Ingersoll Rand Q2 2026: Strong Organic Growth Drives Guidance to High End
IR sits 18% above its 52-week low of $68.07.
Summary
Ingersoll Rand reported Q2 2026 revenue of $2.05B (+9% YoY) and adjusted EPS of $0.86, while raising full-year guidance to the high end of $3.45–$3.57. The quarter also featured strong organic growth, two new acquisitions, and a Moody's upgrade.
Key Events · Earnings and Guidance · IR
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Q2 Revenue and Earnings Beat
Revenue rose 9% to $2.05B, and adjusted EPS of $0.86 exceeded expectations, driven by 4% organic revenue growth.
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Full-Year Guidance Raised
Adjusted EPS guidance tightened to the high end of $3.45–$3.57, with revenue growth of 4.5%–6.5% and adjusted EBITDA of $2.13B–$2.19B.
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Two Strategic Acquisitions Announced
The acquisition of Fai Filtri s.r.l. (industrial filters) is expected to close in Q4 2026, while a U.S.-based blower manufacturer acquisition closes on July 31, 2026.
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Strong Capital Returns
During Q2, $240M was deployed in share repurchases and $8M in dividends; liquidity remains robust at $3.8B.
Analysis · IR · Technology
A solid second quarter saw revenue climb 9% to $2.05 billion and adjusted EPS reach $0.86, beating expectations. Broad-based organic growth stood out, with Precision and Science Technologies orders up 7% organically. Confidence in sustained momentum is reflected in management's decision to raise full-year adjusted EPS guidance to the high end of $3.45–$3.57. The balance sheet remains robust with $3.8 billion in liquidity, and capital deployment continues aggressively—$240 million in buybacks and two new acquisitions announced, including Fai Filtri. A Moody's upgrade to Baa1 further cements the investment-grade profile. This earnings report reinforces the thesis of durable growth and disciplined capital allocation.
At the time of this filing, IR was trading at $80.58 on NYSE in the Technology sector, with a market capitalization of approximately $33B. The 52-week trading range was $68.07 to $100.96. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.