McGrath RentCorp Q3 2026: Data Center Demand Lifts EPS Past Estimates
As seen on the 24/7 Wall St. homepage on October 28, 2026.
Test equipment rental revenue at TRS-RenTelco rose 26% to $35.4 million, carrying the quarter past expectations after two straight misses. Management raised rental fleet capex guidance to $270 to $290 million to chase data center demand.
Continue ReadingShow less
Data center construction turned the TRS-RenTelco division into the quarter's growth engine, with electronic test equipment rental revenues surging 26% to $35.4 million after two consecutive quarters of missing expectations.
GAAP earnings per share of $2.00 came in above the consensus estimate, beating expectations, with total revenue also ahead of estimates.
Sponsored
TRS-RenTelco strength more than absorbed a soft patch in Portable Storage, where rental revenues fell 3% as higher equipment preparation and trucking costs pressured margins, while Mobile Modular held steadier.
Gross rental equipment capex guidance was raised to $270 to $290 million from the prior range of $200 to $220 million, signaling continued rental demand from data center projects. Full-year revenue guidance was trimmed on lower modular new equipment sales, and the quarterly dividend rose to $0.495 per share.
Mentioned: MGRC