UL Solutions (ULS) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and UL Solutions published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. UL Solutions reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted Diluted Earnings Per Share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• From the first quarter of 2026 UL Solutions moved its Advisory business into the Industrial segment, renamed the former Software and Advisory segment Risk & Compliance Software, and recast prior-period segment figures.
• UL Solutions sold its Employee Health and Safety software business on April 1, 2026, which reduced Q3 revenue by $14 million against a year earlier. Its acquisition of the Eurofins electrical and electronics (E&E) business closed on October 1, 2026, after the quarter ended.
• Net income on this page is net income attributable to stockholders of UL Solutions. Consolidated net income, including non-controlling interests, was $117 million against $106 million.

Source: UL Solutions Q3 2026 results, November 3, 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 UL Solutions 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.

• UL Solutions's Industrial revenue was $410 million in Q3 2026, up 8% from $379 million in Q3 2025, 50% of total revenue.
• UL Solutions's Consumer revenue was $360 million in Q3 2026, up 6% from $340 million in Q3 2025, 44% of total revenue.
• UL Solutions's Risk & Compliance Software revenue was $53.0 million in Q3 2026, down 17% from $64.0 million in Q3 2025, 6% 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

In its Q3 2026 release, UL Solutions said:

“Constant currency, organic revenue growth to be approximately 6.5%”

“Adjusted EBITDA margin improvement to approximately 27.0%”

“Effective tax rate of approximately 26%”

“Capital expenditures of approximately 8.5% of revenue”

Source: UL Solutions Q3 2026 release, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the ULS forecast page.

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

GAAP revenue and diluted EPS, each as first reported in that quarter's release. Q2 2026 diluted EPS of $1.21 includes the gain on the sale of the Employee Health and Safety software business.

We do not hold a confirmed date for UL Solutions'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 3, 2026

UL Solutions reports revenue in three segments. In Q3 2026 Industrial brought in $410 million of the $823 million total, Consumer $360 million and Risk & Compliance Software $53 million. By service category, Certification Testing was $248 million, Ongoing Certification Services $270 million, Non-certification Testing and Other Services $244 million and Software $61 million. (UL Solutions Q3 2026 release, Nov 3, 2026)

Revenue rose 5.1% from $783 million, and 7.0% on an organic basis. UL Solutions put the $55 million organic increase down to growth in all segments, led by Certification Testing and Ongoing Certification Services in Industrial and Consumer. The April 2026 sale of the Employee Health and Safety (EHS) software business took $14 million out of revenue, so Risk & Compliance Software fell 17.2% while growing 4.7% organically. (UL Solutions Q3 2026 release, Nov 3, 2026; UL Solutions Form 10-Q, Q3 2026, Nov 3, 2026)

UL Solutions' Industrial segment sells testing, inspection and certification (TIC) services for products in energy, industrial automation, engineered materials (plastics and wire and cable) and the built environment. Consumer covers consumer electronics, medical devices, information technologies, appliances, HVAC, lighting and retail. Since the first quarter of 2026 the Advisory business sits in Industrial, after the former Software and Advisory segment was renamed Risk & Compliance Software and prior periods were recast. (UL Solutions Form 10-K, 2025, Feb 19, 2026; UL Solutions Form 10-Q, Q3 2026, Nov 3, 2026)

Most of UL Solutions' revenue comes from customers outside the United States: about 59.0% in 2025. Of 2025 revenue of $3,053 million, the United States contributed $1,253 million, Greater China (mainland China, Hong Kong and Taiwan) $761 million and Europe, Middle East and Africa $529 million. (UL Solutions Form 10-K, 2025, Feb 19, 2026)

The quarter ended one day before UL Solutions closed the largest acquisition in its history: the electrical and electronics (E&E) business of Eurofins Scientific, bought on October 1, 2026 for about $686 million in cash. E&E results go into the Consumer segment from the fourth quarter of 2026. On October 30, 2026 UL Solutions sold its shareholding in DQS Holding GmbH for about $117 million. (UL Solutions Q3 2026 release, Nov 3, 2026; UL Solutions Form 10-Q, Q3 2026, Nov 3, 2026)

UL Solutions' diluted EPS was $0.53 in Q3 2026, against $0.49 a year earlier, and its Adjusted Diluted Earnings Per Share was $0.62, against $0.56. The adjusted figure adds back stock-based compensation ($0.11 a share) and restructuring ($0.01) and takes out other income ($0.02), net of a $0.01 tax effect. Stock-based compensation was $23 million, against $15 million. (UL Solutions Q3 2026 release, Nov 3, 2026)

Nine-month diluted EPS of $2.19 includes $0.94 a share from the $191 million gain on the EHS software divestiture, which UL Solutions excludes from its adjusted measures. Nine-month Adjusted Diluted Earnings Per Share was $1.72. (UL Solutions Q3 2026 release, Nov 3, 2026)

Net income attributable to UL Solutions stockholders was $108 million, against $100 million, on 204 million diluted shares, against 203 million. Interest expense fell to $6 million from $10 million, and the effective tax rate was 26.9%, against 27.4% a year earlier. UL Solutions paid a dividend of $0.145 per share, or $29 million, in the quarter. (UL Solutions Q3 2026 release, Nov 3, 2026; UL Solutions Form 10-Q, Q3 2026, Nov 3, 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.

UL Solutions gives a full-year outlook in its release, with no quarterly figures. With Q3 2026 results it strengthened its 2026 constant currency organic revenue growth outlook to approximately 6.5%, which includes about 70 basis points of revenue lost to business exits under its Restructuring Plan. It reaffirmed an Adjusted EBITDA margin of approximately 27.0%: about 200 basis points of underlying expansion, partly offset by about 90 basis points of incremental transaction costs versus 2025. (UL Solutions Q3 2026 release, Nov 3, 2026)

UL Solutions also expects an effective tax rate of approximately 26% and capital expenditures of approximately 8.5% of revenue for 2026. It gives no outlook for net income margin, the GAAP measure closest to Adjusted EBITDA margin. (UL Solutions Q3 2026 release, Nov 3, 2026)

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

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