Ralliant Corporation (RAL) Earnings: Q3 2026 Results

The quarter ended October 2, 2026 and Ralliant published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Ralliant reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted 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.

• Ralliant was spun off from Fortive on June 28, 2025, so Q3 2025 was its first quarter as a standalone company. Ralliant also reports a normalized Q3 2025 adjusted EPS of $0.57, which adds the standalone public company costs it did not yet carry in full; its 64% adjusted EPS growth figure is measured against that.
• Q4 2025 GAAP EPS of $(12.10) includes a non-cash goodwill impairment charge of $1.4 billion in the Test & Measurement segment, which Ralliant tied mainly to revised expectations for the EA Elektro-Automatik business.

Source: Ralliant Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended October 2, 2026. Figures as reported; checked against the release on November 10, 2026.

How Ralliant 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.

• Ralliant's Sensors and Safety Systems revenue was $376 million in Q3 2026, up 15% from $326 million in Q3 2025, 61% of total revenue.
• Ralliant's Test and Measurement revenue was $244 million in Q3 2026, up 20% from $203 million in Q3 2025, 39% 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

The first three lines are Ralliant's outlook for the fourth quarter of 2026. The last is its updated revenue outlook for the full year 2026, which it raised in this release.

In its Q3 2026 release, Ralliant said:

“Revenue: $620 to $640 million”

“Adjusted EBITDA margin: 23.5% to 24.5%”

“Adjusted EPS: $0.93 to $0.99”

“Revenue: $2.340 to $2.360 billion”

Source: Ralliant Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the RAL forecast page.

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

GAAP sales and diluted EPS, each as first reported in that quarter's release. The Q4 2025 loss includes a $1.4 billion goodwill impairment charge.

We do not hold a confirmed date for Ralliant'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 Nov 4, 2026

Ralliant has two segments. Sensors and Safety Systems, which sells power grid monitoring, defense and space technology and industrial sensors, had sales of $375.9 million in Q3 2026, up from $326.0 million. Test and Measurement, which sells precision instruments and services for advanced electronics, had sales of $244.2 million, up from $203.1 million. Total sales of $620.1 million were up 17% on both a total and an organic basis. (Ralliant Q3 2026 release, Nov 4, 2026)

By end market, the 10-Q shows Defense and space at $112.8 million (from $93.6 million), Industrial manufacturing at $116.2 million (from $111.1 million) and Utilities at $89.0 million (from $76.9 million) inside Sensors and Safety Systems. Ralliant said Defense & Space growth came from execution against a multi-year backlog, Utilities had another record quarter of orders and revenue on grid modernization spending, and industrial demand was driven primarily by data centers. (Ralliant Form 10-Q, Q3 2026, Nov 4, 2026; Ralliant Q3 2026 release, Nov 4, 2026)

Inside Test and Measurement, Diversified electronics rose to $133.8 million from $91.0 million and Communications to $62.6 million from $60.7 million. Semiconductors fell to $47.8 million from $51.4 million, which Ralliant attributed to a large customer project completed in Q3 2025. (Ralliant Form 10-Q, Q3 2026, Nov 4, 2026; Ralliant Q3 2026 release, Nov 4, 2026)

By geography, Ralliant sold $328.3 million in the United States, $101.2 million in China and $190.6 million elsewhere in the quarter. China was $71.4 million a year earlier, and most of the increase there came in Test and Measurement ($67.3 million, from $40.6 million). In 2025 as a whole, sales outside the United States were 48.7% of Ralliant's total. (Ralliant Form 10-Q, Q3 2026, Nov 4, 2026; Ralliant Form 10-K, 2025, Feb 26, 2026)

Ralliant's GAAP diluted EPS was $0.77 and its adjusted EPS was $0.93. The gap is almost entirely amortization of acquisition-related intangible assets, $21.9 million before tax or $0.19 a share, less a $0.03 tax effect. The year-ago quarter had more adjustments: a $22.4 million stock-based compensation modification from the Fortive spin, restructuring and separation costs, and a $12.4 million discrete tax benefit from a German tax rate cut. (Ralliant Q3 2026 release, Nov 4, 2026)

Ralliant's effective tax rate was 16.7% in Q3 2026, against (13.4)% a year earlier, when the German deferred tax repricing lowered the rate. Operating profit was $117.5 million, up from $52.0 million, and the operating margin rose to 18.9% from 9.8%. (Ralliant Form 10-Q, Q3 2026, Nov 4, 2026; Ralliant Q3 2026 release, Nov 4, 2026)

Diluted shares averaged 112.5 million, against 113.4 million a year earlier. Year to date Ralliant has spent $150 million repurchasing 2.8 million shares at an average price of $54.74, and $400 million remained under its authorization at the end of the quarter. (Ralliant Q3 2026 release, Nov 4, 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.

Ralliant gives a numeric outlook in its release. For Q4 2026 it guided revenue of $620 to $640 million, an adjusted EBITDA margin of 23.5% to 24.5% and adjusted EPS of $0.93 to $0.99, assuming about 113 million diluted shares and an adjusted effective tax rate of 16% to 18%. It raised full-year 2026 revenue guidance to $2.340 to $2.360 billion and adjusted EPS to $3.10 to $3.16. (Ralliant Q3 2026 release, Nov 4, 2026)

Ralliant's guidance includes a cost of sales benefit from IEEPA tariff refunds of $2, $7 and $5 million in Q2, Q3 and Q4, and assumes no more severe disruption from the Middle East conflict. It now expects to exit 2026 at $30-35 million of annualized run-rate savings from its Enterprise Productivity Program. (Ralliant Q3 2026 release, Nov 4, 2026)

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

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