Ingersoll Rand (IR) Q3 2026 Earnings
Adjusted diluted EPS of $1.07 includes IEEPA Tariff Refunds; the company reported adjusted EPS excluding IEEPA Tariff Refunds of $1.01. GAAP diluted EPS of $1.73 includes a $380.1 million recovery of acquisition related losses, net (ILC Dover transaction settlements).
How Did IR Stock React to Q3 2026 Earnings?
Did IR Beat Earnings? Q3 2026 Results
Yes. Ingersoll Rand reported Q3 2026 earnings of $1.07 a share on Oct 29, 2026, beating the $0.90 consensus estimate by 18.5%. Revenue was $2.1B against a $2.1B estimate.
Ingersoll Rand delivered a strong third quarter for fiscal 2026, posting adjusted EPS of $1.07 against a consensus estimate of $0.90, a beat of 18.53%, while revenue of $2.06 billion edged ahead of the $2.05 billion estimate and grew 5.6% year over year. The standout driver behind the quarter was a surge in orders, which reached $2.35 billion, up 21% reported and 18% organically, led by the Industrial Technologies and Services segment where a roughly $195 million engineered-to-order infrastructure booking helped push segment orders to a 1.17x book-to-bill ratio. Free cash flow nearly doubled to $623.30 million, and the company ended the period with net leverage of 1.6x and liquidity of $3.90 billion. Analysts had broadly anticipated solid industrial demand ahead of the print, and the results confirmed that view. Looking ahead, Ingersoll Rand updated full-year 2026 guidance to adjusted EPS of $3.58 to $3.70 and adjusted EBITDA of $2.13 billion to $2.19 billion, with revenue growth expected in a range of 5.5% to 7.0%.
- Orders of $2,345 million, up 21% reported and 18% organic
- IT&S orders up 25% (22% organic) on long-cycle project bookings, including a ~$195 million engineered-to-order infrastructure order
- IT&S organic revenue growth in all regions; book-to-bill of 1.17x
- Life Sciences orders and revenue up low double digits in P&ST
- P&ST adjusted EBITDA margin excl. IEEPA refunds up 180 bps to 32.6%
- IEEPA Tariff Refunds boosted adjusted EBITDA and adjusted EPS
- $380.1 million recovery of acquisition related losses from ILC Dover settlements boosted GAAP net income
- Free cash flow of $623 million vs $326 million in the prior year period
“We delivered strong organic orders growth and revenue performance in the third quarter, reflecting an improved demand environment and continued execution by our teams.”
Ingersoll Rand CEO, on the earnings call
What Is Ingersoll Rand's Outlook?
Ingersoll Rand updated its full-year 2026 guidance. Adjusted EBITDA and adjusted EPS targets exclude Q3 IEEPA Tariff Refunds. - **Revenue growth:** 5.5% to 7.0%, comprising currency of about +1%, M&A of about +2.5%, and organic growth of +2% to +3.5%. - **Adjusted EBITDA:** $2,130M to $2,190M, with corporate costs of about $170M. - **Adjusted EPS:** $3.58 to $3.70, assuming net interest expense of about $230M, an adjusted tax rate of about 20%, and a share count of about 390.5M. - **Free cash flow conversion:** 100%+ of adjusted net income including ILC Dover transaction-related recoveries; about 95% excluding these recoveries. - **Capex:** About 2% of sales. The company expects to collect the remaining ILC Dover recoveries in Q4. It also expects to close the acquisition of a U.S.-based pump manufacturer on October 30, 2026.
IR YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $2.1B | $2.0B | +5.6% |
| Gross Profit | $924.3M | $855.2M | +8.1% |
| Operating Income | $782.5M | $375.5M | +108.4% |
| Net Income | $669.9M | $244.1M | +174.4% |
IR Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.