EarningsQ4 2026 Earnings Report
IT:1PH Q4 2026 EPS Results
Actual EPS€8.27
Consensus EPS€7.41
Beat/MissBeat by +€0.86
One Year Ago EPS€6.86
IT:1PH Q4 2026 Revenue Results
Actual Revenue€5.13B
Expected Revenue€4.97B
Beat/MissBeat by +€161.67M
YoY Revenue Growth+9.77%
Earnings Announcement Details
QuarterQ4 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
IT:1PH Upcoming Earnings
Parker Hannifin's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
IT:1PH Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive performance narrative: record revenue, margins, EPS and cash generation; robust orders, backlog and aerospace strength; active and strategic M&A; and raised medium‑term margin targets. The lowlights were limited to regional/end‑market pockets of softness, order lumpiness/visibility that prompted a change in order reporting, pending acquisition integration/funding uncertainty, modest FX and tax headwinds, and modest CapEx versus some peers. Overall the positives materially outweigh the negatives.Company Guidance
Record Full-Year Financial Performance
Fiscal 2026 sales reached a record $21.5 billion (first time > $20B). Organic growth accelerated to 6.6%. Adjusted segment operating margin expanded 120 basis points to a record 27.3%. Adjusted EPS rose 18% to $32.31. Cash flow from operations was a record $4.4 billion (first time > $4B).
Outstanding Fourth Quarter Results
Q4 sales rose 10% year-over-year with organic growth of 8%. Adjusted segment operating margin reached 28.0% (up 110 bps), adjusted EBITDA margin 28.6% (up 180 bps). Adjusted net income was $1.2 billion (21% return on sales) and Q4 adjusted EPS was $9.27 (up 21%).
Strong Cash Generation and Capital Deployment
Operating cash flow $4.4B (20.3% of sales, +16% YoY). Free cash flow $3.9B (+17% YoY, 18.2% of sales) with 107% conversion. Returned nearly $2B to shareholders (≈$1B buybacks, ≈$1B dividends), invested $500M in CapEx, and reduced net debt by $1B to net debt/adjusted EBITDA of 1.4x (from 1.7x).
Active M&A to Extend Capabilities
Completed Curtis Instruments (~$1B) and announced Filtration Group and CIRCOR aerospace & defense (part of >$15B announced/deployed capital for FY26). Filtration expected to increase filtration aftermarket by ~500 basis points; transactions expand electrification, filtration and flight‑critical capabilities.
Aerospace Segment Outperformance
Aerospace Q4 sales were a record $1.9B with organic growth of 13.4% (fourth consecutive year of double-digit organic growth). Aerospace Q4 margin 29.8% (up 80 bps) and backlog grew to a record $8.5B (+15% YoY).
Orders and Backlog Momentum
Total orders strong: +19% on a 3-month comparison and +12% on a rolling 12-month basis. North America orders +16% (3-month) / +9% (12-month). International orders +24% (3-month) / +10% (12-month). Backlog increased 16% YoY to a record $12.8B.
Ambitious Medium-Term Targets and FY27 Guidance
Announced new FY31 adjusted segment operating margin target of 30% (up 300 bps). FY27 guidance: reported sales growth 5.5%–8.5% (≈$23B midpoint), organic growth 5.5%–8.5% (7% midpoint), adjusted segment operating margin ~27.7% (midpoint, +40 bps YoY), adjusted EPS $34.75 (midpoint, +8%), and free cash flow $3.4B–$3.9B (~100% conversion).
IT:1PH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed