Dover Q2 Revenue Reaches $2.19B; Full-Year EPS Guidance Lifted to $8.94–$9.14
DOV sits 28% above its 52-week low of $158.97.
Summary
Dover reported Q2 2026 revenue of $2.19 billion, up 7% year-over-year, and raised full-year adjusted EPS guidance to $8.94–$9.14. Bookings jumped 16%, and the company completed a $500 million share buyback.
Key Events · Earnings and Guidance · DOV
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Q2 Revenue and Earnings Beat
Revenue of $2.19 billion grew 7% YoY, with adjusted EPS of $2.74 up 12%. Organic revenue growth was 4.8%, led by Clean Energy & Fueling and Climate & Sustainability Technologies.
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Full-Year Guidance Raised
Management raised full-year adjusted EPS guidance to $8.94–$9.14, up from the prior outlook, reflecting confidence in demand trends and operational execution.
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Bookings Surge 16%
Bookings of $2.3 billion increased 16.1% YoY, with particular strength in Climate & Sustainability Technologies (up 45.8%), signaling robust future revenue.
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$500M Share Buyback Completed
The accelerated share repurchase program concluded in April 2026, retiring 2.49 million shares at an average price of $200.99, returning capital to shareholders.
Analysis · DOV · Technology
A strong second quarter saw revenue climb 7% and adjusted EPS rise 12%, fueled by broad-based demand across all five segments. Reflecting confidence in sustained momentum, management raised full-year adjusted EPS guidance to a range of $8.94 to $9.14. Bookings surged 16%, pointing to continued top-line strength. The quarter also featured the completion of a $500 million accelerated share repurchase and a new $1.5 billion credit facility, reinforcing financial flexibility. Restructuring charges remain elevated as the company aligns costs with demand trends, particularly in Climate & Sustainability Technologies.
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At the time of this filing, DOV was trading at $203.50 on NYSE in the Technology sector, with a market capitalization of approximately $28.9B. The 52-week trading range was $158.97 to $237.54. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.