Analyst Consensus ?
ConsensusBuy15 ratings
Bullish853.3%
Neutral746.7%
Bearish00.0%
Ingersoll Rand Inc. · IR · FY2026 Q2 · Calendar Q3 2026
Ingersoll Rand raises outlook as orders and aftermarket remain resilient
The Q2 analysis supports a constructive operating trajectory: broad-based demand, aftermarket growth, acquisitions and a raised outlook strengthen the case for continued earnings growth. The key counterpoints are China-related margin pressure and the timing of long-cycle project execution.
Reported After market closeNYSEIndustrials
$28.90B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.86
Consensus $0.83
EPS surprise
+4.0%
Reported versus consensus
Reported revenue
$2.05B
Consensus $1.96B
Revenue surprise
+4.7%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-1.1%
Event window
SPY move
+0.7%
Same window
Abnormal move
-1.8%
Stock minus SPY
Volume
1.6×
Versus trailing sessions
Subsequent drift
-5.8%
Up to 20 sessions
IRSPY benchmark
Ask FN2 about IR FY2026 Q2
Transcript, numbers and history already loaded
Why did IR fall 1.1% after beating EPS estimates in FY2026 Q2?What changed in IR's guidance and outlook in FY2026 Q2?Give me the bull and bear case for IR after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Versus Q1, management moved from reaffirmed full-year guidance to a raised revenue outlook, while reporting stronger Q2 execution, two acquisition developments, and a larger aftermarket contribution. The focus shifted toward converting short- and medium-cycle demand into margin improvement in the second half.
Guidance delta
Management raised full-year revenue guidance and expects adjusted EPS toward the high end of its prior range.
Key takeaways
- Q2 revenue and adjusted EPS exceeded expectations, supporting a full-year guidance increase.
- Aftermarket revenue reached 36% of total revenue, adding portfolio resilience.
- Lone Star Blowers closed and Fai Filtri was signed, with roughly $80 million of annual revenue added.
- China inflation and pricing pressure, plus a one-off incentive cost, weighed on margins.
- Management expects margin improvement in the second half of the year.
Management priorities
- Integrate Lone Star Blowers and Fai Filtri
- Expand on-site nitrogen generation solutions
- Advance bolt-on M&A from the 11-LOI pipeline
- Invest in biopharma and life-science applications
- Pursue infrastructure and AI-driven data-center opportunities
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$73.85Current
$50Low
$77.25Average
$110High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 23, 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 |
|---|---|---|---|---|
| Evercore ISI Group | In Line | In Line | Maintain | Aug 11, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 3, 2026 |
| Stifel | Hold | Hold | Maintain | Jul 20, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jun 3, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Apr 30, 2026 |
| Citigroup | Buy | Buy | Maintain | Apr 30, 2026 |
| Barclays | Overweight | Overweight | Maintain | Apr 30, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Dec 12, 2024 |
| CFRA | Hold | Hold | Maintain | Aug 2, 2024 |
| UBS | Buy | Buy | Maintain | Jan 29, 2024 |
| Deutsche Bank | Hold | Hold | Maintain | Apr 12, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Nov 4, 2022 |
| Jefferies | Buy | Buy | Maintain | Jul 15, 2022 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Apr 6, 2022 |
| Vertical Research | Buy | Hold | Upgrade | Jun 17, 2021 |
Named analyst price targets
Upside is calculated against the persisted current price $73.85. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Christopher Snyder | $87 | $87 | +17.8% | Aug 10, 2026 |
| Stifel Nicolaus | Analyst unavailable | $84 | $82.24 | +13.7% | Jul 20, 2026 |
| Morgan Stanley | Christopher Snyder | $80 | $71.7 | +8.3% | Jun 3, 2026 |
| Evercore ISI | David Raso | $84 | $75.31 | +13.7% | May 11, 2026 |
| Robert W. Baird | Analyst unavailable | $103 | $77.46 | +39.5% | Apr 30, 2026 |
| Barclays | Analyst unavailable | $95 | $77.46 | +28.6% | Apr 30, 2026 |
| Stifel Nicolaus | Analyst unavailable | $90 | $87.69 | +21.9% | Apr 14, 2026 |
| Robert W. Baird | Analyst unavailable | $115 | $98.52 | +55.7% | Feb 17, 2026 |
| Barclays | Analyst unavailable | $111 | $98.52 | +50.3% | Feb 17, 2026 |
| Wells Fargo | Joseph O'Dea | $110 | $98.52 | +49.0% | Feb 17, 2026 |
| Stifel Nicolaus | Nathan Jones | $87 | $87.27 | +17.8% | Jan 23, 2026 |
| Wells Fargo | Joseph O'Dea | $92 | $83.43 | +24.6% | Jan 7, 2026 |
| Stifel Nicolaus | Analyst unavailable | $81 | $79.88 | +9.7% | Dec 16, 2025 |
| Robert W. Baird | Analyst unavailable | $100 | $76.33 | +35.4% | Nov 3, 2025 |
| Stifel Nicolaus | Analyst unavailable | $79 | $77.22 | +7.0% | Oct 20, 2025 |
| Stifel Nicolaus | Analyst unavailable | $78 | $78.6 | +5.6% | Aug 4, 2025 |
| Melius Research | Rob Wertheimer | $93 | $89.02 | +25.9% | Jul 14, 2025 |
| Stifel Nicolaus | Nathan Jones | $77 | $73.37 | +4.3% | Apr 14, 2025 |
| Barclays | Julian Mitchell | $93 | $81.38 | +25.9% | Mar 26, 2025 |
| Barclays | Analyst unavailable | $96 | $85.22 | +30.0% | Mar 10, 2025 |
| Barclays | Julian Mitchell | $115 | $89.16 | +55.7% | Jan 8, 2025 |
| Wells Fargo | Joseph O'Dea | $105 | $89.16 | +42.2% | Jan 7, 2025 |
| Barclays | Julian Mitchell | $105 | $98 | +42.2% | Oct 2, 2024 |
| Morgan Stanley | Chris Snyder | $97 | $87.61 | +31.3% | Sep 6, 2024 |
| Stifel Nicolaus | Nathan Jones | $101 | $87.76 | +36.8% | Aug 2, 2024 |
| Barclays | Julian Mitchell | $101 | $91.23 | +36.8% | Aug 2, 2024 |
| Robert W. Baird | Michael Halloran | $109 | $86.72 | +47.6% | May 6, 2024 |
| Wells Fargo | Analyst unavailable | $60 | $53.22 | -18.8% | Jan 5, 2023 |
| Barclays | Analyst unavailable | $60 | $53.41 | -18.8% | Jan 5, 2023 |
| Jefferies | Stephen Volkmann | $55 | $44.55 | -25.5% | Jul 26, 2022 |
| Deutsche Bank | Analyst unavailable | $50 | $41.04 | -32.3% | Jul 13, 2022 |
| Goldman Sachs | Analyst unavailable | $50 | $41.76 | -32.3% | Jun 23, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $52 | $49.33 | -29.6% | Jun 7, 2022 |
| Credit Suisse | Analyst unavailable | $52 | $43.8 | -29.6% | May 6, 2022 |
| Goldman Sachs | Joe Ritchie | $68 | $57.1 | -7.9% | Nov 4, 2021 |
| Citigroup | Andrew Kaplowitz | $62 | $52.9 | -16.0% | Sep 3, 2021 |
| Vertical Research | Jeffrey Sprague | $54 | $45.95 | -26.9% | Jun 17, 2021 |
| Evercore ISI | David Raso | $53 | $47.09 | -28.2% | May 12, 2021 |
Track every rating change on IR the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationIngersoll Rand Inc., established in 1859 and headquartered in Davidson, North Carolina, delivers essential air, fluid, energy, medical, and specialized vehicle technologies to customers across the United States, Europe, the Middle East, Africa, and the Asia Pacific regions. The company operates through two primary divisions: Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services division is responsible for the design, production, sales, and maintenance of various air and gas compression, vacuum, and blower solutions, alongside fluid handling and loading systems, power tools, and lifting apparatus. This segment also encompasses all related spare parts, consumables, air purification systems, controls, additional accessories, and support services.…
Historical context
All IR earningsIndustrials peers this season
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| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
| DCI Donaldson Company, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1.8% | +2.1% | Donaldson posts record FY26 and targets further growth |
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
Get the IR 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 · 2026-08-04T18:12:53.711374+00:00
- FN2 earnings calendar · 2026-09-04T01:23:15.205020+00:00
- Polygon adjusted daily market bars · 2026-09-23T02:10:58.930211+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-23T02:10:58.927405+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 2026-09-23. For educational purposes only; not investment advice.