Q2 26 EPS
$7.65
BEAT +6.75%
Est. $7.17
Q2 26 Revenue
$5.17B
BEAT +2.05%
Est. $5.07B
vs S&P Since Q2 26
-10.9%
TRAILING MARKET
PH -6.7% vs S&P +4.1%
Market Reaction
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 … Read more 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
PH YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
PH Revenue by Segment
With YoY comparisons, source: SEC Filings
PH Revenue by Geography
Regional revenue distribution
“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.”
— Jenny Parmentier, Q2 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% |