Dover Corporation · DOV · Next earnings

Dover Corporation reports Thursday, Oct 22, 2026

DOV reports before market open with consensus EPS at $2.86 and revenue at $2.21B. Last quarter: Dover Raises EPS Guidance but Shares Fall 8% on Revenue Miss and Refrigeration Issues

Reports Before market open32 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $2.86 Calendar consensus
Consensus revenue $2.21B Calendar consensus
Report date Oct 22, 2026 Thursday, date estimated
Session Before market open 32 days away

Where DOV left off: FY2026 Q2

Full report

Dover Raises EPS Guidance but Shares Fall 8% on Revenue Miss and Refrigeration Issues

EPS surprise +0.7% Reported $2.74 vs $2.72
Revenue surprise -0.8% Reported $2.19B vs $2.21B
Stock move -7.8% Event window
Subsequent drift +1.6% Up to 20 sessions

Full-year adjusted EPS guidance was raised, along with the organic growth outlook. Prior-quarter guidance had been maintained with an expectation of reaching the top end of the range; this quarter the raise was explicit, reflecting first-half performance and second-half visibility from the order book. CapEx guidance was maintained at $190 to $210M. Free cash flow guidance of 14 to 16% of revenue was reaffirmed. Management expects H2 profitability to be materially better than H1 as refrigeration throughput improves and remaining facility redundancy costs are eliminated.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Refrigeration throughput issues may persist longer than expected, pressuring revenue and margins into H2.
  • SWEP heat-exchanger capacity ramp carries execution risk as demand outstrips industry supply.
  • Input-cost inflation and tariff or trade uncertainty could pressure margins across the portfolio.
  • Polymer processing volatility could mute Pumps and Process Solutions growth despite early book-to-bill stabilization signals.
  • Extended lead times in high-growth segments risk straining customer relationships if delivery delays continue.

Questions analysts left open

  • Sequential decline in absolute order dollars despite strong book-to-bill, questioned as a potential signal of weaker underlying momentum.
  • Timing and scale of SWEP heat-exchanger capacity ramp and its margin impact as new capacity comes online.
  • Whether H2 refrigeration recovery is realistic given the complexity of the ongoing facility consolidation.
  • Order-to-revenue conversion lag, as strong bookings have not yet translated into accelerated revenue growth.
  • M&A target valuations and whether Dover can execute acquisitions at reasonable prices versus returning capital to shareholders.

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Recent DOV quarters

All DOV earnings
-7.8%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.