The strong organic orders growth (18.2%) and raised guidance signal improving demand across both segments, particularly in long-cycle projects. The $2B buyback authorization and $425M ILC Dover recoveries provide additional capital return flexibility. Monitor the Q4 2026 earnings call for updates on M&A pipeline and margin trajectory excluding IEEPA tariff refunds.
Price Chart
Executive Summary
Ingersoll Rand reported Q3 2026 adjusted EPS of $1.07, beating the $0.90 consensus by 18.9%, and revenue of $2.065B, slightly above the $2.05B consensus. The company raised its full-year 2026 revenue growth guidance to 5.5%-7.0% (from 2.5%-4.5%) and adjusted EPS guidance to $3.58-$3.70 (from $3.45-$3.57), driven by strong organic orders growth of 18.2% and a $2B increase in share repurchase authorization.
Key Financial Metrics
Key Facts
- Q3 2026 adjusted EPS of $1.07, up 24% YoY, vs consensus of $0.90
- Q3 2026 revenue of $2.065B, up 5.6% reported and 3.9% organic, vs consensus of $2.05B
- Total orders of $2,345M, up 20.7% reported and 18.2% organic
- Adjusted EBITDA of $584M, up 7%, with margin of 28.3%
- Free cash flow of $623M, up from $326M in prior year period
- Full-year 2026 revenue growth guidance raised to 5.5%-7.0% from 2.5%-4.5%
- Full-year 2026 adjusted EPS guidance raised to $3.58-$3.70 from $3.45-$3.57
- Board authorized $2B increase to share repurchase program, incremental to $313M remaining
- ILC Dover insurance recoveries of $425.1M, with $162.5M collected in Q3
- ITS segment organic orders up 22.1%, PST segment organic revenue up 5.5%
Financial Impact
EPS beat of 18.9% on consensus of $0.90; revenue beat of ~0.7%; guidance raised meaningfully across revenue, EBITDA, and EPS
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Industrial Technologies and Services | $1.6B | +5.2% |
| Precision and Science Technologies | $444.9M | +7.3% |
Risk Factors
- Adjusted EBITDA margin excluding IEEPA Tariff Refunds was down 120 bps in ITS segment due to inflationary pressures
- Full-year guidance excludes Q3 IEEPA Tariff Refunds, which may not recur
- Goodwill impairment of $229.7M and other intangible impairment of $36.1M recorded in Q3 2026
- Short-term borrowings increased to $700.2M from $1.4M at year-end 2025
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-068260 |
| Document: iri-20261029.htm | 0001628280-26-068260 |
| Document: 0001628280-26-068260-index-headers.html | 0001628280-26-068260 |
| Document: 0001628280-26-068260-index.html | 0001628280-26-068260 |
| Document: 0001628280-26-068260.txt | 0001628280-26-068260 |
| 8-K Data (Synthetic) | 0001628280-26-068260 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 today | 8-K | $75.69 | awaiting T+5 | awaiting T+5 | $80.01 (+5.71%) |
Oct 29, 2026 1d ago | 8-K | $85.52 | awaiting T+5 | awaiting T+5 | $80.01 (−6.44%) |
Oct 27, 2026 3d ago | Institutional Cluster | $75.45 | awaiting T+5 | awaiting T+5 | $80.01 (+6.04%) |
Oct 23, 2026 7d ago | Institutional Cluster | $73.48 $80.05 | ▲ +8.94% | ▲ +9.50% | $80.01 (+8.89%) |
Aug 5, 2026 12w ago | Insider Buy | $88.24 $84.05 | ▼ −4.75% | ▼ −5.96% | $80.01 (−9.33%) |
Jun 16, 2026 19w ago | 8-K | $77.07 $78.32 | ▲ +1.62% | ▲ +2.66% | $80.01 (+3.81%) |
Apr 28, 2026 26w ago | 8-K | $77.45 $78.45 | ▲ +1.29% | ▼ −1.82% | $80.01 (+3.31%) |
Apr 24, 2026 27w ago | DEFA14A | $83.76 $75.51 | ▼ −9.85% | ▼ −10.25% | $80.01 (−4.47%) |
Apr 8, 2026 29w ago | Press Release | $87.04 | awaiting T+5 | awaiting T+5 | $80.01 (−8.07%) |
Feb 28, 2026 34w ago | Institutional Cluster | $93.95 $86.62 | ▼ −7.80% | ▼ −6.59% | $80.01 (−14.83%) |
US Market Status
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