EquipmentShare Lifts 2026 Outlook on Strong Demand
EQPT is trading near its 52-week low of $13 (7.8% above the low).
Summary
EquipmentShare raised its FY2026 total revenue guidance to $5.808B-$6.045B and Rental Segment revenue to $3.823B-$3.979B, with Adjusted Core EBITDA of $2.136B-$2.224B, pointing to strong customer demand, high fleet utilization and strong visibility through the remainder of 2026 and into 2027. The midpoint of its full-year Rental Segment revenue growth outlook rose to 43% from 33%, and OEC guidance is $11,391M-$11,613M, raised from prior $10,577M-$11,627M, while OWN Program Payouts guidance is $938M-$976M versus prior $929M-$985M. Gross Rental Capex guidance of $2,664M-$2,886M, Net Rental Capex guidance of $980M-$1,060M, OWN Program at 55%-60% of OEC and Full-Service Rental Locations of 427-435 are unchanged, and Adjusted Core EBITDA includes $278M-$290M of Sales Segment EBITDA; mature rental site locations are expected to reach 262 by end of 2026, up from 186 for the year ended December 31, 2025. That is a fresh positive data point after Q2 revenue of $1.45 billion, up 26% year-over-year, with Adjusted Core EBITDA of $531 million. The raise lands in a contested stretch: Blue Orca Capital's short report on September 24 triggered a selloff, and the company issued a formal rebuttal on October 9 calling the allegations false and misleading. A guidance increase gives management a concrete number to defend against that attack, and CEO Jabbok Schlacks cites a long-term Core EBITDA annual run rate of approximately $4 billion. The stock trades near $14 against a roughly $3.4 billion market cap, and a $500 million buyback is already authorized.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — EquipmentShare raised FY2026 total revenue guidance to $5.808B-$6.045B and Rental Segment revenue to $3.823B-$3.979B, with Adjusted Core EBITDA of $2.136B-$2.224B.
- Raised Guidance — OEC guidance is $11,391M-$11,613M, raised from prior $10,577M-$11,627M. OWN Program Payouts guidance is $938M-$976M versus prior $929M-$985M, and midpoint Rental Segment revenue growth outlook was raised to 43% from 33%.
- Prior Guidance — Prior guidance on July 9, 2026 was Total Revenue $5,254M-$5,682M, Rental Segment Revenue $3,472M-$3,748M, and Adjusted Core EBITDA $1,946M-$2,058M.
- Unchanged Capex and Locations — Gross Rental Capex guidance is $2,664M-$2,886M and Net Rental Capex guidance is $980M-$1,060M, both unchanged from prior. OWN Program % of OEC is 55%-60% and Full-Service Rental Locations are 427-435, both unchanged from prior.
- EBITDA Composition — Adjusted Core EBITDA includes $278M-$290M of Sales Segment EBITDA.
- Mature Sites — Mature rental site locations are expected to reach 262 by end of 2026, up from 186 for year ended December 31, 2025.
- Management Commentary — CEO Jabbok Schlacks cites a long-term Core EBITDA annual run rate of approximately $4 billion, along with strong customer demand, high fleet utilization, and strong visibility through the remainder of 2026 and into 2027.
All 12 details
- OEC guidance $11,391M-$11,613M, raised from prior $10,577M-$11,627M.
- OWN Program Payouts guidance $938M-$976M versus prior $929M-$985M.
- Gross Rental Capex guidance $2,664M-$2,886M, unchanged from prior.
- Net Rental Capex guidance $980M-$1,060M, unchanged from prior.
- OWN Program % of OEC 55%-60%, unchanged from prior.
- Full-Service Rental Locations 427-435, unchanged from prior.
- Adjusted Core EBITDA includes $278M-$290M of Sales Segment EBITDA.
- Mature rental site locations expected 262 by end of 2026, up from 186 for year ended December 31, 2025.
- Midpoint full-year Rental Segment revenue growth outlook raised to 43% from 33%.
- CEO Jabbok Schlacks cites long-term Core EBITDA annual run rate of approximately $4 billion.
- Prior guidance (July 9, 2026): Total Revenue $5,254M-$5,682M; Rental Segment Revenue $3,472M-$3,748M; Adjusted Core EBITDA $1,946M-$2,058M.
- CEO Jabbok Schlacks cites strong customer demand, high fleet utilization, and strong visibility through the remainder of 2026 and into 2027.
At the time of this announcement, EQPT was trading at $14.02 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $3.4B. The 52-week trading range was $13.00 to $35.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.