Linde Tops Q2 Estimates and Lifts Full-Year Outlook, Backed by Record Backlog
LIN sits 28% above its 52-week low of $387.78.
Summary
Linde posted Q2 2026 adjusted EPS of $4.50, beating estimates, and raised full-year guidance to $17.70–$17.90. A record $8.1 billion project backlog underpins future growth.
Key Events · Earnings and Guidance · LIN
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Q2 Earnings Beat
Adjusted EPS of $4.50 exceeded the $4.48 consensus, while sales rose 9% to $9.3 billion, driven by 4% underlying growth.
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Full-Year Guidance Raised
Full-year 2026 adjusted EPS guidance was lifted to $17.70–$17.90, representing 8–9% growth, with Q3 guidance set at $4.45–$4.55.
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Record Project Backlog
The sale-of-gas backlog hit a record $8.1 billion after signing a new long-term electronics supply contract, supporting future capital deployment of $5.5–$6.0 billion.
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Strong Cash Generation
Operating cash flow of $2.3 billion, up 3% year-over-year, funded $1.6 billion in shareholder returns—via dividends and buybacks—and $1.4 billion in capex.
Analysis · LIN · Industrial Applications And Services
A strong quarter saw adjusted EPS of $4.50, edging past the $4.48 consensus, while the lower end of full-year 2026 adjusted EPS guidance was raised to $17.70–$17.90, implying 8–9% growth. The record $8.1 billion sale-of-gas backlog, fueled by a new long-term electronics supply contract, provides multi-year revenue visibility. With operating cash flow of $2.3 billion and industry-leading margins, the company is well positioned to fund growth and return capital to shareholders.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 35.6% of the 1100 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, LIN was trading at $498.03 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $235.3B. The 52-week trading range was $387.78 to $548.20. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.