Parker-Hannifin Corporation Q4 2026 Earnings Recap

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.