EarningsQ2 2026 Earnings Report
MX:IR Q2 2026 EPS Results
Actual EPS$15.56
Consensus EPS$14.96
Beat/MissBeat by +$0.60
One Year Ago EPS$14.48
MX:IR Q2 2026 Revenue Results
Actual Revenue$37.07B
Expected Revenue$35.40B
Beat/MissBeat by +$1.67B
YoY Revenue Growth+8.52%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeAfter Close
Conference CallThursday, July 30, 2026
MX:IR Upcoming Earnings
Ingersoll Rand's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:IR Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong execution and balanced momentum: revenue, orders, adjusted EPS, free cash flow, and a robust M&A pipeline are notable positives. There are clear near-term margin headwinds—largely concentrated in China, tied to inflation and pricing—and a corporate incentive true-up that pressured Q2 profitability. Management expects sequential margin recovery in H2, raised revenue guidance, and reiterated disciplined capital allocation. On balance, the positives (growth, cash generation, upgraded guidance, acquisitions, and balance sheet strength) materially outweigh the transitory challenges.Company Guidance
Revenue and Organic Growth
Total revenue grew 9% year-over-year to ~ $2.0B in Q2 with organic revenue growth of 4% and strengthened full-year revenue guidance raised to 4.5%–6.5% (up 200 bps at the midpoint).
Orders and Order Momentum
Orders finished just over $2B, up 5% YoY with organic orders up 2%; short- to medium-cycle orders were up mid-single digits and July showed double-digit order growth through the first 4 weeks (organic low double-digit to mid-teens). Book-to-bill was 1.0.
Earnings and EPS Growth
Adjusted EPS was $0.86 for the quarter, up 7% YoY. Full-year adjusted EPS guidance is $3.45–$3.57 and management expects results near the high end of the range.
Adjusted EBITDA and Segment Strength
Adjusted EBITDA was $520M (up 2% YoY) with adjusted EBITDA guidance maintained at $2.13B–$2.19B. P&ST segment outperformed with adjusted EBITDA up 15% YoY to $135M and margin expansion of 200 bps to 31.5%.
Free Cash Flow, Liquidity and Balance Sheet
Free cash flow was $269M, up ~28% YoY. Total available liquidity ~ $3.8B (cash ~$1.2B, revolver capacity ~$2.6B) and leverage remained conservative at 1.7x; Moody's upgraded the company one notch to Baa1.
Aftermarket and Recurring Revenue Mix
Aftermarket revenue represented 36% of total revenue in the quarter, supporting portfolio resiliency and recurring revenue characteristics.
M&A Execution and Pipeline
Closed acquisition of Lone Star Blowers (~$50M annual revenue) and signed agreement to acquire Fai Filtri (~$30M annual revenue) with 11 additional transactions under LOI and a broad funnel (>200 companies). Management expects ~2.5% revenue contribution from M&A for 2026.
Non-Operating Recoveries and Upside
Reached agreement for an initial $187.5M recovery related to RWI (ILC Dover) with $25M collected in Q2 and $162.5M expected during 2026; these recoveries are excluded from adjusted earnings and treated as upside to cash.
Sustainability and Recognition
Company joined the 2026 Fortune 500 and received multiple ESG, workplace and corporate citizenship recognitions, underscoring scale and cultural strengths.
MX:IR 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