Linde Projects 8%+ Revenue Growth on AI Chip Demand, Record $11.1B Backlog
LIN sits 20% above its 52-week low of $387.78.
Summary
Linde's revenue growth is expected to accelerate to at least 8%, driven by AI-related semiconductor manufacturing demand for industrial gases. The company cites a record $11.1 billion project backlog and major supply agreements near chip fabs. About 30% of gas revenue comes from on-site facilities with 15-20 year take-or-pay contracts and energy cost pass-throughs, providing stability. Operating margins are trending toward 31%, and adjusted EPS is projected to grow 13-14% annually. This follows Linde's Q2 beat and raised guidance in July, and a long-term gas supply agreement with a top semiconductor manufacturer announced the same day. The stock closed Monday at $464.41, down more than 3% over the past year.
At the time of this announcement, LIN was trading at $464.50 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $213.4B. The 52-week trading range was $387.78 to $548.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Binance News.