Sensata 10-Q: Q3 Net Income $114.2M, Leverage Cut to 2.1x, Growth Officer to Depart
ST sits 51% above its 52-week low of $28.16.
Summary
Sensata's Q3 10-Q shows $114.2M net income on $1,003.6M revenue (including a $24.0M EV-program cancellation payment) and net leverage down to 2.1x after $433.2M of debt payments. It also discloses the December 31, 2026 departure of the Chief Growth and Transformation Officer.
Key Events · Earnings and Guidance · ST
-
Q3 Net Income $114.2M
Revenue of $1,003.6M produced operating income of $175.3M and net income of $114.2M, or $0.78 diluted EPS, versus a $162.5M loss a year ago that carried a $225.7M goodwill impairment.
-
$24.0M EV Cancellation Payment
The quarter's revenue includes a $24.0M customer payment tied to cancellation of an electric vehicle program; excluding it, revenue was $979.6M and organic growth 6.8%.
-
Leverage Down to 2.1x
Nine-month debt payments of $433.2M — including a $400.0M tender for 4.0% Senior Notes and $31.8M of open-market repurchases — cut net leverage to 2.1x from 2.7x at December 31, 2025.
-
Cash Flow $557.8M Operating
Operating cash flow of $557.8M less $68.5M of capital spending produced $489.3M of free cash flow, funding $52.4M of dividends and $25.1M of buybacks.
Analysis · ST · Industrial Applications And Services
This morning's 8-K carried the headline beat; the 10-Q supplies the audited-quality detail behind it. Nine-month operating cash flow of $557.8M funded $433.2M of debt paydown, pulling net leverage to 2.1x from 2.7x at year-end — the balance-sheet story now matters as much as the EPS beat. Two items deserve attention. First, $24.0M of the quarter's $1,003.6M revenue came from a customer paying to cancel an EV program, so that slice does not repeat. Second, Patrick Hertzke, the executive who ran growth and transformation, is leaving December 31, 2026 on a mutual separation with 12 months of salary as severance, and his initiatives are being folded into the operating segments.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ST was trading at $42.49 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $28.16 to $53.89. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.