DD FY2025 Q4 Improving

DuPont de Nemours, Inc. earnings call

Feb 10, 2026 · 08:00 ET Anne Giancristo ForoAntonella FranzenLori Koch earningscall_biz

Buzzberg read

Expects 2026 organic sales growth of about 3% after 2% in 2025.

DuPont reported a strong finish to 2025, with Q4 results ahead of guidance, and provided 2026 guidance in line with its medium-term targets. The company is seeing stabilization in its industrial businesses and continued strength in healthcare and water. Q4 2025 revenue was $1.7B, flat YoY, with adjusted EPS of $0.46 (up 18%). Operating EBITDA margin expanded 80bps to 24.2%.

Buzzberg read Expects 2026 organic sales growth of about 3% after 2% in 2025. DuPont reported a strong finish to 2025, with Q4 results ahead of guidance, and provided 2026 guidance in line with its medium-term targets. The company is seeing stabilization in its industrial businesses and continued strength in healthcare and water. Q4 2025 revenue was $1.7B, flat YoY, with adjusted EPS of $0.46 (up 18%). Operating EBITDA margin expanded 80bps to 24.2%. Read full analysisCollapse analysis

Full-year 2025 organic growth was 2%, with EBITDA up 6% and adjusted EPS up 16% to $1.68.
2026 guidance calls for ~3% organic sales growth, 60-80bps margin expansion, and adjusted EPS of $2.25-$2.30 (up 10-12% pro forma).
Aerospace is a key growth driver for industrial technologies, with orders up low-double-digits.

Revenue$1.693BReported

EPS$0.46Reported

Gross margin31.13%Reported

Operating margin13.41%Reported

6 grounded callouts

What matters now

The highest-signal changes from the call.

Guidance

Expects 2026 organic sales growth of about 3% after 2% in 2025.

Guidance

2026 adjusted EPS guidance of $2.25-$2.30, up 10-12% pro forma.

Demand

Improved order trends signal recovery in industrial technologies.

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Demand

Expects water business to grow mid-single digits in 2026.

Margins

Margins to expand 60-80 bps in 2026 on productivity and cost.

Cash Flow

Expects 2026 free cash flow conversion above 90%.

Reported period

Actuals

Metric	Reported	Change
Revenue	$1.693B	Reported
EPS	$0.46	Reported
Gross margin	31.13%	Reported
Operating margin	13.41%	Reported
Free cash flow	$0.221B	Reported
Capex	$0.15B	Reported

Forward-looking

Forward guidance

Metric	Period	Range	Midpoint	Status
EPS	FY2026	$2.25–$2.30	$2.27	Guided
EPS	FY2026 Q1	$0.48	$0.48	Guided
Free cash flow	FY2026	90%	90%	Guided
Operating margin	FY2026	60%–80%	70%	Guided
Revenue	FY2026	$7.1B	$7.1B	Guided
Revenue	FY2026 Q1	$1.67B	$1.67B	Guided

AI, capex & demand read

Management read

Tone

Confident

Management expressed confidence in execution and future growth, citing strong Q4 results, clear strategic priorities, and positive order trends, while guiding in line with medium-term targets.

Capex

Investment and capacity

Management mentioned investments in labs, operations, and commercial capabilities, including expanding RO capacity at the Edina site for Gen 4 technology, and an asset in China for membrane capacity. Capital allocation remains focused on high-return organic opportunities and M&A.

all 7 named companies below

Companiesreturns since call

Partners

INFO

Partners

DuPont references IHS data to frame demand for its automotive-related products, indicating that growth will be driven by EV penetration rather than overall vehicle volume.

Evidence

“Overall the expectation for auto build from IHS is to be about flat.”

Lori Koch

Supply chain

BA -2.9% AIR +32.1% RTX +10.7%

Supply chain

DuPont sees aerospace as a key growth driver for its industrial technologies segment, with low double-digit order improvements, despite overall softness in other industrial markets. — This indicates aerospace OEMs are actively increasing orders for materials and components, potentially signaling a rebound in production schedules for narrowbody jets.

Evidence

“We're seeing nice, low double-digit improvement in order in aerospace. It's about 3% or 4% of our revenue, so it's in that range.”

Lori Koch

NVDA +12.8% AMAT +64.9% LRCX +39.3%

Supply chain

The headwind of order timing shifts due to 'system cutover activities' during the electronics separation created a temporary distortion in quarterly results. — A one-time IT disruption caused some orders to be pulled forward, implying the underlying demand was slightly stronger than the face value of the reported quarter, a nuance absent from headline numbers.

Evidence

“organic sales consisted of a 1% decrease in volume, which included a $30 million or 2% headwind from order timing shifts into the third quarter from the fourth quarter due to system cutover activities in advance of the electronic”

Antonella Franzen

External signals

Supply-chain alpha · 2returns since call

DuPont sees aerospace as a key growth driver for its industrial technologies segment, with low double-digit order improvements, despite overall softness in other industrial markets.

Lori Koch

BA-2.9%AIR+32.1%RTX+10.7%

The headwind of order timing shifts due to 'system cutover activities' during the electronics separation created a temporary distortion in quarterly results.

Antonella Franzen

NVDA+12.8%AMAT+64.9%LRCX+39.3%

Evidence

“organic sales consisted of a 1% decrease in volume, which included a $30 million or 2% headwind from order timing shifts into the third quarter from the fourth quarter due to system cutover activities in advance of the electronic separatio…”

Methodology & coverage

Management-only analysis. All 7 validated company mentions are shown. Reported actuals and forward guidance are kept separate. Public evidence is limited to eight short attributed quotes. AI-generated analysis can be incomplete or wrong; verify important claims against the original source.