Terex Lifts Full-Year Outlook After Q2 Earnings Beat on Robust Demand
TEX sits 62% above its 52-week low of $41.7 on elevated volume (2.0× avg).
Summary
Terex posted Q2 2026 sales of $2.2B and adjusted EPS of $1.37, exceeding expectations, and raised its full-year guidance on the back of strong bookings and backlog.
Key Events · Earnings and Guidance · TEX
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Q2 Revenue and Earnings Beat
Net sales hit $2.2 billion, a 50.5% reported increase, while adjusted EPS came in at $1.37 compared with $1.49 a year ago, reflecting strong demand and solid operational execution.
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Raised Full-Year 2026 Guidance
The outlook now calls for sales of $7.9–$8.2 billion and adjusted EBITDA of $960 million–$1 billion, implying roughly 14.5% EBITDA growth at the midpoint on a pro forma basis.
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Bookings Surge 25.2% Pro Forma
Bookings reached $2.0 billion, a 25.2% year-over-year increase on a pro forma basis, pushing backlog to $6.9 billion, up 3.9%.
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Segment Performance Mixed
Materials Processing and Specialty Vehicles delivered margin improvement, while Aerials saw its margin compress to 5.7% from 9.1% due to tariffs and inflation.
Analysis · TEX · Technology
A standout second quarter saw revenue climb 50.5% to $2.2 billion and adjusted EPS reach $1.37, fueled by broad-based segment growth. Bookings surged 25.2% on a pro forma basis, swelling backlog to $6.9 billion. Reflecting confidence in sustained demand and synergy gains from the REV acquisition, management raised its full-year guidance to sales of $7.9–$8.2 billion and adjusted EBITDA of $960 million–$1 billion. The results and upgraded outlook underscore improving operational momentum and a healthy demand backdrop, though tariff-driven margin compression in the Aerials segment bears watching.
At the time of this filing, TEX was trading at $67.49 on NYSE in the Technology sector, with a market capitalization of approximately $7.4B. The 52-week trading range was $41.70 to $74.69. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.