Companies /Industrials

Parker-Hannifin Corp

NYSE: PH Specialty Industrial Machinery
$949.38
▼ $2.71 (−0.28%) today
Markets closed · 5:06am ET

Q1 2026 Earnings

Reported Nov 6, 2025, 7:56am ET · SEC source
$7.22
Beat +9.01%
EPS · est. $6.62
$5.1B
Beat +2.86%
Revenue · est. $4.9B
+1.6%
Beating market
PH vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%Nov 6Nov 7report 7:56am ETearnings−1.9%+3.8%
−3%0+3%Nov 6Nov 7earnings−1.9%+3.8%
PH +3.8%S&P 500 −1.9%
−3%0+3%+6%Nov 6Nov 7report 7:56am ETearnings−3.3%+3.8%
−3%0+3%+6%Nov 6Nov 7earnings−3.3%+3.8%
PH +3.8%NASDAQ −3.3%
−4%0+4%+8%Nov 5Nov 13report 7:56am ETearnings−1.0%+4.1%
−4%0+4%+8%Nov 5Nov 13earnings−1.0%+4.1%
PH +4.1%S&P 500 −1.0%
−4%0+4%+8%Nov 5Nov 13report 7:56am ETearnings−2.6%+4.1%
−4%0+4%+8%Nov 5Nov 13earnings−2.6%+4.1%
PH +4.1%NASDAQ −2.6%
+7.75%
Day of report
+1.18%
Next session
+0.93%
One week
+3.45%
30 days

S&P 500 over the same 30 days: +1.90%.

Did PH Beat Earnings? Q1 2026 Results

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.

Key Takeaways
  • 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

Forward Guidance & Outlook

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

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$2.0B$4.0B$4.9B$5.1BRevenue$1.8B$1.9BGross Profit$972.8M$1.0BOperating Income$698.4M$808.0MNet Income
$0$2.0B$4.0BRevenueGross ProfitOperating IncomeNet Income

PH Revenue by Segment

Diversified Industrial - North America$2.0B−2.7%
Aerospace Systems$1.6B+13.3%
Diversified Industrial - International$1.4B+3.2%

PH Revenue by Geography

Europe
Asia Pacific
Latin America

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