Analyst Consensus ?
ConsensusBuy8 ratings
Bullish562.5%
Neutral337.5%
Bearish00.0%
UL Solutions Inc. · ULS · FY2026 Q1 · Calendar Q2 2026
UL Solutions raises FY2026 margin outlook as Q1 growth broadens
The Q1 analysis supports a constructive operating picture: growth was broad across segments, profitability improved, and management raised its full-year margin outlook. That evidence supports—but does not settle—the case for continued earnings growth; acquisition execution and geopolitical and currency exposures remain material watchpoints.
Reported Before market openNYSEIndustrials
$16.23B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.50
Consensus $0.41
EPS surprise
+21.1%
Reported versus consensus
Reported revenue
$758.0M
Consensus $748.5M
Revenue surprise
+1.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+16.2%
Event window
SPY move
+0.8%
Same window
Abnormal move
+15.4%
Stock minus SPY
Volume
2.2×
Versus trailing sessions
Subsequent drift
-6.4%
Up to 20 sessions
ULSSPY benchmark
Ask FN2 about ULS FY2026 Q1
Transcript, numbers and history already loaded
Why did ULS rise 16.2% after beating EPS estimates in FY2026 Q1?What changed in ULS's guidance and outlook in FY2026 Q1?Give me the bull and bear case for ULS after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Q1 brought reported revenue growth of 7.5% year over year and adjusted EBITDA margin expansion of 320 basis points. Management raised FY2026 adjusted EBITDA margin guidance to 27%. It also announced the pending Eurofins Electrical & Electronics acquisition, while the EHS software divestiture took effect April 1.
Guidance delta
Management raised FY2026 adjusted EBITDA margin guidance to 27%. The prior-quarter analysis cited a 26.5%–27% target range; the current analysis does not provide a revised revenue-growth target.
Key takeaways
- The transcript analysis describes strong organic momentum across Industrial, Consumer, and Software.
- Profitability improved, with adjusted EBITDA up 22% and margin up 320 basis points, according to the analysis.
- The Eurofins E&E acquisition is expected to add about $200 million of revenue, subject to completion.
- Management highlighted new robot- and AI-safety certifications as emerging service areas.
Management priorities
- Complete and integrate the Eurofins E&E acquisition, which is pending regulatory approvals.
- Expand AI and robotics safety certification programs.
- Invest in lab capacity and organic growth while maintaining cost discipline.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$80.4Current
$43Low
$86.69Average
$115High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 4, 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 |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Oct 12, 2026 |
| Baird | Outperform | Outperform | Maintain | Sep 24, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Aug 5, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Aug 5, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | May 7, 2026 |
| B of A Securities | Buy | Buy | Maintain | Feb 20, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Nov 5, 2025 |
| Raymond James | Outperform | Outperform | Maintain | May 7, 2025 |
Named analyst price targets
Upside is calculated against the persisted current price $80.4. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Joshua Chan | $97 | $69.99 | +20.6% | Oct 12, 2026 |
| Robert W. Baird | Analyst unavailable | $85 | $65.38 | +5.7% | Sep 24, 2026 |
| Goldman Sachs | Analyst unavailable | $86 | $78.42 | +7.0% | Aug 5, 2026 |
| Robert W. Baird | Analyst unavailable | $95 | $78.34 | +18.2% | Aug 5, 2026 |
| UBS | Analyst unavailable | $110 | $102.85 | +36.8% | May 6, 2026 |
| Raymond James | Analyst unavailable | $115 | $102.68 | +43.0% | May 6, 2026 |
| Telsey Advisory | Analyst unavailable | $100 | $103.71 | +24.4% | May 6, 2026 |
| BNP Paribas | Analyst unavailable | $95 | $91.72 | +18.2% | Apr 20, 2026 |
| UBS | Joshua Chan | $90 | $81.69 | +11.9% | Feb 20, 2026 |
| Industrial Alliance Securities | Analyst unavailable | $87 | $82.64 | +8.2% | Feb 20, 2026 |
| Robert W. Baird | Andrew Wittmann | $96 | $82.64 | +19.4% | Feb 20, 2026 |
| UBS | Analyst unavailable | $85 | $75 | +5.7% | Jan 20, 2026 |
| Robert W. Baird | Andrew Wittmann | $97 | $77.53 | +20.6% | Dec 17, 2025 |
| UBS | Joshua Chan | $96 | $84.79 | +19.4% | Nov 5, 2025 |
| Goldman Sachs | George Tong | $79 | $85.01 | -1.7% | Nov 5, 2025 |
| UBS | Joshua Chan | $75 | $74.65 | -6.7% | Oct 14, 2025 |
| Raymond James | Brian Gesuale | $72 | $67.33 | -10.4% | May 7, 2025 |
| Goldman Sachs | George Tong | $51 | $50.68 | -36.6% | Nov 6, 2024 |
| Jefferies | Stephanie Moore | $62 | $53.88 | -22.9% | Oct 22, 2024 |
| Goldman Sachs | George Tong | $45 | $50.53 | -44.0% | Jul 31, 2024 |
| Robert W. Baird | Andrew Wittmann | $41 | $38 | -49.0% | May 21, 2024 |
| UBS | Joshua Chan | $40 | $38 | -50.2% | May 21, 2024 |
| Wells Fargo | Jason Haas | $43 | $38 | -46.5% | May 21, 2024 |
| Jefferies | Stephanie Moore | $44 | $38 | -45.3% | May 21, 2024 |
| Jefferies | Stephanie Moore | $42 | $36.07 | -47.8% | May 7, 2024 |
| Robert W. Baird | Andrew Wittmann | $40 | $36.07 | -50.2% | May 7, 2024 |
| UBS | Joshua Chan | $38 | $36.07 | -52.7% | May 7, 2024 |
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Start freeCompany context
Snapshot as of publicationUL Solutions Inc. is a global leader in safety science services. The company's operations are organized into three primary business units: Industrial, Consumer, and Software and Advisory. The Industrial division provides comprehensive testing, inspection, and certification services. These offerings serve a wide range of markets, including energy, industrial automation, engineered materials, and the built environment, supporting various parties such as manufacturers, building owners, end-users, and regulatory authorities. Within the Consumer segment, UL Solutions delivers diverse services, including safety certification testing, ongoing compliance monitoring, and assistance with global market access. It also conducts evaluations for connectivity, performance, and quality, alongside offering critical systems advisory and training. Furthermore, this segment aids clients with product market acceptance and risk mitigation.…
Historical context
All ULS earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| AME AMETEK, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +2.8% | AMETEK raises FY2026 outlook after record Q3 and stronger orders |
| ETN Eaton Corporation plc | FY2026 Q3 · Calendar Q4 2026 | — | +7.0% | Eaton raises 2026 outlook as electrical backlog and data-center orders grow |
| RRX Regal Rexnord Corporation | FY2026 Q3 · Calendar Q4 2026 | +41.1% | +11.8% | Regal Rexnord Raises 2026 Outlook as Plant Execution Remains a Risk |
| TRI Thomson Reuters Corporation | FY2026 Q3 · Calendar Q4 2026 | — | -7.3% | Thomson Reuters lifts FY outlook as AI products support Q3 growth |
Latest beats and misses
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- ADMFY2026 Q3 · November 3, 2026+10.6% EPS-6.8% move
Missed on EPS
- APOFY2026 Q3 · November 3, 2026-5.5% EPS-4.9% move
- FMSFY2026 Q3 · November 3, 2026-1.7% EPS-3.9% move
- PSFY2026 Q3 · November 2, 2026-1.5% EPS+0.1% move
- DOCFY2026 Q3 · November 2, 2026-68.5% EPS+0.4% move
- CRBGFY2026 Q3 · November 2, 2026-0.8% EPS+2.5% move
- VRTXFY2026 Q3 · November 2, 2026-1.2% EPS-1.0% move
Get the ULS 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 · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-04T05:50:46.382925+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-04T05:50:46.379978+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 2026-11-04. For educational purposes only; not investment advice.