Earnings Brief

Linde Q2 Revenue Rises 9% YoY to $9.3B, Adjusted EPS Beats Estimates

Linde posted Q2 2026 revenue of $9.3 billion and adjusted EPS of $4.50, up 9% and 10% year-over-year respectively, beating market expectations. The company also raised its full-year guidance.

Justin Jeon·July 31, 2026 at 21:06·4 min

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AIKey Summary

Linde's Q2 revenue rose 9% YoY to $9.3 billion, with adjusted EPS of $4.50 beating estimates
The company raised both its Q3 and full-year adjusted EPS guidance

Linde reported second-quarter fiscal 2026 revenue of $9.3 billion, up 9% year-over-year, according to an SEC Form 8-K filing.

📊 Price at time of writing (Jul 31, 2026, 9:05 PM KST)
$508.64 ▼ -0.49%

Q2 Results at a Glance

Linde's second-quarter revenue rose 9% year-over-year to $9.3 billion, driven by price increases, higher sales volumes, and contributions from acquisitions. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) climbed 7% to $2.7 billion.

Revenue: $9.3 billion, +9% YoY
EPS: $4.15; adjusted EPS of $4.50 beat market estimates
Operating income: $2.6 billion; adjusted operating income: $2.7 billion

Next-Quarter Outlook

Linde forecast third-quarter adjusted EPS of $4.45 to $4.55, up 6% to 8% year-over-year. The company also raised its full-year guidance, projecting adjusted EPS of $17.70 to $17.90, an increase of 8% to 9% from the prior year. CEO Sanjiv Lamba said the company "delivered a solid quarter, maintaining a 29.5% operating margin and 23.5% return on capital." He added that Linde "signed additional long-term electronics supply contracts in the U.S. this quarter, pushing the gas sale backlog to a record $8.1 billion."

Market Reaction

International outlets reported that Linde topped market expectations and raised the low end of its full-year guidance. The company returned $1.6 billion to shareholders in the second quarter alone through dividends and share buybacks. Still, shares dipped slightly after the earnings release. At the time of writing, Linde stock traded at $508.64, down 0.49% from the previous close.

Segment Breakdown

Americas: $4.1 billion, +7% YoY, 31.2% operating margin
Asia Pacific: $1.9 billion, +13% YoY, 28.4% operating margin
EMEA: $2.3 billion, +7% YoY, 35.7% operating margin
Linde Engineering: $625 million, +13% YoY, 16.0% operating margin

This article was auto-generated based on the original SEC Form 8-K filing and international media reports, with the goal of delivering key data promptly after the announcement. Readers are advised to review the company's official filing before making trading decisions. Prices reflect the time of writing and may differ from current levels.

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