Q1 26 EPS
$7.22
BEAT +9.01%
Est. $6.62
Q1 26 Revenue
$5.08B
BEAT +2.86%
Est. $4.94B
vs S&P Since Q1 26
-1.9%
TRAILING MARKET
PH +5.5% vs S&P +7.4%
Market Reaction
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 head… Read more 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
PH YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
PH Revenue by Segment
With YoY comparisons, source: SEC Filings
PH Revenue by Geography
Regional revenue distribution
“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.”
— Jenny Parmentier, Q1 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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 | — | $8.17 | — | $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 | +0.99% | $5.24B | +2.31% |
| 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% |