The strong beat, raised guidance, and margin target increase are clear positives. Monitor the Q4 order surge (especially +24% in Diversified International) for confirmation of a broad industrial recovery. The stock may re-rate higher on the margin target expansion; watch for execution on the pending Filtration Group and CIRCOR aerospace acquisitions as incremental catalysts.
Price Chart
Executive Summary
Parker-Hannifin reported record Q4 FY2026 results with EPS of $9.27 (adjusted), a 21% YoY increase and a 12.2% beat vs consensus of $8.27. Revenue grew 9.8% to a record $5.8B, with organic growth of 8.0%. The company issued strong FY2027 guidance for adjusted EPS of $34.25-$35.25 and raised its long-term adjusted segment operating margin target by 300bps to 30% by FY2031, signaling confidence in sustained operational improvement and a broadening industrial recovery.
Key Financial Metrics
Key Facts
- Record Q4 FY2026 sales of $5.8B, up 9.8% YoY; organic sales growth of 8.0%
- Record adjusted EPS of $9.27, up 21% YoY and a 12.2% beat vs consensus of $8.27
- Record FY2026 cash flow from operations of $4.4B, or 20.3% of sales
- FY2027 guidance: adjusted EPS $34.25-$35.25, organic sales growth 5.5%-8.5%
- Raised long-term adjusted segment operating margin target by 300bps to 30% by FY2031
- Record backlog of $12.8B; Q4 order rates surged 19% overall (Diversified NA +16%, Intl +24%, Aerospace +18%)
- Returned nearly $2B to shareholders via buybacks and dividends; annual dividend increased 11%
Financial Impact
Record Q4 revenue of $5.755B and adjusted EPS of $9.27, both well above consensus; FY2027 guidance midpoint of $34.75 adjusted EPS implies ~7.6% YoY growth from FY2026's $32.31
Risk Factors
- Execution risk on integrating pending acquisitions (Filtration Group, CIRCOR aerospace)
- Potential for industrial recovery to slow if macro conditions deteriorate
- Currency headwinds and tariff-related uncertainties remain
- FY2027 guidance excludes pending acquisitions, which could add upside or integration risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000076334-26-000082 |
| Document: ph-20260806.htm | 0000076334-26-000082 |
| Document: 0000076334-26-000082-index-headers.html | 0000076334-26-000082 |
| Document: 0000076334-26-000082-index.html | 0000076334-26-000082 |
| Document: 0000076334-26-000082.txt | 0000076334-26-000082 |
| 8-K Data (Synthetic) | 0000076334-26-000082 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 23d ago | 424B5 | $949.47 $935.27 | ▼ −1.50% | ▼ −1.16% | $973.17 (+2.50%) |
Aug 24, 2026 5w ago | S-3ASR | $1,016.31 $952.09 | ▼ −6.32% | ▼ −5.78% | $973.17 (−4.24%) |
Aug 20, 2026 6w ago | Press Release | $1,001.74 $995.02 | ▼ −0.67% | ▼ −1.14% | $973.17 (−2.85%) |
Aug 19, 2026 6w ago | Insider Cluster | $1,023.25 $1,039.49 | ▲ +1.59% | ▲ +1.97% | $973.17 (−4.89%) |
Aug 19, 2026 6w ago | Insider Cluster | $1,023.25 $1,039.49 | ▲ +1.59% | ▲ +1.97% | $973.17 (−4.89%) |
Aug 18, 2026 6w ago | Insider Cluster | $1,023.25 $1,039.49 | ▲ +1.59% | ▲ +1.97% | $973.17 (−4.89%) |
Aug 18, 2026 6w ago | Insider Cluster | $1,023.25 $1,039.49 | ▲ +1.59% | ▲ +1.97% | $973.17 (−4.89%) |
Aug 18, 2026 6w ago | Insider Cluster | $1,023.25 $1,039.49 | ▲ +1.59% | ▲ +1.97% | $973.17 (−4.89%) |
Aug 13, 2026 7w ago | Press Release | $1,058.87 $1,000.13 | ▼ −5.55% | ▼ −3.58% | $973.17 (−8.09%) |
Aug 6, 2026 8w ago | 8-K | $1,069.80 $1,058.87 | ▼ −1.02% | ▼ −2.23% | $973.17 (−9.03%) |
US Market Status
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