Air Products and Chemicals, Inc. · APD · Next earnings

Air Products and Chemicals, Inc. reports Thursday, Nov 5, 2026

APD reports before market open with consensus EPS at $3.60 and revenue at $3.32B. Last quarter: APD Q2 FY2026: EPS Up 19% to $3.20, Full-Year Guidance Raised

Reports Before market open46 days awayDate estimated Basic Materials

What the street expects

Consensus for the coming report
Consensus EPS $3.60 Calendar consensus
Consensus revenue $3.32B Calendar consensus
Report date Nov 5, 2026 Thursday, date estimated
Session Before market open 46 days away

Where APD left off: FY2026 Q2

Full report

APD Q2 FY2026: EPS Up 19% to $3.20, Full-Year Guidance Raised

EPS surprise +4.6% Reported $3.20 vs $3.06
Revenue surprise +3.3% Reported $3.17B vs $3.07B
Stock move -0.8% Event window
Subsequent drift -7.1% Up to 20 sessions

Full-year EPS guidance raised to $13.00-$13.25 from the prior $12.85-$13.15, implying 8-10% YoY earnings growth. Capex maintained at approximately $4B for FY2026, a $1B reduction.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Ongoing Middle East conflict affecting helium supply and broader market volatility
  • Helium price headwind persisting throughout 2026
  • Macroeconomic uncertainty in Europe and Asia
  • Potential delays or go/no-go outcomes for the Louisiana/Darrow ammonia project
  • Energy cost pass-through affecting margins in the Americas

Questions analysts left open

  • Helium market outlook and duration of the price drag
  • Viability and potential downsizing of the Darrow ammonia project
  • Impact of non-helium pricing trends across regions
  • CBAM implications for the Yara partnership
  • Margin recovery in the Americas amid energy cost pass-through

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Recent APD quarters

All APD earnings
-0.8%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.