Axalta Coating Systems (AXTA) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Axalta Coating Systems published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Axalta Coating Systems reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted Diluted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Axalta agreed in November 2025 to combine with AkzoNobel in an all-stock merger. Shareholders of both companies approved it on August 5, 2026, and Axalta expects it to close in early 2027, subject to regulatory approvals. On October 20, 2026 Axalta said it plans to divest its North American Building Products business to address regulatory requirements.
• Axalta reports no intercompany sales between its two segments, so the segment rows add up to total net sales.

Source: Axalta Q3 2026 results (Form 8-K, Exhibit 99), October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Axalta Coating Systems splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Axalta Coating Systems's Performance Coatings revenue was $818 million in Q3 2026, down 1% from $828 million in Q3 2025, 62% of total revenue.
• Axalta Coating Systems's Mobility Coatings revenue was $493 million in Q3 2026, up 7% from $460 million in Q3 2025, 38% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Axalta gives its outlook as a table. In each row the first figure is Q4 2026 and the second is full-year 2026; LSD means a low single digit percentage. The last line is a footnote to the full-year free cash flow outlook of about $450 million.

In its Q3 2026 release, Axalta Coating Systems said:

“Net Sales (YoY% growth) ~FLAT LSD%”

“Adjusted EBITDA $254-$264 $1,100-$1,110”

“Adjusted Diluted EPS ~$0.55 ~$2.45”

“Includes ~$80M of merger and acquisition-related cash costs”

Source: Axalta Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the AXTA forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted net income per share, each as first reported in that quarter's earnings release.

We do not hold a confirmed date for Axalta Coating Systems's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Axalta Coating Systems sells coatings through two segments that serve four end-markets. In Q3 2026 Performance Coatings had net sales of $818 million, made up of Refinish ($504 million) and Industrial ($314 million), and Mobility Coatings had $493 million, made up of Light Vehicle ($374 million) and Commercial Vehicle ($119 million). Total net sales were $1,311 million, up 1.8% from $1,288 million. (Axalta Q3 2026 earnings release, Oct 29, 2026; Axalta Form 10-Q, Q3 2026, Oct 29, 2026)

Axalta breaks the 1.8% change into a 0.9% exchange rate effect, 0.8% from recent acquisitions and 0.4% from price and mix, against a 0.3% drop in volume. The volume loss was mainly in Performance Coatings in Europe. (Axalta Form 10-Q, Q3 2026, Oct 29, 2026)

Refinish, coatings sold to body shops for collision repair, fell 2.3% to $504 million on lower volumes in Europe. Axalta's 10-K says refinish demand is driven by the number of vehicle collisions, the miles people drive and the size of the car parc. Outside Europe, Performance Coatings sales were down low single digits in North America and up high single digits in Latin America and Asia Pacific. (Axalta Q3 2026 earnings release, Oct 29, 2026; Axalta Form 10-K, 2025, Feb 13, 2026)

Mobility Coatings posted record quarterly net sales of $493 million, up 7.0%. Commercial Vehicle rose 24.4% to $119 million on higher Class 8 truck production in North America, while Light Vehicle grew 2.4%, mostly from currency translation. (Axalta Q3 2026 earnings release, Oct 29, 2026; Axalta Form 10-Q, Q3 2026, Oct 29, 2026)

By region, North America contributed $445 million, EMEA $443 million, Asia Pacific $238 million and Latin America $185 million. Customers in China were about 12% of the quarter's net sales, Germany about 7% and Mexico about 7%. (Axalta Form 10-Q, Q3 2026, Oct 29, 2026)

Axalta's GAAP diluted EPS fell to $0.44 from $0.51, and net income dropped $15 million to $95 million. Axalta said the decrease was primarily driven by an incremental $14 million of merger and acquisition-related expenses; those costs were $19 million in the quarter, against $5 million a year earlier. (Axalta Q3 2026 earnings release, Oct 29, 2026)

Adjusted Diluted EPS was $0.63, down from $0.67. It adds back merger and acquisition-related costs, $26 million of amortization of acquired intangibles, $5 million of termination benefits and other items, net of $8 million of income tax impacts. Axalta said lower volumes in Performance Coatings and higher raw material and freight costs were partly offset by lower interest expense, which fell to $37 million from $45 million as it paid down debt. (Axalta Q3 2026 earnings release, Oct 29, 2026)

Diluted weighted average shares were 215.1 million, against 215.9 million a year earlier. Axalta bought back no stock in the first nine months of 2026, after $165 million of repurchases in the same period of 2025. (Axalta Q3 2026 earnings release, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Axalta Coating Systems publishes a quarterly and full-year outlook in its release. For Q4 2026 it expects net sales about flat year over year, Adjusted EBITDA of $254 million to $264 million and Adjusted Diluted EPS of about $0.55. (Axalta Q3 2026 earnings release, Oct 29, 2026)

For full-year 2026 Axalta guides net sales growth in the low single digits, Adjusted EBITDA of $1,100 million to $1,110 million, Adjusted Diluted EPS of about $2.45 and free cash flow of about $450 million, which includes about $80M of merger and acquisition-related cash costs. It also assumes an adjusted tax rate of about 24% and about 215 million diluted shares. (Axalta Q3 2026 earnings release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Axalta Coating Systems, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Axalta Coating Systems's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AXTA is on is AXTA a buy or a sell?, what analysts expect next is on the AXTA forecast, and what the company does is on the Axalta Coating Systems (AXTA) stock page.

Every number on this page can be traced to a document Axalta Coating Systems published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.