Xylem raises annual revenue forecast on strong water-treatment equipment demand

Xylem

28/04/2026 13:10

April 28 (Reuters) - Xylem XYL.N on Tuesday raised its 2026 revenue forecast, after beating Wall Street estimates for first-quarter results, citing healthy demand for its water-treatment equipment.

Shares of the company were up 1.1% in premarket trading.

"We entered the year with sustained momentum and solid demand across key end markets," Xylem CEO Matthew Pine said, adding "the external environment remains dynamic."

 The water management company raises 2026 revenue forecast to between $9.2 billion and $9.3 billion from between $9.1 billion and $9.2 billion previously. It kept its annual adjusted per-share profit view unchanged at $5.35 to $5.60.

 Xylem's total quarterly revenue rose 3% to $2.12 billion, coming in above analysts' average estimate of $2.11 billion, per LSEG-compiled data.

 Revenue in the company's largest water infrastructure business, rose 4% to $603 million, citing higher orders from the transport industry.

 Xylem's applied water unit, which sells pumps, valves and other equipment, recorded sales growing by 3% to $448 million, with U.S. data centers driving orders growth.

On an adjusted basis, quarterly profit stood at $1.12 per share, beating estimates of $1.08 per share.

 (Reporting by Puyaan Singh in Bengaluru; Editing by Anil D'Silva)

 ((Puyaan.Singh@thomsonreuters.com;))