Gates Industrial Corporation (GTES) Earnings: Q3 2026 Results

The quarter ended September 26, 2026 and Gates Industrial published the results on October 30, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Gates Industrial reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Gates uses a 52/53-week fiscal calendar; Q3 2026 ended September 26, 2026 and Q3 2025 ended September 27, 2025.
• Gates has completed a redomiciliation to Bermuda and now files as Gates Industrial Corp Ltd., formerly Gates Industrial Corporation plc.

Source: Gates Q3 2026 results, October 30, 2026. Also in the Form 10-Q for the quarter ended September 26, 2026. Figures as reported; checked against the release on November 10, 2026.

How Gates Industrial 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.

• Gates Industrial's Power Transmission revenue was $560 million in Q3 2026, up 5% from $533 million in Q3 2025, 62% of total revenue.
• Gates Industrial's Fluid Power revenue was $344 million in Q3 2026, up 7% from $322 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

Gates gives its outlook as a table in the release. Updated full-year 2026 guidance: core sales growth of 3.2% to 3.8% (prior 2.5% to 4.5%), adjusted EBITDA of $809 to $823 million (prior $800 to $830 million), adjusted EPS of $1.66 to $1.72 (prior $1.62 to $1.70), capital expenditures of about $120 million and free cash flow conversion of 90%+.

In its Q3 2026 release, Gates Industrial said:

“The Company is raising its full year 2026 financial guidance.”

“Share-based metrics in the Company's guidance do not include the effect of any potential share repurchases.”

Source: Gates Q3 2026 release, Oct 30, 2026.

This is the company's own guidance as of Oct 30, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the GTES forecast page.

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

GAAP net sales and diluted EPS from continuing operations, each as first reported in that quarter's release.

We do not hold a confirmed date for Gates Industrial'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 30, 2026

Gates Industrial's net sales rose 5.6% to $903.6 million in Q3 2026, from $855.7 million, and core sales rose 5.5%. Power Transmission, which makes elastomer drive belts and related components, was $560.1 million, up 5.0%; it was about 62% of 2025 net sales. Fluid Power, which makes hoses, tubing and fittings for hydraulic fluid at high pressures, was $343.5 million, up 6.5%. (Gates Q3 2026 release, Oct 30, 2026; Gates Form 10-K, 2025, Feb 12, 2026)

Gates attributes Power Transmission's growth to $12.0 million of higher volume and $15.6 million of pricing. Fluid Power's growth came mainly from $13.6 million of pricing. Industrial OEM core sales in Power Transmission rose 19.3%, particularly in APAC and EMEA, while core sales in automotive end markets were flat; personal mobility grew 34.2%. (Gates Form 10-Q, Q3 2026, Oct 30, 2026)

Most of Gates' sales go to the aftermarket: $375.6 million of Power Transmission sales and $242.3 million of Fluid Power sales were aftermarket in the quarter, against $184.5 million and $101.2 million to OEMs. Fluid Power OEM sales rose from $87.0 million. (Gates Form 10-Q, Q3 2026, Oct 30, 2026)

By region of origin, the U.S. accounted for $161.9 million of Power Transmission and $181.9 million of Fluid Power sales. China was $75.4 million and $16.4 million, with Fluid Power sales there up from $11.0 million. Gates sells in more than 130 countries. (Gates Form 10-Q, Q3 2026, Oct 30, 2026; Gates Q3 2026 release, Oct 30, 2026)

Gates Industrial's GAAP diluted EPS was $0.34 and its adjusted EPS was $0.47 in Q3 2026. The largest adjustment is $29.5 million of amortization of intangible assets from the 2014 acquisition of Gates; adjusted net income also excludes restructuring and related expenses, share-based compensation of $8.6 million, and $6.5 million of discrete tax items. (Gates Q3 2026 release, Oct 30, 2026)

The effective tax rate rose to 15.4% from 6.4%, which Gates attributes to fewer discrete tax benefits related to unrecognized tax benefits, partly offset by benefits from the One Big Beautiful Bill Act. Over nine months the tax line was a benefit of $49.8 million, mainly from changes in the realizability of deferred tax assets in Luxembourg. (Gates Form 10-Q, Q3 2026, Oct 30, 2026)

Diluted weighted-average shares fell to 255.6 million from 261.6 million. Gates repurchased $57.4 million of shares in the quarter and $96.1 million over nine months. Gross profit rose to $383.3 million from $341.6 million. (Gates Q3 2026 release, Oct 30, 2026; Gates Form 10-Q, Q3 2026, Oct 30, 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.

Gates Industrial raised its full-year 2026 guidance in the Q3 release: adjusted EBITDA of $809 to $823 million, against $800 to $830 million before, and adjusted EPS of $1.66 to $1.72, against $1.62 to $1.70. Core sales growth narrowed to 3.2% to 3.8% from 2.5% to 4.5%, with no change at the midpoint. Capital expenditures stay at about $120 million and free cash flow conversion at 90%+. (Gates Q3 2026 release, Oct 30, 2026)

The guidance's share-based metrics exclude any potential share repurchases. (Gates Q3 2026 release, Oct 30, 2026)

A consensus figure is the average of the models published by the analysts who cover Gates Industrial, 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 Gates Industrial'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 GTES is on is GTES a buy or a sell?, what analysts expect next is on the GTES forecast, and what the company does is on the Gates Industrial Corporation (GTES) stock page.

Every number on this page can be traced to a document Gates Industrial 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.