Illinois Tool Works Q2 2026: EPS up 10.1%, guidance raised, record profit
ITW posted its most profitable quarter ever and raised full-year guidance, an unambiguously good report: revenue rose 6.1% to $4.30 billion, GAAP EPS rose 10.1% to $2.84, and free cash flow jumped 41% to $631 million. Read it as solid execution plus two capex-heavy segments, Welding and Test & Measurement and Electronics, doing the heavy lifting; the rest of the portfolio grew only modestly.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $2.84 rose 10.1% from $2.58 and came in about $0.02 above the $2.8222 consensus estimate, a slim beat. Operating income of $1.15 billion rose 7.4%, and the 26.7% operating margin was 40 basis points wider than a year ago.
Revenue of $4.30 billion rose 6.1% from $4.05 billion a year earlier, split into 4.5% organic growth, 1.4% from currency and 0.2% from an acquisition. Two segments did most of the work: Welding grew 13.9% organically and Test & Measurement and Electronics 10.0%. Automotive OEM, the largest segment at $857 million, shrank 0.4% organically, and gross margin of 52.7% was a touch below the 52.8% of a year ago.
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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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