Linde Q3 FY2026: record $9.40 billion sales, adjusted EPS beats
Linde beat the $4.5612 consensus adjusted EPS number with $4.59 and posted record sales of $9.404 billion, up 9.0% from a year earlier. The catch sits on the GAAP line, where EPS of $3.66 fell 11.0% on charges the company strips out of its adjusted figures. Read the quarter as steady operating progress wrapped in a noisier accounting result, with full-year guidance of $17.82 to $17.92 still pointing to 8.0%–9.0% growth.
1 · Expected vs. Actual
Free preview belowAdjusted EPS of $4.59 rose 9.0% and cleared the $4.5612 consensus by roughly $0.03 — a thin but real beat. GAAP EPS of $3.66 fell 11.0% because adjusted net income of $2.122 billion excludes purchase accounting and cost-reduction charges that still land on the reported line. The $0.93 gap between the two EPS numbers is the whole reason reported profit looks worse than the business did.
Sales of $9.404 billion were a record, up 9.0% year over year, of which 1.0% was currency and 5.0% was underlying growth built on 3.0% price and 2.0% volume. Every region grew: Americas $3.601 billion (+11.0%), APAC $1.950 billion (+12.0%) and EMEA $2.327 billion (+7.0%). Price did more of the work than volume, which is the healthier pattern for a gas supplier with plants that have to be filled either way.
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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 2026-11-03
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