Q1 26 EPS
$2.28
Q1 26 Revenue
$2.05B
BEAT +2.51%
Est. $2.00B
vs S&P Since Q1 26
+5.5%
BEATING MARKET
DOV +7.3% vs S&P +1.7%
Market Reaction
Did DOV Beat Earnings? Q1 2026 Results
Dover Corporation delivered a clean beat to open 2026, with first-quarter revenue of $2.05 billion rising 10.1% year-over-year and adjusted diluted EPS of $2.28 edging past the $2.27 consensus estimate by 0.44%, extending the company's streak of beat… Read more Dover Corporation delivered a clean beat to open 2026, with first-quarter revenue of $2.05 billion rising 10.1% year-over-year and adjusted diluted EPS of $2.28 edging past the $2.27 consensus estimate by 0.44%, extending the company's streak of beating EPS expectations to four consecutive quarters. The revenue result topped analyst forecasts by 2.51%, aided by broad-based strength across the portfolio, with Climate & Sustainability Technologies posting 15.2% organic growth and Clean Energy & Fueling adding 11.1%. Perhaps the most telling signal of momentum was bookings of $2.46 billion for the quarter, well above the $1.99 billion recorded a year ago, with book-to-bill above one across all five segments. Total segment earnings margin ticked up to 22.2% from 22.0%, and operating cash flow improved to $191.00 million from $157.47 million. Management reaffirmed full-year 2026 adjusted EPS guidance of $10.45 to $10.65, reflecting commitment to double-digit growth at the midpoint despite a complicated global macroeconomic backdrop.
Key Takeaways
- • Continued strength in secular-growth-exposed end markets
- • Improving conditions across the portfolio with broad-based performance
- • Excellent bookings rates with book-to-bill well above one in all five segments
- • U.S. organic revenue growth of 12.1% led geographic performance
- • Climate & Sustainability Technologies organic growth of 15.2% led segment performance
- • Clean Energy & Fueling organic growth of 11.1%
- • Currency translation contributed 2.9% to revenue growth
- • Acquisitions contributed 1.9% to revenue growth
DOV Forward Guidance & Outlook
For full year 2026, Dover expects GAAP EPS in the range of $8.92 to $9.12 and adjusted EPS of $10.45 to $10.65, based on full year revenue growth of 5% to 7% (organic growth of 3% to 5%). Management remains committed to delivering double-digit adjusted EPS growth at the midpoint of guidance, consistent with Dover's long-term performance trajectory, despite a complicated global macroeconomic environment.
DOV YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
DOV Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered a solid start to the year, with double-digit revenue growth driven by continued strength in our secular-growth-exposed end markets and improving conditions across the portfolio. Performance in the quarter was broad-based, reflecting solid execution by our teams and healthy underlying demand. Bookings rates were excellent in the quarter, with book-to-bill well above one in all five segments, underscoring the momentum across the portfolio and providing improved visibility and confidence to our forecast.”
— Richard J. Tobin, Q1 2026 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% |