United Rentals Q2 2026: Revenue Up 12%, EPS $12.03, $5B Buyback Underway
URI sits 67% above its 52-week low of $701.59.
Summary
United Rentals posted Q2 2026 revenue of $4.41 billion, up 11.8%, with net income of $753 million. The company is executing a $5 billion buyback and raised its dividend.
Key Events · Earnings and Guidance · URI
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Revenue Growth Accelerates
Total revenue rose 11.8% to $4.41 billion, with equipment rentals up 12.7% to $3.85 billion, driven by a 7.1% increase in average OEC and 3.4% fleet productivity gain.
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Earnings Beat with One-Time Gain
Net income of $753 million ($12.03 diluted EPS) included a $49 million pre-tax gain on the sale of part of the scaffolding business, contributing $0.58 per share.
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Capital Return Program Expands
Repurchased $400 million of stock under a new $5 billion authorization; declared a quarterly dividend of $1.97 per share, payable August 26.
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Restructuring for Efficiency
Incurred $51 million in restructuring charges year-to-date under the 2026 Cost Savings Program, expected to total $55-$65 million, targeting cost reductions.
Analysis · URI · Trade & Services
United Rentals delivered strong Q2 results with equipment rental revenue growing 12.7% year-over-year, driven by higher average OEC and fleet productivity. Net income rose 21% to $753 million, or $12.03 per diluted share, including a $0.58 gain from the sale of part of its scaffolding business. The company continues to return capital aggressively, repurchasing $400 million under a new $5 billion program and declaring a $1.97 quarterly dividend. While debt remains high at $14.2 billion, liquidity is ample at $3 billion, and the restructuring program aims to improve efficiency. The stock trades near its 52-week high, reflecting market confidence in the rental cycle.
At the time of this filing, URI was trading at $1,174.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $64.8B. The 52-week trading range was $701.59 to $1,143.69. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.