Ralliant (RAL) Q3 FY2026 earnings: revenue $620 million, up 17.2% on the year

Ralliant Corp. (RAL) reported revenue of $620 million for Q3 FY2026, the quarter ended 2 October 2026, up 17.2% on the same quarter a year earlier. Net income was $86 million, up 115.8% on the year, and diluted earnings per share $0.77. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$620 million

+17.2% on the year · +9.2% on the quarter

Q3 FY2024Q3 FY2026

Operating margin

18.9%

9.8% a year earlier

Q3 FY2024Q3 FY2026

Net income

$86 million

+115.8% on the year · +50.5% on the quarter

Q3 FY2024Q3 FY2026

Diluted EPS

$0.77

+120.0% on the year · +51.0% on the quarter

Q3 FY2024Q3 FY2026

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

What management said

Guidance figures: 4 raised, 3 lowered, 6 new, 3 kept.

Revenue up 17% on both bases: Revenue of $620.1 million rose 17%, with organic growth also at 17%. Both segments grew by double digits. Revenue growth accelerated across both segments, according to management.
Sensors & Safety Systems growth and margin: S&SS operating profit was $111.6 million at a 29.7% margin. Adjusted EBITDA was $114.8 million, a 30.5% margin, up 270 basis points on a normalized basis.
Test & Measurement recovers to profit: T&M operating profit was $21.7 million at an 8.9% margin, against a $1.7 million loss a year earlier. Adjusted EBITDA margin was 19.3%, up 670 basis points on a normalized basis.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	620	568	529	+9.2%	+17.2%
Cost of revenue	290	275	260	+5.7%	+11.5%
Gross profit	330	293	269	+12.5%	+22.7%
Gross margin	53.2%	51.6%	50.8%
Research and development	42.5	44.7	38.8	-4.9%	+9.5%
Selling, general and administrative	170	166	178	+2.2%	-4.6%
Operating income	118	82.2	52.0	+42.9%	+126.0%
Operating margin	18.9%	14.5%	9.8%
Interest expense	13.5	13.8	16.3	-2.2%	-17.2%
Pre-tax income	104	68.5	35.2	+51.1%	+194.0%
Income tax	17.4	11.3	-4.7	+54.0%
Effective tax rate	16.8%	16.5%	-13.4%
Net income	86.1	57.2	39.9	+50.5%	+115.8%
Net margin	13.9%	10.1%	7.5%
Diluted EPS	$0.77	$0.51	$0.35	+51.0%	+120.0%

$ 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.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	111	106	139	+5.5%	-19.7%
Capital expenditure	9.4	6.4	12.0	+46.9%	-21.7%
Free cash flow	102	99.1	127	+2.8%	-19.5%
Free cash flow margin	16.4%	17.5%	23.9%
Cash from investing	-9.4	-5.8	-12.0
Cash from financing	-5.3	-97.4	-60.9
Depreciation and amortisation	28.8	30.1	30.0	-4.3%	-4.0%
Share-based compensation	12.6	11.8	31.3	+6.8%	-59.7%
Buybacks	0.0	101	0.0
Dividends paid	5.6	5.5	5.6	+1.8%	0.0%
Dividend per share	$0.05	$0.05	$0.05	0.0%	0.0%
Diluted shares, weighted	112m	113m	113m	-0.1%	-0.8%
Shares outstanding at period end	111m	111m	113m	+0.2%	-1.8%

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	1,617	1,534	2,964	+5.4%	-45.5%
Debt	1,149	1,148	1,149	+0.0%	+0.0%
Other liabilities	1,046	1,023	1,152	+2.2%	-9.3%
Total liabilities and equity	3,811	3,706	5,265	+2.8%	-27.6%
Fixed assets	214	214	212	+0.2%	+1.2%
Goodwill	1,612	1,615	3,113	-0.2%	-48.2%
Intangible assets	708	737	815	-4.0%	-13.2%
Cash and equivalents	366	271	264	+35.0%	+38.5%
Receivables	322	292	310	+10.5%	+4.1%
Inventory	344	337	303	+2.2%	+13.7%
Other assets	245	241	249	+1.8%	-1.5%
Total assets	3,811	3,706	5,265	+2.8%	-27.6%

Questions

What was Ralliant's revenue in Q3 FY2026?

Ralliant (RAL) reported revenue of $620 million for Q3 FY2026, the quarter ended 2 October 2026, up 17.2% on the same quarter a year earlier.

How much did Ralliant earn in Q3 FY2026?

Net income for Q3 FY2026 was $86 million, up 115.8% on the year, and diluted earnings per share $0.77.

When did Ralliant report Q3 FY2026 results?

Ralliant filed its 10-Q for the quarter ended 2 October 2026 with the SEC on 4 November 2026.

Quarterly results, the last 9 quarters

	Q2 FY2024	Q3 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	534	532	482	503	529	555	535	568	620
Cost of revenue	259	252	238	255	260	275	262	275	290
Gross profit	275	280	243	248	269	280	272	293	330
Gross margin	51%	53%	51%	49%	51%	50%	51%	52%	53%
R&D	38.8	39.9	41.3	42.0	38.8	42.9	43.7	44.7	42.5
SG&A	131	129	128	147	178	163	160	166	170
Operating income	105	111	73.8	58.9	52.0	-1,368	68.1	82.2	118
Operating margin	20%	21%	15%	12%	10%	-247%	13%	14%	19%
Interest expense	n/a	0.0	0.0	0.0	16.3	16.0	14.7	13.8	13.5
Pre-tax income	79.2	111	73.3	58.9	35.2	-1,384	52.9	68.5	104
Tax rate	18%	18%	13%	19%	-13%	n/a	16%	16%	17%
Net income	64.8	90.9	63.9	47.6	39.9	-1,374	44.2	57.2	86.1
Net margin	12%	17%	13%	9%	8%	-248%	8%	10%	14%
Diluted EPS	$0.57	$0.81	$0.57	$0.42	$0.35	-$12.10	$0.39	$0.51	$0.77
Operating cash flow	n/a	138	72.0	85.4	139	102	19.1	106	111
Capital expenditure	n/a	6.1	5.6	11.6	12.0	10.0	8.7	6.4	9.4
Free cash flow	n/a	132	66.4	73.8	127	91.6	10.4	99.1	102
Buybacks	n/a	n/a	0.0	0.0	0.0	n/a	50.5	101	0.0
Dividends paid	n/a	0.0	0.0	0.0	5.6	5.7	5.6	5.5	5.6
Shares outstanding	113m	113m	112m	113m	113m	113m	112m	111m	111m
Filing	10-Q	10-Q	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. 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 2 October 2026, filed 4 November 2026: the filing.