EarningsQ4 2026 Earnings Report
MX:PH Q4 2026 EPS Results
Actual EPS$156.71
Consensus EPS$140.48
Beat/MissBeat by +$16.23
One Year Ago EPS$130.00
MX:PH Q4 2026 Revenue Results
Actual Revenue$97.29B
Expected Revenue$94.23B
Beat/MissBeat by +$3.06B
YoY Revenue Growth+9.77%
Earnings Announcement Details
QuarterQ4 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:PH Upcoming Earnings
Parker Hannifin's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:PH 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).
MX:PH 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