Linde Q2 FY2026: record $9.29 billion sales, adjusted EPS $4.50
Linde's second-quarter fiscal 2026 was solid rather than spectacular: sales rose 9% to $9.29 billion and adjusted EPS climbed 10% to $4.50, but that adjusted figure landed slightly under the $4.5288 consensus estimate. Read the quarter as a volume-and-price story with a margin catch: adjusted operating margin held at 29.5%, yet operating margin fell 60 basis points as cost inflation ate into pricing and productivity gains.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $4.15 rose 11% and adjusted EPS of $4.50 rose 10%, on net income of $1.93 billion and adjusted net income of $2.09 billion. The adjusted number came in 0.6% below the $4.5288 consensus estimate, so this was a good quarter rather than a beat. The $0.35 gap between the GAAP and adjusted figures reflects Linde AG purchase accounting impacts that the company strips out.
Sales of $9.29 billion rose 9.3% from the $8.50 billion recorded in the year-earlier quarter, helped by 2% favorable currency and 1% from acquisitions. Underlying sales grew 4%, split evenly between 2% price and 2% volume, with strength in electronics, manufacturing and chemicals & energy. APAC was the fastest-growing segment at $1.87 billion, up 13%, while Americas contributed the most dollars at $4.08 billion, up 7%.
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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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