Dover Q2 revenue rises, but slightly misses estimates

Dover

23/07/2026 12:06

    

    Overview
  
US diversified manufacturer reported Q2 revenue up 7% yr/yr, a slight miss versus analyst expectations
Adjusted EPS for Q2 rose 12% to $2.74
Company raised full-year adjusted EPS guidance, citing strong order book

    

    Outlook
  
Dover raises full-year 2026 adjusted EPS guidance to $10.55-$10.75
Company expects full-year 2026 GAAP EPS of $8.94-$9.14
Dover sees full-year 2026 revenue growth of 6%-8%, with organic growth of 4%-6%

    

    Result Drivers
  
SECULAR GROWTH MARKETS - Co said top-line performance was led by secular-growth-exposed markets, now about 25% of portfolio
BROAD-BASED DEMAND - All five segments delivered positive organic growth, reflecting durable demand across portfolio
OPERATIONAL EXECUTION - Margin performance benefited from operational execution on incremental volumes, offsetting input cost inflation

    
Company press release: ID:nPnbhP1tqa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Slight Miss*
$2.19 bln
$2.21 bln (15 Analysts)
Q2 Adj EPS from cont ops
 
$2.74
 
Q2 EPS from cont ops
 
$2.31
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Dover Corp is $255.00, about 18.9% above its July 22 closing price of $214.53
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

    

    Reuters Recommended Reads
  
July 21 - 3M boosts annual profit forecast driven by resilient industrial unit
July 21 - Danaher Q2 revenue, adjusted EPS beats on life sciences segment strength; raises outlook
July 23 - Honeywell Q2 sales rise on strength in industrial, building automation segments

    
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)