Analyst Consensus ?
ConsensusBuy9 ratings
Bullish9100.0%
Neutral00.0%
Bearish00.0%
APi Group Corporation · APG · FY2026 Q1 · Calendar Q2 2026
APi Group raises FY2026 guidance amid strong Q1 growth
The supplied analysis supports a constructive near-term operating picture: APi Group combined strong organic growth, margin expansion, free-cash-flow generation, and raised full-year guidance. The key test is whether Specialty Services and data-center demand can remain durable while the company integrates acquisitions and manages inflation and currency headwinds.
Reported Before market openNYSEIndustrials
$19.16B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.32
Consensus $0.30
EPS surprise
+5.1%
Reported versus consensus
Reported revenue
$1.98B
Consensus $1.92B
Revenue surprise
+3.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-6.0%
Event window
SPY move
+1.0%
Same window
Abnormal move
-7.0%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
-10.3%
Up to 20 sessions
APGSPY benchmark
Ask FN2 about APG FY2026 Q1
Transcript, numbers and history already loaded
Why did APG fall 6.0% after beating EPS estimates in FY2026 Q1?What changed in APG's guidance and outlook in FY2026 Q1?Give me the bull and bear case for APG after FY2026 Q1 earnings.
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Transcript intelligence
What changed
The quarter added a raised FY2026 outlook, a completed CertaSite acquisition, pending Wtech Fire Group and Onyx-Fire transactions, and a new business-systems pilot. Management also indicated that data centers could contribute about 10–11% of total revenue by year-end.
Guidance delta
Management raised FY2026 guidance to $8.475–$8.675 billion of revenue and $1.15–$1.21 billion of adjusted EBITDA, implying a 13.8% EBITDA margin.
Key takeaways
- Q1 revenue grew 15%, including 10% organic growth, while adjusted EBITDA margin expanded by 70 basis points.
- Management highlighted inspection, service and monitoring demand, data-center activity, and disciplined acquisitions as growth drivers.
- Free cash flow was $125 million and net leverage was 1.8x, supporting continued M&A and operational investment.
Management priorities
- Execute the CertaSite, Wtech Fire Group, and Onyx-Fire transactions and continue the bolt-on acquisition program.
- Scale inspection, service and monitoring offerings in data centers and critical infrastructure.
- Roll out new business systems and pursue the 20% EBITDA-per-branch and 10/16/60+ strategic goals.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$44.34Current
$24Low
$49.17Average
$58High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Overweight | Maintain | Oct 30, 2026 |
| Truist Securities | Buy | Buy | Maintain | Oct 30, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 30, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 30, 2026 |
| Barclays | Overweight | Overweight | Maintain | May 7, 2026 |
| UBS | Buy | Buy | Maintain | May 1, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Feb 26, 2026 |
| Baird | Outperform | Outperform | Maintain | May 22, 2025 |
| B of A Securities | Buy | Neutral | Upgrade | Jul 11, 2022 |
Named analyst price targets
Upside is calculated against the persisted current price $44.34. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Jasper Bibb | $58 | $45.02 | +30.8% | Oct 30, 2026 |
| Jefferies | Stephanie Moore | $56 | $45.02 | +26.3% | Oct 30, 2026 |
| Wells Fargo | Analyst unavailable | $53 | $39.84 | +19.5% | Aug 4, 2026 |
| Robert W. Baird | Analyst unavailable | $47 | $39.2 | +6.0% | Jul 31, 2026 |
| UBS | Analyst unavailable | $52 | $39.45 | +17.3% | Jul 20, 2026 |
| Barclays | Analyst unavailable | $54 | $46.32 | +21.8% | May 7, 2026 |
| Robert W. Baird | Andrew Wittmann | $52 | $45.35 | +17.3% | May 1, 2026 |
| Truist Financial | Jasper Bibb | $55 | $45.48 | +24.0% | May 1, 2026 |
| Truist Financial | Analyst unavailable | $50 | $42.03 | +12.8% | Jan 21, 2026 |
| UBS | Joshua Chan | $49 | $42.84 | +10.5% | Jan 15, 2026 |
| Barclays | Analyst unavailable | $44 | $36.82 | -0.8% | Nov 3, 2025 |
| RBC Capital | Ashish Sabadra | $52 | $45.72 | +17.3% | May 22, 2025 |
| Truist Financial | Jasper Bibb | $54 | $45.72 | +21.8% | May 22, 2025 |
| Bank of America Securities | Andrew Obin | $43 | $32.61 | -3.0% | Aug 5, 2024 |
| Jefferies | Stephanie Moore | $50 | $38.58 | +12.8% | Jun 18, 2024 |
| Robert W. Baird | Andrew Wittmann | $43 | $39.28 | -3.0% | Apr 16, 2024 |
| RBC Capital | Ashish Sabadra | $45 | $39.29 | +1.5% | Apr 8, 2024 |
| Jefferies | Stephanie Moore | $48 | $38.05 | +8.3% | Mar 15, 2024 |
| Citigroup | Analyst unavailable | $24 | $18.69 | -45.9% | Dec 9, 2022 |
Track every rating change on APG the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAPi Group Corporation operates as a global enterprise offering vital safety, specialized infrastructure, and industrial services across North America, Europe, Australia, and the Asia-Pacific region. Its business activities are segmented into three primary divisions: Safety Services, Specialty Services, and Industrial Services. The Safety Services division delivers comprehensive safety solutions, with a particular focus on integrated occupancy systems. This encompasses the full lifecycle of services for fire protection, heating, ventilation, and air conditioning (HVAC), and entry systems, from their initial design and installation to ongoing inspection, monitoring, and maintenance. The Specialty Services segment is dedicated to the upkeep and enhancement of critical infrastructure, including subterranean electric, gas, water, sewer, and telecommunications networks, as well as specialized industrial facilities.…
Historical context
All APG earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| GD General Dynamics Corporation | FY2026 Q3 · Calendar Q4 2026 | +9.0% | +0.5% | General Dynamics raises outlook as orders and backlog surge |
| RBC RBC Bearings Incorporated | FY2027 Q2 · Calendar Q4 2026 | +5.9% | -6.8% | RBC Bearings: Strong Q2, capacity investment supports second half |
| CNI Canadian National Railway Company | FY2026 Q3 · Calendar Q4 2026 | +3.4% | -0.3% | CN posts strong Q3, maintains EPS outlook and expands Mexico strategy |
| NVT nVent Electric plc | FY2026 Q3 · Calendar Q4 2026 | +8.6% | -8.8% | nVent raises outlook as data-center demand and Maverick broaden growth |
| MTZ MasTec, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.3% | +0.8% | MasTec posts record Q3 as power and data-center demand accelerates |
| IR Ingersoll Rand Inc. | FY2026 Q3 · Calendar Q4 2026 | +18.5% | +0.2% | Ingersoll Rand raises FY2026 outlook as orders accelerate |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the APG recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-06-02T14:18:04.439940+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-31T22:50:43.657306+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-31T22:50:43.654496+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-31. For educational purposes only; not investment advice.