Parker-Hannifin beats Q3 revenue estimates, raises FY sales outlook

Parker-Hannifin

30/04/2026 12:45

Overview

Motion control tech firm's fiscal Q3 sales rose 11%, beating analyst expectations

Adjusted EPS for fiscal Q3 rose 18%, beating analyst expectations

Company raised full-year sales and EPS outlook, repurchased $275 mln of shares

Outlook

Company raises full-year outlook, now sees reported sales growth of 7%

Parker-Hannifin expects full-year adjusted EPS of $31.20

Company forecasts full-year adjusted segment operating margin of 27.2%

Result Drivers

AEROSPACE DEMAND - Record sales in Aerospace Systems segment driven by 22% commercial OEM growth and 14% aftermarket growth

STRONG ORDER RATES - Company reported order rates up 9% overall, with 14% growth in Aerospace and positive growth in all reported businesses

ASIA GROWTH - International segment sales led by Asia with 9.6% organic growth

Company press release: ID:nGNX4VzT1v

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$5.50 bln
$5.40 bln (19 Analysts)
Q3 Adjusted EPS
Beat
$8.17
$7.83 (22 Analysts)
Q3 EPS
$7.06
Q3 Adjusted Net Income
$1.1 bln
Q3 Net Income
$900 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 7 "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 Parker-Hannifin Corp is $1,050.00, about 10.8% above its April 29 closing price of $947.50

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 28 three months ago

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.)