ParkerHannifin (PH) Q2 2026 Earnings Report

Parker-Hannifin delivered a standout fiscal Q2 2026, setting records across multiple metrics while continuing to execute its Win Strategy and leveraging interconnected motion-and-control technologies. Revenue of $5.174 billion rose 9% year over year (with organic growth of approximately 6.6%), and adjusted segment operating margin expanded by 150 basis points to 27.1%, underpinning a 17% increase in adjusted EPS to $7.65. Net income was reported as $845 million on a GAAP basis, with adjusted net income around $980 million, reflecting the common practice of presenting an adjusted metric for comparability during a period of acquisitions and divestitures. Cash flow from operations reached $862 million for the period, driving free cash flow of $768 million and a year-to-date free-cash-flow-to-sales ratio that remains favorable. Backlog climbed to a record $11.7 billion, underscoring strong demand across the company’s six primary market verticals, including aerospace and off-highway. Orders were up 9% YoY, with aerospace orders up 14% and backlog up meaningfully, highlighting robust service, spares, and aftermarket activity in a higher-volume environment. Management raised full-year organic growth guidance to 4%–6% (midpoint 5%), and increased reported sales guidance to 5.5%–7.5% (midpoint 6.5%), while lifting adjusted EPS guidance to $30.70 for the year. The Filtration Group acquisition was presented as a cornerstone for accelerating growth and profitability, with expected synergies of about $220 million and a target to close within 6–12 months, signaling a material enhancement to Parker’s filtration, life-sciences, HVAC/refrigeration, and related end-market exposure.