FinDog Earnings CheckupEarnings release 07-22 · 10-Q 07-22Data from SEC filings

United Rentals Q2 2026: record $4.410 billion revenue, guidance raised

Record revenue of $4.410 billion and a 9.6% EPS beat make this a Bullish quarter for United Rentals, and management raised full-year guidance again. Rental revenue grew 12.7% to $3.849 billion, or 87.3% of the total. The caveats: $0.58 of EPS came from a one-off asset sale, and specialty rental margins fell 140 basis points.

1 · Expected vs. Actual

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EPS (non-GAAP)

Beat

$12.76

Est. $11.64 · +9.6%

GAAP diluted EPS of $12.03 rose 25.4% from $9.59, and adjusted EPS of $12.76 beat the $11.644 consensus by 9.6%. A $49 million gain on the sale of part of the scaffolding business added $37 million after tax, or $0.58 per share, so the underlying beat is smaller than the headline. Net income rose 21.1% to $753 million, a 17.1% margin.

Revenue

$0.99B

No consensus · YoY −74.8%

Revenue rose 11.8% to $4.410 billion from $3.943 billion a year earlier, and rental revenue — 87.3% of the total — grew 12.7% to a record $3.849 billion. Fleet productivity added 3.4% and average original equipment cost grew 7.1%, so growth came from more fleet as well as better rates. One warning: the structured data feed in this filing shows a $0.994 billion revenue figure and a mismatch flag; the release's $4.410 billion is the number to use.

Next-quarter revenue guidance

$17.65B ±0.85%

No consensus · YoY +1675.7%

Management raised 2026 revenue guidance to $17.5 billion to $17.8 billion from $16.9 billion to $17.4 billion, moving the midpoint to $17.65 billion from $17.15 billion. Adjusted EBITDA guidance went up to $7.975 billion to $8.125 billion, a midpoint of $8.050 billion versus $7.750 billion before. Free cash flow guidance stayed at $2.15 billion to $2.45 billion, while net rental capex guidance rose to $3.4 billion to $3.8 billion.

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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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