PH

Beat

Earnings Call

Aug 6, 2026

Q2 FY2026

EPS Estimate

8.26

EPS Actual

9.27

Post-Earnings Close

$1069.80

Earnings Reaction

+7.3%

Overview

Parker-Hannifin's fiscal second quarter of 2026 was defined by broad-based record-setting across virtually every financial metric the company tracks, with adjusted EPS of $7.65 coming in well ahead of the $8.26 consensus estimate on a reported basis, though the beat reflects the strength of underlying operations rather than one-time items. Sales reached $5.2 billion, up 9% year-over-year, with organic growth of 6.6% and a favorable currency tailwind of roughly 2%. Adjusted segment operating margins expanded 150 basis points to 27.1%, and net income of $980 million represented an 18.9% return on sales. Free cash flow of $1.5 billion in the first half, while seasonally lighter, keeps the company on track for its raised full-year target of approximately $3.5 billion.

Key Themes

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Notable Quotes

“We are confident in the trajectory of the business and the investments we are making across the portfolio, and we expect the momentum we saw this quarter to carry into the back half of the year.”

Chief Executive Officer

“We are confident in the trajectory of the business and the investments we are making across the portfolio, and we expect the momentum we saw this quarter to carry into the back half of the year.”

Report generated on Aug 6, 2026

AI-generated earnings analysis. Not investment advice.

Q&A Summary

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.

PH

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Overview

Q&A Summary