Parker-Hannifin Corporation Earnings Recaps
Q4 2026
Aug 8, 2026
Parker-Hannifin’s fiscal Q4 and full-year results beat expectations across growth, margins, and earnings, driving a +7.7% stock reaction as investors responded positively to accelerating organic growth and record margin expansion.
Key takeaways
- Full-year sales reached a record $21.5 billion, surpassing $20 billion for the first time, with organic growth accelerating to 6.6%.
- Adjusted segment operating margin expanded by 120 basis points to a record 27.3%, with Q4 margin hitting 28.0%, the highest ever.
- Adjusted EPS increased 18% to a record $32.31 for the year, driven by 21% EPS growth in Q4; quarterly EPS exceeded $9 for the first time.
- Operating cash flow set a record at $4.4 billion, surpassing $4 billion for the first time.
- The company raised its fiscal 2031 adjusted segment operating margin target to 30%, signaling confidence in continued margin expansion paired with 4%-6% organic growth over the cycle.
Q3 2026
May 1, 2026
Parker-Hannifin shares declined 6.9% following third quarter results, as investors reacted negatively to the company’s updated FY 2026 outlook. Despite record quarterly figures, the cautious tone around full-year guidance appears to have disappointed the market.
Key takeaways
- Third quarter sales reached a record $5.5 billion, with organic growth of 6.5%.
- Adjusted segment operating margin expanded by 40 basis points to 26.7%.
- Adjusted earnings per share increased by 18% year-over-year; year-to-date operating cash flow was $2.6 billion.
- Orders rose 9%, driving backlog to a record $12.5 billion.
- Management highlighted strength in aerospace & defense and increased FY 2026 sales guidance for transportation; however, the overall update to the forward outlook was cautious, contributing to the stock’s notable decline.
Q2 2026
Jan 29, 2026
Parker-Hannifin Corporation reported a record second quarter for fiscal 2026, achieving sales of $5.2 billion and a 17% increase in adjusted earnings per share, driven by strong organic growth and margin expansion.
Key takeaways
- Record Q2 sales of $5.2 billion, reflecting a 9% increase year-over-year with 6.6% organic growth.
- Adjusted segment operating margin expanded by 150 basis points to 27.1%.
- Strong cash flow from operations of $1.6 billion, supporting ongoing strategic investments including the acquisition of Filtration Group Corporation.
- Anticipating $220 million in cost synergies from the Filtration Group acquisition, which is expected to enhance growth and profitability.
- Confidently raising guidance for fiscal 2026, positioning for another record year.