Companies /Basic Materials

Linde Plc.

NASDAQ: LIN Specialty Chemicals

Q2 2026 Earnings

Reported Jul 31, 2026, 7:24am ET · SEC source
$4.50
Beat +0.22%
EPS · est. $4.49
$9.3B
Miss +0.00%
Revenue · est. $0
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%−2%0Jul 31Jul 31report 7:24am ETearnings−0.1%−3.3%
−4%−2%0Jul 31Jul 31earnings−0.1%−3.3%
LIN −3.3%S&P 500 −0.1%
−4%−2%0Jul 31Jul 31report 7:24am ETearnings−1.0%−3.3%
−4%−2%0Jul 31Jul 31earnings−1.0%−3.3%
LIN −3.3%NASDAQ −1.0%
−3%0+3%Jul 30Aug 7report 7:24am ETearnings+3.8%−1.1%
−3%0+3%Jul 30Aug 7earnings+3.8%−1.1%
LIN −1.1%S&P 500 +3.8%
−3%0+3%+6%Jul 30Aug 7report 7:24am ETearnings+4.6%−1.1%
−3%0+3%+6%Jul 30Aug 7earnings+4.6%−1.1%
LIN −1.1%NASDAQ +4.6%
−5.95%
Day of report
+0.43%
Next session
+2.42%
One week

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 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%

“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.”

Linde CEO, on the earnings call

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 · SEC filings Q2 2025 Q2 2026
$0$3.0B$6.0B$9.0B$8.5B$9.3BRevenue$2.4B$2.6BOperating Income$1.8B$1.9BNet Income
$0$3.0B$6.0B$9.0BRevenueOperating IncomeNet Income

LIN Revenue by Segment

Americas$4.1B+7.0%
EMEA$2.3B+7.0%
Asia Pacific$1.9B+13.0%
APAC
Linde Engineering$625.0M+13.0%

LIN Revenue by Geography

Americas$4.1B+7.0%
EMEA$2.3B+7.0%
Asia Pacific$1.9B+13.0%

Figures from SEC filings and company reports. Not investment advice.