IR US S&P 500Russell 1000 Earnings call
Ingersoll Rand (IR) · Q2 2026 results and valuation
Share price: $85.08 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 31 Jul 2026 and 29 Apr 2026
Net income up 33.7% on the previous quarter. Management sounded upbeat, though noticeably less so answering analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+33.7%
Net income vs Q1 2026
Outlook given
Net income 256.8M vs 192.1M
Revenue +10.9%
2 · How management spoke
Upbeat
More upbeat than 75% of company calls
Answers to analysts: restrained, but clearly less so than the script.
Last call it was different: script and answers matched.
3 · What stood out
Figure
Orders finished just over $2 billion, up 5% year-over-year with organic orders up 2%, reflecting the growth in order volume for the quarter.
Valuation
Is Ingersoll Rand undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 8.9% growth a year (3-year revenue growth), the model's fair value is $59.61 a share — the stock trades 43% above it. Today's price assumes 13.2% growth a year.
Current price
$85.08
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+13.2% for 10 yrs
Fair value / share
$59.61
Buy below
$44.71
Price vs fair value
Overvalued 43%
Price vs buy-below price
Overvalued 90%
Read between the lines
-
Guidance
The company expects a Q4 acquisition to add approximately $30 million in annual revenue.
Source quote
“We expect this acquisition to close in Q4 and add approximately $30 million in annual revenue.”
-
Guidance
The company expects a margin ramp in the back half of the year to provide sequential margin expansion.
Source quote
“In terms of the sequential margin expansion we expect to see in the second half of the year, the margin ramp in the back half of the year...”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Management sounded noticeably less positive answering analysts than in its prepared script — a bigger drop than in 84% of calls. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.
Sentences that drove the tone
“Our acquisition pipeline continues to be robust, including 2 new announcements today and remains focused on targeted, bolt-on opportunities that strengthen our core technologies, expand our aftermarket presence and enhance...”
“Beginning on Slide 3, the second quarter and first half overall, reflected continued strong execution and improved demand momentum in our business.”
“During the last year, we were recognized across multiple leading ESG, Workplace and Corporate Citizenship rankings, including joining the 2026 Fortune 500, a milestone that reflects the scale, discipline and...”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 2.05B | 1.85B | +10.9% | 1.89B | +8.5% |
| Gross profit | 862.6M | 792.4M | +8.9% | 824.9M | +4.6% |
| Operating income | 380.3M | 289.7M | +31.3% | 76.4M | +397.8% |
| Net income | 256.8M | 192.1M | +33.7% | -115.3M | Turned profit |
| EPS | 0.66 | 0.49 | +34.7% | -0.29 | Turned profit |
| P/E today 32.5 | 33.9 | 54.1 | −20.2 | 64.5 | −30.6 |
Topics
Most discussed now
- Adjusted EBITDA margin was down 160 basis points year-over-year, with the decline driven primarily by 3 factors: first, inflationary…
- Every main region this quarter delivered positive organic revenue growth, and Ingersoll Rand continues to focus investments towards…
- The higher corporate costs were largely driven by year-to-date true-up of management incentive costs, reflecting incentive compensation…
- Compressor orders increased by low single digits globally.
- New The solution enables faster deployment, simplify commissioning and full life-cycle support, demonstrating Ingersoll Rand's ability to…
Faded since Q1 2026
- Fading Excluding that delay, organic orders would have finished approximately flat year-over-year.
- Fading Ingersoll Rand's acquisition pipeline remains robust, focused on differentiated technology and services that strengthen its portfolio and…
- Fading Conditions remain mixed, but Ingersoll Rand is seeing continued improvement across several end markets and in short cycle activity.
- Fading Ingersoll Rand's Q1 adjusted tax rate was 19.8% and adjusted earnings per share was $0.77 for the quarter, up 7% year-over-year.
Latest announcements
Official filings, newest first.
- Results of operations · SEC 8-K
- Director or officer change; Shareholder vote results · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Director or officer change; Regulation FD disclosure · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Director or officer change; Regulation FD disclosure · SEC 8-K