Ingersoll Rand (IR) Q2 FY2026 earnings: revenue $2.0 billion, up 8.5% on the year

Ingersoll Rand Inc. (IR) reported revenue of $2.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 8.5% on the same quarter a year earlier. Net income was $257 million, and diluted earnings per share $0.66. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue

$2.0 billion

+8.5% on the year · +10.9% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

18.6%

4.0% a year earlier

Q3 FY2024Q2 FY2026

Net income

$257 million

+33.7% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$0.66

+34.7% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 4 raised, 2 lowered, 8 kept.

Orders and revenue both rose: Reported orders reached $2,043 million, up 5%, and revenues $2,049 million, up 9%, against the second quarter of 2025.
Adjusted EBITDA rose 2%: Adjusted EBITDA was $520 million, up 2%, with a margin of 25.4%, compared with a 27.0% margin in the prior-year quarter.
IT&S orders flat organically: Industrial Technologies and Services orders were $1,621 million, up 4% reported and approximately flat organically.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	2,049	1,847	1,888	+10.9%	+8.5%
Cost of revenue	1,186	1,055	1,063	+12.5%	+11.6%
Gross profit	863	792	825	+8.9%	+4.6%
Gross margin	42.1%	42.9%	43.7%
Selling, general and administrative	401	371	371	+8.1%	+8.0%
Operating income	380	290	76.4	+31.3%	+397.8%
Operating margin	18.6%	15.7%	4.0%
Interest expense	63.3	63.8	62.7	-0.8%	+1.0%
Pre-tax income	327	230	28.1	+42.3%	+1,064.1%
Income tax	69.1	36.1	21.0	+91.4%	+229.0%
Effective tax rate	21.1%	15.7%	74.7%
Net income	257	192	-115	+33.7%
Net margin	12.5%	10.4%	-6.1%
Diluted EPS	$0.66	$0.49	-$0.29	+34.7%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	296	200	246	+48.2%	+20.4%
Capital expenditure	27.0	36.3	35.3	-25.6%	-23.5%
Free cash flow	269	163	210	+64.6%	+27.8%
Free cash flow margin	13.1%	8.8%	11.1%
Cash from investing	-136	-84.4	-82.3
Cash from financing	-260	-83.8	-513
Depreciation and amortisation	133	137	120	-3.0%	+10.2%
Share-based compensation	17.8	15.9	16.7	+11.9%	+6.6%
Buybacks	249	89.5	500	+178.5%	-50.2%
Dividends paid	7.9	7.8	8.0	+1.3%	-1.2%
Diluted shares, weighted	392m	394m	400m	-0.5%	-2.1%
Shares outstanding at period end	388m	391m	397m	-0.9%	-2.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	10,177	10,175	10,087	+0.0%	+0.9%
Non-controlling interest	65.7	64.7	70.1	+1.5%	-6.3%
Short-term borrowings	n/a	0.0	0.7
Debt	4,768	4,777	4,781	-0.2%	-0.3%
Other liabilities	3,183	3,201	3,120	-0.6%	+2.0%
Total liabilities and equity	18,194	18,218	18,059	-0.1%	+0.7%
Goodwill	8,542	8,471	8,277	+0.8%	+3.2%
Intangible assets	4,072	4,143	4,335	-1.7%	-6.1%
Cash and equivalents	1,174	1,274	1,311	-7.9%	-10.5%
Receivables	1,515	1,455	1,388	+4.1%	+9.1%
Inventory	1,233	1,236	1,206	-0.3%	+2.3%
Other assets	1,659	1,638	1,544	+1.2%	+7.4%
Total assets	18,194	18,218	18,059	-0.1%	+0.7%

Questions

What was Ingersoll Rand's revenue in Q2 FY2026?

Ingersoll Rand (IR) reported revenue of $2.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 8.5% on the same quarter a year earlier.

How much did Ingersoll Rand earn in Q2 FY2026?

Net income for Q2 FY2026 was $257 million, and diluted earnings per share $0.66.

When did Ingersoll Rand report Q2 FY2026 results?

Ingersoll Rand filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 31 July 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 * †	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,419	1,337	1,440	1,516	1,624	1,629	1,686	1,739	1,821	1,670	1,805	1,861	1,899	1,717	1,888	1,955	2,091	1,847	2,049	2,065
Cost of revenue	909	811	870	940	969	965	989	1,000	1,040	924	1,012	1,046	1,083	951	1,063	1,100	1,200	1,055	1,186	1,141
Gross profit	509	526	570	575	654	664	698	739	781	746	793	815	815	766	825	855	891	792	863	924
Gross margin	36%	39%	40%	38%	40%	41%	41%	43%	43%	45%	44%	44%	43%	45%	44%	44%	43%	43%	42%	45%
SG&A	256	266	276	279	276	311	316	315	331	336	342	334	332	350	371	361	357	371	401	390
Operating income	140	157	197	190	273	240	272	318	333	293	272	356	379	302	76.4	376	390	290	380	782
Operating margin	10%	12%	14%	13%	17%	15%	16%	18%	18%	18%	15%	19%	20%	18%	4%	19%	19%	16%	19%	38%
Interest expense	19.4	19.0	23.2	26.6	34.4	38.9	40.8	39.6	37.4	36.8	50.8	63.8	61.8	61.2	62.7	65.1	64.9	63.8	63.3	62.7
Pre-tax income	125	143	180	173	246	211	239	274	307	270	236	302	325	253	28.1	319	335	230	327	725
Tax rate	-38%	23%	23%	17%	18%	23%	25%	22%	23%	20%	20%	24%	27%	23%	75%	23%	20%	16%	21%	7%
Net income	293	104	138	145	217	161	180	208	230	202	185	222	230	186	-115	244	266	192	257	670
Net margin	21%	8%	10%	10%	13%	10%	11%	12%	13%	12%	10%	12%	12%	11%	-6%	12%	13%	10%	13%	32%
Diluted EPS	$0.70	$0.25	$0.34	$0.36	$0.53	$0.39	$0.44	$0.51	$0.56	$0.50	$0.45	$0.54	$0.57	$0.46	-$0.29	$0.61	$0.67	$0.49	$0.66	$1.73
Operating cash flow	n/a	n/a	n/a	n/a	n/a	170	228	397	581	162	305	404	526	256	246	355	499	200	296	648
Capital expenditure	22.9	17.9	21.4	21.8	33.5	22.4	24.8	28.6	29.6	62.3	21.8	29.7	35.3	33.7	35.3	29.1	37.5	36.3	27.0	24.5
Free cash flow	n/a	n/a	n/a	n/a	n/a	148	204	369	552	99.3	283	374	491	223	210	326	462	163	269	623
Buybacks	0.3	101	153	4.1	3.3	77.0	55.8	0.1	130	72.9	62.6	62.7	62.5	10.0	500	193	315	89.5	249	350
Dividends paid	8.2	8.2	8.0	8.1	8.1	8.1	8.1	8.1	8.1	8.1	8.0	8.1	8.1	8.1	8.0	7.9	7.8	7.8	7.9	7.6
Shares outstanding	408m	406m	403m	405m	405m	405m	404m	405m	403m	403m	403m	403m	403m	403m	397m	395m	391m	391m	388m	384m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 31 July 2026: the filing.