Q2 26 EPS
$4.50
BEAT +0.22%
Est. $4.49
Q2 26 Revenue
$9.29B
vs S&P Since Q2 26
-6.3%
TRAILING MARKET
LIN -3.0% vs S&P +3.4%
Market Reaction
Did LIN Beat Earnings? Q2 2026 Results
Linde PLC delivered a steady beat in the second quarter of 2026, posting adjusted diluted EPS of $4.50 against a consensus estimate of $4.49, a 0.22% beat that extends the industrial gas giant's winning streak to five consecutive quarters of topping … Read more Linde PLC delivered a steady beat in the second quarter of 2026, posting adjusted diluted EPS of $4.50 against a consensus estimate of $4.49, a 0.22% beat that extends the industrial gas giant's winning streak to five consecutive quarters of topping expectations. Revenue climbed 9.3% year-over-year to $9.29 billion, with the company's Asia Pacific segment leading the charge at 13% growth, powered by an 8% underlying gain as electronics and chemicals and energy project start-ups drove volume higher. The strong top-line result reflects Linde's deepening footprint in high-demand end markets, with the company's total project backlog reaching $11.00 billion and its sale of gas backlog hitting a record $8.10 billion after signing a new long-term electronics supply contract in the U.S. Linde also returned $1.59 billion to shareholders during the quarter through dividends and buybacks. Looking ahead, management raised full-year 2026 adjusted EPS guidance to $17.70 to $17.90, representing 8% to 9% growth, while third-quarter EPS is guided at $4.45 to $4.55.
Key Takeaways
- • 2% price attainment across segments
- • 2% volume growth driven by electronics, manufacturing, and chemicals & energy end markets
- • New long-term electronics supply contract signed in the U.S.
- • Project start-ups contributing to Asia Pacific volume growth
- • Acquisitions added 1% to sales growth
- • Favorable currency translation impact of 2%
LIN Forward Guidance & Outlook
For Q3 2026, Linde expects adjusted diluted EPS of $4.45 to $4.55, up 6% to 8% versus prior-year quarter, with no expected impact from foreign currency translation. For full-year 2026, the company expects adjusted diluted EPS of $17.70 to $17.90, up 8% to 9% assuming favorable currency of 1% versus prior year. Full-year capital expenditures are expected in the range of $5.5 billion to $6.0 billion to support growth and maintenance requirements including the $8.1 billion contractual sale of gas project backlog.
LIN YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
LIN Revenue by Segment
With YoY comparisons, source: SEC Filings
LIN Revenue by Geography
With YoY comparisons, source: SEC Filings
“Linde employees delivered another solid quarter, generating record sales and EPS while maintaining industry-leading profitability with 29.5% operating margin and 23.5% return on capital. During the quarter, we also signed another long-term electronics supply contract in the U.S., increasing the sale of gas backlog to a record $8.1 billion.”
— Sanjiv Lamba, Q2 2026 Earnings Press Release
LIN Earnings Trends
LIN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LIN EPS Trend
Earnings per share: estimate vs actual
LIN Revenue Trend
Quarterly revenue: estimate vs actual
LIN Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $4.49 | $4.50 | +0.22% | $9.29B | — |
| Q1 26 BEAT | $4.27 | $4.33 | +1.40% | $8.78B | +2.09% |
| Q4 25 BEAT FY | $4.18 | $4.20 | +0.55% | $8.76B | +1.35% |
| FY Full Year | $16.41 | $16.46 | +0.33% | $34.00B | +0.39% |
| Q3 25 BEAT | $4.18 | $4.21 | +0.75% | $8.62B | -0.01% |
| Q2 25 BEAT | $4.04 | $4.09 | +1.36% | $8.50B | +1.40% |
| Q1 25 BEAT | $3.92 | $3.95 | +0.68% | $8.11B | -1.69% |