Parker Hannifin (PH) Q1 2026 Earnings
How Did PH Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +1.90%.
Did PH Beat Earnings? Q1 2026 Results
Yes. Parker Hannifin reported Q1 2026 earnings of $7.22 a share on Nov 6, 2025, beating the $6.62 consensus estimate by 9.0%. Revenue was $5.1B against a $4.9B estimate.
Parker Hannifin delivered a record fiscal first quarter for 2026, posting adjusted EPS of $7.22 against a consensus estimate of $6.62, a beat of 9.01%, while revenue of $5.08 billion topped expectations by 2.86% and grew 3.7% year over year. The headline driver was the Aerospace Systems segment, which posted 12.8% organic growth fueled by commercial OEM strength and resilient aftermarket demand, helping lift total adjusted segment operating margin 170 basis points to a record 27.4%. The Diversified Industrial segment also turned a corner, with North America returning to positive organic growth at 2.1%, signaling an inflection after a prolonged soft patch. Order momentum reinforced the outlook, with total company orders up 8% and backlog reaching a record $11.30 billion. Against that backdrop, Parker raised full-year adjusted EPS guidance to a range of $29.60 to $30.40 and guided total sales growth of 4% to 7%. The quarter's strong free cash generation and earnings power also provide a foundation as the company moves ahead with its announced $9.25 billion acquisition of Filtration Group, a deal expected to meaningfully expand Parker's aftermarket revenue base.
- 5% organic sales growth driven by strong aerospace demand and gradual industrial recovery
- Adjusted segment operating margin expanded 170 basis points to 27.4%
- Aerospace Systems delivered 12.8% organic growth on commercial OEM growth and aftermarket strength
- North America Diversified Industrial organic growth turned positive at 2.1%
- Total company order rates increased 8%
- Record backlog of $11.3 billion
- Asia Pacific organic growth of 6.1%
- Win Strategy business system driving operational excellence
“Our global team produced record sales, segment operating margin, earnings per share and year-to-date cash flow. These results demonstrate our ability to consistently deliver operational excellence fueled by our business system The Win Strategy™. First quarter organic sales grew 5%, as strong demand continued in aerospace and our industrial businesses showed a gradual return to growth. Positive sales growth and an adjusted segment margin increase of 170 basis points, contributed to an adjusted earnings per share increase of 16%. With this strong first quarter performance and higher order rates, we have increased our outlook.”
Parker Hannifin CEO, on the earnings call
What Was Parker Hannifin's Outlook in Q1 2026?
Parker Hannifin raised its FY2026 guidance. Total sales growth is now expected in the range of 4.0% to 7.0%, with organic sales growth of approximately 4% at the midpoint, acquisitions contributing approximately 1%, previously completed divestitures of approximately 1%, and favorable currency of 1.5%. Segment operating margin outlook has been increased to 23.6% to 24.0% (26.8% to 27.2% adjusted). EPS guidance has been raised to $25.53 to $26.33 ($29.60 to $30.40 adjusted). Organic sales growth is forecast at 2.5% to 5.5%.
PH YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $5.1B | $4.9B | +3.7% |
| Gross Profit | $1.9B | $1.8B | +5.3% |
| Operating Income | $1.0B | $972.8M | +6.3% |
| Net Income | $808.0M | $698.4M | +15.7% |
PH Revenue by Segment
PH Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.