Allegion Q2 Earnings Beat, Raises Full-Year Outlook on Strong Americas Growth
ALLE sits 21% above its 52-week low of $125.
Summary
Allegion reported Q2 2026 adjusted EPS of $2.40, beating expectations, and raised its full-year outlook for revenue and adjusted EPS. Americas organic growth was strong at 8.9%, while International organic revenue dipped 1.2%.
Key Events · Earnings and Guidance · ALLE
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Q2 Earnings Beat
Adjusted EPS of $2.40, up 17.6% YoY, on revenues of $1,151.5M (up 12.7% reported, 6.9% organic). GAAP EPS $2.15.
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Raised Full-Year Outlook
2026 adjusted EPS guidance raised to $8.85-$9.00 (from prior implied ~$8.65 midpoint). Revenue growth outlook raised to 7.5%-8.5% reported, 3.5%-4.5% organic.
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Americas Strength Drives Growth
Americas organic revenue up 8.9%, with both non-residential and residential up high-single digits. Adjusted operating margin expanded 20 bps to 30.1%.
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International Margin Recovery
International organic revenue down 1.2% on weaker European demand, but adjusted operating margin improved 440 bps sequentially to 12.4% as ERP disruption effects eased.
Analysis · ALLE · Trade & Services
Allegion delivered a strong Q2 with 12.7% reported revenue growth and 17.6% adjusted EPS growth, driven by high-single-digit organic growth in the Americas. Management raised full-year revenue and adjusted EPS guidance, signaling confidence in continued non-residential demand. The quarter also saw $120 million in share repurchases, returning capital to shareholders. International organic revenue declined slightly, but margin recovery from prior ERP disruption is underway.
At the time of this filing, ALLE was trading at $151.39 on NYSE in the Trade & Services sector, with a market capitalization of approximately $12B. The 52-week trading range was $125.00 to $183.11. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.