The raised guidance signals strong operational momentum and accelerating rental segment growth, but actual Q3 results remain unreported. Watch for the Q3 earnings call for confirmation of whether the guidance raise is conservative or at risk from macro headwinds.
Price Chart
Executive Summary
EquipmentShare raised its full-year 2026 guidance, increasing midpoint total revenue outlook to ~$5.927B from ~$5.468B (up ~8.4%) and midpoint Rental Segment revenue growth to 43% from 33%. Adjusted Core EBITDA midpoint was raised to ~$2.18B from ~$2.002B (up ~8.9%). The guidance increase reflects strong customer demand and high fleet utilization, but no actual Q3 results were released — those are scheduled for a later earnings call.
Key Facts
- Total revenue guidance raised to $5.808B–$6.045B from prior $5.254B–$5.682B
- Rental Segment revenue guidance raised to $3.823B–$3.979B from $3.472B–$3.748B
- Midpoint Rental Segment revenue growth outlook increased to 43% from 33%
- Adjusted Core EBITDA guidance raised to $2.136B–$2.224B from $1.946B–$2.058B
- Full-service rental locations unchanged at 427–435; mature sites expected to reach 262 by year-end 2026 (up from 186 in 2025)
- CEO stated current footprint supports a long-term Core EBITDA annual run rate of approximately $4 billion
- OWN Program payouts guidance narrowed to $938M–$976M from $929M–$985M
- Gross rental capex unchanged at $2.664B–$2.886B; net rental capex unchanged at $980M–$1.060B
Financial Impact
Total revenue midpoint raised ~$459M (+8.4%); Adjusted Core EBITDA midpoint raised ~$178M (+8.9%); Rental Segment revenue midpoint raised ~$291M (+8.1%)
Risk Factors
- Construction demand could soften if interest rates remain elevated or recession risks materialize
- OWN Program payouts as a percentage of OEC (55-60%) may pressure reported margins if equipment utilization declines
- No GAAP reconciliation provided for forward-looking Adjusted Core EBITDA, limiting comparability
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-066204 |
| Document: eqpt-20261019.htm | 0001628280-26-066204 |
| Document: 0001628280-26-066204-index-headers.html | 0001628280-26-066204 |
| Document: 0001628280-26-066204-index.html | 0001628280-26-066204 |
| Document: 0001628280-26-066204.txt | 0001628280-26-066204 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $16.33 | awaiting T+1 | — | $16.01 (−1.96%) |
Oct 19, 2026 7d ago | 8-K | $13.95 $15.60 | ▲ +11.83% | ▲ +11.49% | $16.01 (+14.77%) |
Sep 16, 2026 5w ago | Insider Buy | $18.37 $18.03 | ▼ −1.85% | ▼ −1.73% | $16.01 (−12.85%) |
Sep 4, 2026 7w ago | Insider Cluster | $19.40 $18.75 | ▼ −3.35% | ▼ −2.89% | $16.01 (−17.47%) |
Sep 1, 2026 7w ago | Insider Cluster | $17.81 $18.14 | ▲ +1.85% | ▲ +0.81% | $16.01 (−10.11%) |
Aug 24, 2026 9w ago | Insider Cluster | $18.47 $18.06 | ▲ +2.22% | ▲ +2.24% | $16.01 (+13.32%) |
Aug 18, 2026 9w ago | Insider Cluster | $19.68 $18.27 | ▲ +7.16% | ▲ +6.32% | $16.01 (+18.65%) |
Aug 18, 2026 9w ago | 144 | $19.68 $18.27 | ▲ +7.16% | ▲ +6.32% | $16.01 (+18.65%) |
Aug 14, 2026 10w ago | 144 | $21.43 $19.54 | ▲ +8.82% | ▲ +8.14% | $16.01 (+25.29%) |
Aug 14, 2026 10w ago | 144 | $21.43 $19.54 | ▼ −8.82% | ▼ −8.14% | $16.01 (−25.29%) |
US Market Status
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