.066.015562.031.010995.073.040.057.011996.053.091.087.0
Capital expendituren/an/a26.0n/a38.042.037.033.043.017.025.020.035.034.026.029.032.022.017.0
Free cash flown/an/a19.0n/a-71.024.011829.0-12.092.070.053.05.023.093.067.021.069.070.0
Dividends paidn/an/an/an/a0.00.012.011.012.011.010.011.011.010.011.010.011.011.011.0
Shares outstanding46m47m47m46m46m47m47m46m46m44m42m42m40m39m38m38m37m37m36m
Filing10-K10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* 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 30 September 2026, filed 29 October 2026: the filing.