Quarterly ResultJul 28, 2026, 08:02 AM
Illinois Tool Works Q2 Revenue $4.30B, EPS $2.84; Raises FY26 Guidance
AI Summary
Illinois Tool Works Inc. reported strong second-quarter 2026 results, with revenue increasing 6.1% to $4.30 billion and GAAP EPS rising 10.1% to $2.84. The company achieved its most profitable quarter in history, with operating income of $1.15 billion and an operating margin of 26.7%. Following this performance, ITW raised its full-year 2026 guidance for both GAAP EPS and organic revenue growth, reflecting confidence in its enterprise strategy and operational momentum.
Key Highlights
- Q2 2026 revenue of $4.30 billion, up 6.1% with organic growth of 4.5%.
- Q2 2026 GAAP EPS increased 10.1% to $2.84.
- Q2 2026 operating income grew 7.4% to $1.15 billion, a company record.
- Q2 2026 operating margin expanded 40 bps to 26.7%, with enterprise initiatives contributing 120 bps.
- Q2 2026 free cash flow was $631 million, a 41% increase.
- Full-year 2026 GAAP EPS guidance raised by $0.15 to a new midpoint of $11.45.
- Full-year 2026 organic revenue growth guidance raised by 1.5 percentage points to a new midpoint of 3.5%.
- Returned over $1.2 billion to shareholders in Q2 through dividends and $750 million in share repurchases.
Price Impact
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