United Rentals Q2 revenue beats estimates, lifts 2026 outlook

United Rentals

22/07/2026 21:30

    

    Overview
  
US equipment rental firm's Q2 revenue rose 12%, beating analyst expectations
Adjusted EPS for Q2 beat consensus, driven by higher fleet productivity and asset sale gain
Company raised full-year 2026 revenue and adjusted EBITDA guidance

    

    Outlook
  
United Rentals raises 2026 revenue outlook to $17.5 bln-$17.8 bln from $16.9 bln-$17.4 bln
Company lifts 2026 adjusted EBITDA guidance to $7.975 bln-$8.125 bln from $7.625 bln-$7.875 bln
United Rentals expects continued growth, citing strong customer demand and large project tailwinds

    

    Result Drivers
  
FLEET PRODUCTIVITY - Year-over-year fleet productivity increased 3.4%, supporting higher rental revenue
RENTAL REVENUE GROWTH - Rental revenue rose 12.7% year-over-year to a quarterly record, driven by increases in both general and specialty rentals segments
ASSET SALE GAIN - Net income and adjusted EPS benefited from a $49 mln pre-tax gain on the sale of part of the scaffolding business

    
Company press release: ID:nBw5hkzGja

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Beat
$4.41 bln
$4.22 bln (15 Analysts)
Q2 Adjusted EPS
Beat
$12.76
$11.53 (18 Analysts)
Q2 EPS
 
$12.03
 
Q2 Net Income
 
$753 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for United Rentals Inc is $1,165.00, about 14.9% above its July 21 closing price of $1,013.54
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 15 three months ago

    

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(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.)