Demand
← Earnings Calls
01
02
03
04 05 06
Tone
AI
Capex
A1 A2
IR
FY2026 Q2
Raised
Ingersoll Rand Inc. earnings call
Buzzberg read
July organic orders up low double digits, driven by long-cycle recoveries
Ingersoll Rand reported a solid Q2 2026 with 4% organic revenue growth, despite margin pressure in China. Management raised full-year revenue guidance, pointing to strong July orders and a rebound in long-cycle projects, and maintained EPS guidance with expectations for the high end. Q2 2026 results: organic orders +2%, organic revenue +4%, adjusted EPS $0.86 (+7%).
Buzzberg read July organic orders up low double digits, driven by long-cycle recoveries Ingersoll Rand reported a solid Q2 2026 with 4% organic revenue growth, despite margin pressure in China. Management raised full-year revenue guidance, pointing to strong July orders and a rebound in long-cycle projects, and maintained EPS guidance with expectations for the high end. Q2 2026 results: organic orders +2%, organic revenue +4%, adjusted EPS $0.86 (+7%). Read full analysisCollapse analysis
Ingersoll Rand reported a solid Q2 2026 with 4% organic revenue growth, despite margin pressure in China. Management raised full-year revenue guidance, pointing to strong July orders and a rebound in long-cycle projects, and maintained EPS guidance with expectations for the high end. Q2 2026 results: organic orders +2%, organic revenue +4%, adjusted EPS $0.86 (+7%).
- Raised FY2026 revenue guidance to 4.5%-6.5% growth (from 2.5%-4.5%) due to strong organic volume.
- Maintained FY2026 adjusted EBITDA guidance at $2.13B-$2.19B, with margins expected to improve in H2 due to pricing actions and strong productivity.
- Strong July performance with double-digit organic order growth, including a rebound in long-cycle projects, supports confidence in H2 and 2027 backlog growth.
Revenue$2.0488B+11% QoQ
EPS$0.86+12% QoQ
Gross margin42.1%Reported
Operating margin18.56%Reported
6 grounded callouts
What matters now
The highest-signal changes from the call.
Guidance
Full-year revenue guidance raised 200 bps at midpoint
M&A
M&A pipeline robust with 11 deals under LOI
Show 3 more callouts
Margins
Margins pressured in China, but viewed as transitory
Capital Allocation
Recovery of $187.5M from ILC Dover RWI claim, upside to cash flow
Margins
PST segment shows strong margin expansion and growth
Reported period
Actuals
| Metric | Reported | Change |
|---|---|---|
| Revenue | $2.0488B | +11% QoQ |
| EPS | $0.86 | +12% QoQ |
| Gross margin | 42.1% | Reported |
| Operating margin | 18.56% | Reported |
| Free cash flow | $0.2689B | Reported |
| Capex | $0.027B | Reported |
Forward-looking
Forward guidance
| Metric | Period | Range | Midpoint | Status |
|---|---|---|---|---|
| EPS | FY2026 | $3.45–$3.57 | $3.51 | Maintained |
| Revenue | FY2026 | 4.5%–6.5% | 5.5% | Raised |
AI, capex & demand read
Management read
Confident
Management expressed confidence in demand momentum, raised revenue guidance, highlighted robust M&A pipeline and strong July order growth, indicating an upbeat outlook.
Management AI read
Management mentioned AI indirectly, discussing data center infrastructure investment driving demand for compressors, blowers, and pumps in power generation and water systems, but did not discuss AI-specific products or monetization.
Investment and capacity
No explicit discussion of capital expenditure or capacity investments; management referenced continued investments in new technology and commercial applications, but no specifics on capex direction or magnitude.
External signals
Supply-chain alpha · 2returns since call
IR's Q2 results were impacted by delayed long-cycle orders, but these orders have started to hit in July, with organic order growth in low double digits, driven by energy efficiency and improved customer enthusiasm.
Evidence
“we are seeing better momentum on the long cycle project, yes.”
IR's China margin headwind is temporary, related to overcapacity and challenges in offsetting inflation with price. This is a timing issue, not a structural change in their portfolio strategy.
Evidence
“It is definitely more transient, yes.”
Methodology & coverage
Management-only analysis. All 0 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.