United Rentals Q3 FY2026: record results and raised guidance
United Rentals delivered record third-quarter 2026 results and raised full-year revenue and adjusted EBITDA guidance. The headline revenue figure in the data set is flagged as a mismatch, so this analysis anchors on the press release's $4.893 billion total revenue and $920 million net income. Read the scorecard as a demand-and-margin story: rental revenue growth, fleet productivity and cost efficiencies drove profit, while the balance sheet carries $13.064 billion of long-term debt.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $14.77, up 35.4% from $10.91, and adjusted EPS was $15.55, up 32.9% from $11.70. Against a consensus EPS estimate of $14.06, both GAAP and adjusted EPS came in higher. Net income rose 31.2% to $920 million, and net margin expanded 2.2 percentage points to 18.8%, so the EPS growth was backed by real profit growth rather than only share count reduction.
Revenue was $4.893 billion, up 15.7% from $4.229 billion a year earlier, per the press release; the structured data flags a mismatch between the XBRL value of $1.068 billion and the extracted $4.893 billion. Rental revenue did the heavy lifting at $4.316 billion, up 17.8%, with fleet productivity up 6.5% and ancillary and re-rent revenue contributing 4.9%. Treat the $1.068 billion line as a data artifact, not an operating result.
Management raised 2026 total revenue guidance to $18.0–$18.2 billion, midpoint $18.1 billion, from $17.5–$17.8 billion previously. Adjusted EBITDA guidance also moved up to $8.3–$8.4 billion from $7.975–$8.125 billion, while free cash flow excluding restructuring payments was held at $2.15–$2.45 billion. The revenue midpoint is a narrow band around the company's plan, but it is still a forecast, not a guarantee.
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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 2026-10-21
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