Lennox International (LII) Q2 2026 Earnings: Guidance Cut Despite Beat
As seen on the 24/7 Wall St. homepage on July 29, 2026.
Lennox beat earnings by a hair but slashed full-year profit guidance as a booming commercial business swinging 24% growth couldn't offset a 7% residential collapse, forcing the HVAC company to pull down its EPS outlook to $23.00-$24.00 from $23.50-$25.00.
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Lennox International reported Q2 2026 earnings per share of $7.72, edging past the consensus estimate of roughly $7.70 by about a quarter of a percent. Revenue came in at $1.545 billion, which was just under the $1.564 billion analysts had expected — a miss of about 1.2%. The slight top-line shortfall reflects the uneven picture across the company's two main business lines.
The commercial segment delivered standout growth of 24%, but that momentum was not enough to compensate for a sharp 7% decline in the residential business. That residential weakness is the key driver behind Lennox's decision to lower its full-year EPS guidance to a range of $23.00–$24.00, down from the prior range of $23.50–$25.00. The midpoint of the new range is roughly $1 below where the company was guiding investors just a quarter ago.
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Looking at the recent revenue trend, Q2 2026's $1.545 billion is the highest quarterly figure in the last nine reported periods, edging out Q2 2025's $1.501 billion and Q3 2024's $1.498 billion. That makes the guidance cut more notable — even at peak seasonal revenue, the residential drag is weighing heavily enough on margins and mix that Lennox felt compelled to reset expectations for the back half of the year.
Mentioned: LII