Q2 25 EPS
$2.44
BEAT +2.07%
Est. $2.39
Q2 25 Revenue
$2.05B
BEAT +0.46%
Est. $2.04B
vs S&P Since Q2 25
+6.7%
BEATING MARKET
DOV +20.3% vs S&P +13.6%
Market Reaction
Did DOV Beat Earnings? Q2 2025 Results
Dover Corporation posted a stronger-than-expected second quarter of 2025, with adjusted diluted EPS of $2.44 clearing the $2.39 consensus estimate by 2.07% and revenue of $2.05 billion edging past forecasts by 0.46% on 5.2% year-over-year growth. The… Read more Dover Corporation posted a stronger-than-expected second quarter of 2025, with adjusted diluted EPS of $2.44 clearing the $2.39 consensus estimate by 2.07% and revenue of $2.05 billion edging past forecasts by 0.46% on 5.2% year-over-year growth. The standout driver behind the quarter was a record consolidated segment margin of 23.2%, the product of prior portfolio reshaping, favorable mix from growth platforms including biopharma and data center products, and disciplined cost containment. Clean Energy & Fueling led segment performance with 8.0% organic growth, while Pumps & Process Solutions added 3.9%, partially offsetting softness in Engineered Products and Climate & Sustainability Technologies, which fell 5.1% and 5.6% organically, respectively. Total bookings of $2.01 billion exceeded revenue and rose 7% over the prior-year period, with management noting that a majority of third-quarter revenue is already in backlog. Encouraged by the first-half momentum, Dover raised its full-year 2025 adjusted EPS guidance to $9.35 to $9.55, up from $9.20 to $9.40, with full-year revenue growth projected at 4% to 6%.
Key Takeaways
- • Broad-based shipment growth in short cycle components
- • Continued strength in secular-growth-exposed end markets
- • Record consolidated segment margin of 23.2% driven by portfolio actions, positive mix, cost containment and productivity
- • Clean Energy & Fueling organic growth of 8.0%
- • Pumps & Process Solutions organic growth of 3.9%
- • Acquisitions contributed 3.0% to revenue growth
- • Favorable currency translation of 1.3%
DOV YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
DOV Revenue by Segment
With YoY comparisons, source: SEC Filings
“Dover's second quarter results were solid, driven by excellent production performance and execution in the face of a highly dynamic global trading environment.”
— Richard J. Tobin, Q2 2025 Earnings Press Release
DOV Earnings Trends
DOV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
DOV EPS Trend
Earnings per share: estimate vs actual
DOV Revenue Trend
Quarterly revenue: estimate vs actual
DOV Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $2.28 | — | $2.05B | +2.51% |
| Q4 25 BEAT FY | $2.49 | $2.51 | +0.80% | $2.10B | +0.68% |
| FY Full Year | $9.57 | $9.61 | +0.37% | $8.09B | +0.18% |
| Q3 25 BEAT | $2.51 | $2.62 | +4.52% | $2.08B | -1.50% |
| Q2 25 BEAT | $2.39 | $2.44 | +2.07% | $2.05B | +0.46% |
| Q1 25 BEAT | $1.98 | $2.05 | +3.45% | $1.87B | -0.54% |