10-Q · April 29, 2026
Ingersoll Rand's Q1 2026 results indicate a solid performance, with revenues of $1,847.2 million and an EPS of $0.77, both exceeding consensus expectations. Despite these positive indicators, the company faced a decline…
Earnings analysis · 10-Q
IR earnings analysis
Filed October 30, 2026 · Our reading of the company's report
The latest report
Ingersoll Rand reported Q3 revenue of $2.065 billion and EPS of $1.07, exceeding consensus estimates of $2.049565 billion and $0.89, respectively. Full-year 2026 adjusted EPS guidance was raised to $3.58-$3.70 from…
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Ingersoll Rand reported Q3 revenue of $2.065 billion and EPS of $1.07, exceeding consensus estimates of $2.049565 billion and $0.89, respectively. Full-year 2026 adjusted EPS guidance was raised to $3.58-$3.70 from $3.45-$3.57. The 10-Q indicates no material changes to market-risk disclosures or risk factors, while the expanded $2.0 billion repurchase authorization creates a meaningful capital-allocation and liquidity consideration.
Reported figures
- Earnings per share
- $1.07
What stood out
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Q3 EPS and Revenue Beat Estimates
Q3 actual EPS was $1.07 versus the $0.89 consensus estimate, a $0.18 or 20.2% beat. Revenue was $2.065 billion versus the $2.049565 billion estimate, a 0.75% beat.
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Full-Year EPS Outlook Raised
Full-year 2026 adjusted EPS guidance increased to $3.58-$3.70 from $3.45-$3.57, representing a $0.13 increase at both the low and high ends.
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Share Repurchase Capacity Expanded
The board authorized a $2.0 billion increase to the share repurchase program on October 29, 2026, in addition to $312.6 million remaining under the existing authorization.
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Revenue and EPS Improved Sequentially
Q3 2026 revenue of $2.065 billion increased from $2.050 billion in Q2 2026 and $1.960 billion in Q3 2025, while EPS rose from $0.66 and $0.61, respectively.
What to watch
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Aggressive Share Repurchases
The company repurchased 4,053,980 shares under the program during Q3 2026, spending at average prices of $88.28 in August and $76.33 in September; additional repurchases could reduce liquidity despite the $312.6 million remaining authorization.
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Foreign-Exchange Exposure
The company states that a stronger U.S. dollar may adversely affect revenue and earnings. As of September 30, 2026, management reported no material change to the market-risk assessment in the 2025 Annual Report.
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Interest-Rate Risk Unchanged
Interest-rate exposure remains tied primarily to fixed-to-floating rate swap contracts. As of September 30, 2026, the company reported no material changes to its previously disclosed market-risk assessment.
Management's outlook
Full-year 2026 adjusted EPS guidance was raised to $3.58-$3.70 from $3.45-$3.57. The filing excerpt does not provide separate quantitative revenue guidance; prior outlook cited 5.5%-7.0% revenue growth versus 2025.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.