Q4 26 EPS Adjusted
$9.27
BEAT +12.15%
Est. $8.27
Adjusted results exclude $84 million tariff refund (reduction of cost of sales from IEEPA tariff refunds), $148 million amortization of acquired intangibles, $19 million business realignment charges, $7 million integration costs to achieve, $7 million acquisition-related expenses, and $28 million other adjustments (impairment charges and pension buyout charge)
Q4 26 Revenue
$5.76B
BEAT +3.31%
Est. $5.57B
vs S&P Since Q4 26
+6.4%
BEATING MARKET
PH +7.0% vs S&P +0.5%
Full Year 2026 Results
FY 26 EPS
$32.31
BEAT +3.31%
Est. $31.28
FY 26 Revenue
$21.50B
BEAT +0.82%
Est. $21.32B
Market Reaction
Did PH Beat Earnings? Q4 2026 Results
Parker-Hannifin delivered a standout fiscal fourth quarter, posting adjusted EPS of $9.27 against a consensus estimate of $8.27, a beat of 12.15% that extended the company's streak of exceeding Wall Street expectations to five consecutive quarters. R… Read more Parker-Hannifin delivered a standout fiscal fourth quarter, posting adjusted EPS of $9.27 against a consensus estimate of $8.27, a beat of 12.15% that extended the company's streak of exceeding Wall Street expectations to five consecutive quarters. Revenue climbed 9.8% year over year to $5.75 billion, topping the $5.57 billion consensus by 3.31%, as broad-based organic growth across all three segments drove results well ahead of forecasts. The single most material engine behind the performance was Aerospace Systems, where sales rose 13.4% to $1.90 billion with double-digit growth across every market segment and backlog swelling to $8.50 billion, reflecting sustained demand across commercial and defense platforms. Adjusted results excluded items including $148 million in amortization of acquired intangibles and $19 million in business realignment charges, among others. Looking ahead, management guided fiscal 2027 adjusted EPS to a range of $34.25 to $35.25 and raised its FY31 adjusted segment operating margin target by 300 basis points to 30%, signaling confidence in continued expansion as industrial market conditions broaden.
Key Takeaways
- • 8.0% organic sales growth across all segments
- • Broadening industrial recovery with sales improvement across all market verticals
- • Aerospace Systems achieved double-digit growth in all market segments with record $8.5 billion backlog
- • Asia Pacific led international growth with 16% organic growth
- • Adjusted segment operating margin expansion of 110 bps to 28.0%
- • Order rates up 19% overall: DI North America +16%, DI International +24%, Aerospace +18%
- • Record total backlog of $12.8 billion with increases in all segments
PH Forward Guidance & Outlook
For fiscal year 2027, Parker expects reported sales growth of 5.5% to 8.5% (organic sales growth of 5.5% to 8.5%, with ~0.5% from previously completed acquisitions offset by ~0.5% unfavorable currency). Segment operating margin is guided at 24.5% to 24.9%, or 27.5% to 27.9% adjusted. GAAP EPS is expected at $30.00 to $31.00, or $34.25 to $35.25 adjusted. This guidance excludes the pending acquisitions of Filtration Group Corporation and CIRCOR's Commercial and Defense Aerospace Business. Management raised its FY31 adjusted segment operating margin target by 300 bps to 30%, and reaffirmed commitments to 4-6% organic growth, 17% free cash flow margin, and >10% adjusted EPS growth by FY31. Management expects a broadening recovery in industrial markets with positive organic growth across all market verticals.
PH YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
PH Revenue by Segment
With YoY comparisons, source: SEC Filings
PH Revenue by Geography
Regional revenue distribution
“On behalf of the entire leadership team, thank you to our global team members for their outstanding contributions in fiscal year 2026. We had our safest year ever, continued enhancing our portfolio of interconnected technologies through strategic acquisitions, and demonstrated operational excellence to deliver record results. We also returned value to shareholders with balanced capital deployment through share repurchases and a dividend increase of 11%.”
— Jenny Parmentier, Q4 2026 Earnings Press Release
PH Earnings Trends
PH vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PH EPS Trend
Earnings per share: estimate vs actual
PH Revenue Trend
Quarterly revenue: estimate vs actual
PH Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY Adjusted results exclude $84 million tariff refund (reduction of cost of sales from IEEPA tariff refunds), $148 million amortization of acquired intangibles, $19 million business realignment charges, $7 million integration costs to achieve, $7 million acquisition-related expenses, and $28 million other adjustments (impairment charges and pension buyout charge) | $8.27 | $9.27 | +12.15% | $5.76B | +3.31% |
| FY Full Year | $31.28 | $32.31 | +3.31% | $21.50B | +0.82% |
| Q3 26 BEAT | $7.83 | $8.17 | +4.36% | $5.49B | +1.62% |
| Q2 26 BEAT | $7.17 | $7.65 | +6.75% | $5.17B | +2.05% |
| Q1 26 BEAT | $6.62 | $7.22 | +9.01% | $5.08B | +2.86% |
| Q4 25 BEAT FY | $7.08 | $7.15 | +0.95% | $5.24B | +2.75% |
| FY Full Year | $26.73 | $27.12 | +1.45% | $19.85B | +0.60% |
| Q3 25 BEAT | $6.72 | $6.94 | +3.26% | $4.96B | -0.55% |