XPEL Q3 Revenue Rises 9.9% to $137.8 Million; Gross Margin Expands

What happened

XPEL reported third-quarter 2026 revenue of $137.8 million, up 9.9% from a year earlier, and gross margin, the share of sales left after product costs, rose to 44.6% from 41.8%. Net income attributable to stockholders increased 26.3% to $16.3 million, and adjusted diluted earnings per share was $0.62.

Confirmed

Global impact / market context

Higher revenue and a wider gross margin indicate that sales grew while more revenue remained after product costs. If that improvement continues, it could support operating profit and cash available for investment; however, the company’s expected fourth-quarter revenue is below its reported third-quarter total.

Analyst inference

The report describes growth across principal product and service categories, including window film and installation, with increases in the United States and Canada and strong growth in China and broader Asia Pacific. These results suggest demand was not limited to one reported region or category.

Confirmed

What to watch

1. Compare fourth-quarter revenue with XPEL’s approximately $125 million to $127 million expectation; results below that range could pressure sales growth and the cash available for operations. Confirmed
2. Check whether the gross margin stays near or above 44.6%; a decline would mean less revenue remains after product costs to cover other expenses. Analyst inference
3. Watch for continued revenue growth in window film and installation, and across the named regions, to see whether the third-quarter gains extend beyond this report. Analyst inference

Evidence

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