Q3 26 EPS
$8.17
Q3 26 Revenue
$5.49B
BEAT +1.62%
Est. $5.40B
vs S&P Since Q3 26
-6.9%
TRAILING MARKET
PH -6.6% vs S&P +0.3%
Market Reaction
Did PH Beat Earnings? Q3 2026 Results
Parker-Hannifin delivered a strong fiscal third quarter, posting record adjusted earnings of $8.17 per share, beating the Wall Street consensus of $7.83 by 4.36%, and extending the company's streak of consensus EPS beats to four consecutive quarters.… Read more Parker-Hannifin delivered a strong fiscal third quarter, posting record adjusted earnings of $8.17 per share, beating the Wall Street consensus of $7.83 by 4.36%, and extending the company's streak of consensus EPS beats to four consecutive quarters. Revenue of $5.49 billion topped estimates by 1.62% and rose 10.6% year over year, powered in large part by an exceptional performance from the Aerospace Systems segment, which grew reported sales 15.5% and achieved a record adjusted operating margin of 29.5%, up 80 basis points. Companywide order momentum came in at plus 9%, with backlog climbing to a record $12.50 billion, reinforcing confidence in near-term demand. An 11% dividend increase, extending the company's streak of annual dividend hikes to 70 consecutive fiscal years, added further color to an already upbeat report. Management responded by raising its full-year fiscal 2026 outlook, now targeting adjusted EPS of approximately $31.20, implying mid-teens adjusted EPS growth, alongside organic sales growth of roughly 5.5%.
Key Takeaways
- • Record sales of $5.5 billion driven by 6.5% organic growth and acquisitions
- • Aerospace Systems led with 14.2% organic growth, driven by 22% commercial OEM growth and 14% aftermarket growth
- • International segment led by Asia Pacific with 9.6% organic growth
- • North America organic growth of 2.8% driven by in-plant & industrial, off-highway and energy
- • Overall order rates strong at +9% with record backlog of $12.5 billion
- • Adjusted segment operating margin expanded 40 bps to 26.7%
- • Year-to-date operating cash flow reached a record $2.6 billion, or 16.7% of sales
PH Forward Guidance & Outlook
Parker raised its fiscal year 2026 guidance: reported sales growth of ~7%, organic sales growth of ~5.5% (with ~1% from acquisitions, ~(1)% from divestitures, and ~1.5% from currency). Segment operating margin expected at ~23.9%, or ~27.2% on an adjusted basis. GAAP EPS of ~$27.10 and adjusted EPS of ~$31.20, implying mid-teens adjusted EPS growth for the full year.
PH YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
PH Revenue by Segment
With YoY comparisons, source: SEC Filings
PH Revenue by Geography
Regional revenue distribution
“Our global team delivered another quarter of record performance. In the third quarter, we reported record sales, adjusted segment operating income and margin, adjusted earnings per share and year-to-date operating cash flow. These results reflect the strength of our focused portfolio and our ability to use the tools in The Win Strategy™ to best serve the needs of our customers. With strong orders and record backlog, we are raising our outlook and now expect mid-teens adjusted EPS growth for the year. Our focus on being great generators and deployers of cash is underscored by our recent decision to raise our quarterly cash dividend by 11%. This extends our track record of increasing our annual dividend payout, which now stands at 70 consecutive fiscal years.”
— Jenny Parmentier, Q3 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% |