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 $3.61 and revenue at $3.33B. Last quarter: Air Products raises outlook as capex falls and project risks reset

Reports Before market open1 day awayDate estimated Basic Materials

What the street expects

Consensus for the coming report
Consensus EPS $3.61 Calendar consensus
Consensus revenue $3.33B Calendar consensus
Report date Nov 5, 2026 Thursday, date estimated
Session Before market open 1 day away

Where APD left off: FY2026 Q3

Full report

Air Products raises outlook as capex falls and project risks reset

EPS surprise +3.9% Reported $3.47 vs $3.34
Revenue surprise -1.3% Reported $3.16B vs $3.20B
Stock move +2.0% Event window
Subsequent drift +1.8% Up to 20 sessions

Raised full-year earnings-growth guidance while lowering capital-spending guidance.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Helium price volatility and supply constraints.
  • Geopolitical and macroeconomic risks in the Middle East, Europe and Asia.
  • Execution risk in redeploying assets and delivering new industrial-gas projects.

Questions analysts left open

  • Execution and timing of redeploying assets after clean-energy project exits.
  • Whether the Yara agreement fully offsets volume risk for NEOM renewable ammonia.
  • Persistence and regional allocation of helium-market headwinds.

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Recent APD quarters

All APD earnings
+2.0%FY2026 Q3-0.8%FY2026 Q2+6.4%FY2026 Q1+8.9%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

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.