Dover Q2 FY2026: revenue up 6.9%, adjusted EPS $2.74, guidance raised
Dover's fiscal 2026 second quarter was a good one: revenue rose 6.9% to $2.19 billion, gross margin ticked up to 40.2%, and adjusted EPS of $2.74 was up 12% year over year, just about one cent below the $2.7528 consensus. The company also raised full-year adjusted EPS guidance to $10.55-$10.75. Read the quarter through three lenses: organic growth in all five segments, an order book that grew faster than shipments, and cash that covers most of long-term debt.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS from continuing operations was $2.31, up 14%, while net earnings of $312.246 million rose 11.9% from $279.064 million. On an adjusted basis, EPS was $2.74 versus $2.44 a year ago, a 12% increase but roughly a cent under the $2.7528 consensus estimate. The $0.43 gap between adjusted and GAAP EPS is the piece to watch, since it comes from excluding purchase accounting, restructuring and disposition items.
Revenue of $2.19 billion was up 6.9% from $2.05 billion a year ago, split into 4.8% organic growth, 1.2% from acquisitions and 0.9% from currency. Gross margin improved to 40.2% from 39.9%, so the extra sales dropped through rather than being bought with price. The growth was broad: Clean Energy & Fueling grew organically 8.6% and Climate & Sustainability 8.3%, with Engineered Products at 2.1%, Imaging & Identification at 2.9% and Pumps & Process Solutions at 0.4%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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