Companies /Industrials

Parker-Hannifin Corp

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

Q2 2026 Earnings

Reported Jan 29, 2026, 7:59am ET · SEC source
$7.65
Beat +6.75%
EPS · est. $7.17
$5.2B
Beat +2.05%
Revenue · est. $5.1B
+6.2%
Beating market
PH vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−1%0+1%Jan 29Jan 30report 7:59am ETearnings−0.6%−0.9%
−1%0+1%Jan 29Jan 30earnings−0.6%−0.9%
PH −0.9%S&P 500 −0.6%
−2%0Jan 29Jan 30report 7:59am ETearnings−1.5%−0.9%
−2%0Jan 29Jan 30earnings−1.5%−0.9%
PH −0.9%NASDAQ −1.5%
−2%0+2%Jan 28Feb 6report 7:59am ETearnings−2.3%+3.0%
−2%0+2%Jan 28Feb 6earnings−2.3%+3.0%
PH +3.0%S&P 500 −2.3%
−6%−3%0+3%Jan 28Feb 6report 7:59am ETearnings−5.2%+3.0%
−6%−3%0+3%Jan 28Feb 6earnings−5.2%+3.0%
PH +3.0%NASDAQ −5.2%
+3.51%
Day of report
−1.32%
Next session
+2.03%
One week
+4.25%
30 days

S&P 500 over the same 30 days: −1.98%.

Did PH Beat Earnings? Q2 2026 Results

Parker Hannifin posted a record-breaking fiscal second quarter for 2026, beating Wall Street expectations on both the top and bottom lines as robust aerospace demand and broad industrial momentum drove results well above consensus. Adjusted earnings per share came in at $7.65, topping the $7.17 estimate by 6.75%, while revenue climbed 9.1% year over year to $5.17 billion, exceeding the $5.07 billion consensus by 2.05%. The standout driver was the Aerospace Systems segment, which delivered record sales of $1.71 billion on 13.5% organic growth, with commercial OEM volumes surging 26% and aftermarket up 17%, pushing adjusted segment operating margin to a record 30.2%. Company-wide backlog swelled to a record $11.70 billion, reflecting the kind of durable demand that has attracted renewed investor attention to industrial leaders. On the strength of these results, management raised full-year fiscal 2026 adjusted EPS guidance to a range of $30.40 to $31.00, with reported sales growth now expected between 5.5% and 7.5%, signaling continued confidence in both aerospace momentum and a gradual industrial recovery.

Key Takeaways
  • Organic sales growth of 6.6% across all reported businesses
  • Aerospace Systems segment drove 13.5% organic growth with 26% commercial OEM growth and 17% aftermarket growth
  • Adjusted segment operating margin expanded 150 bps to a record 27.1%
  • Asia organic growth at 9%; EMEA returned to positive at 2% organic growth
  • Order rates increased to 9% company-wide with all businesses generating positive growth
  • Record backlog of $11.7 billion company-wide and $8 billion in Aerospace Systems

“This was another outstanding quarter that reflected the performance of our global team, the power of our business system The Win Strategy™, and the strength of our transformed portfolio.”

Parker Hannifin CEO, on the earnings call

Forward Guidance & Outlook

Parker Hannifin raised its fiscal year 2026 guidance. Reported sales growth is now expected in the range of 5.5% to 7.5%, with organic sales growth of approximately 5% at midpoint, acquisitions contributing approximately 1%, divestitures approximately 1%, and favorable currency of 1.5%. Segment operating margin outlook was increased to 23.7% to 24.1% (27.0% to 27.4% adjusted). GAAP EPS guidance was raised to $26.26 to $26.86, and adjusted EPS guidance was raised to $30.40 to $31.00. The improved outlook reflects strong Q2 results, robust aerospace demand, and continued gradual recovery in industrial markets.

PH YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$2.0B$4.0B$4.7B$5.2BRevenue$1.7B$1.9BGross Profit$965.1M$1.2BOperating Income$948.6M$845.0MNet Income
$0$2.0B$4.0BRevenueGross ProfitOperating IncomeNet Income

PH Revenue by Segment

Diversified Industrial - North America$2.0B+3.0%
Aerospace Systems$1.7B+14.5%
Diversified Industrial - International$1.5B+11.8%

PH Revenue by Geography

Europe
Asia Pacific
Latin America

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