Revenue: As of FY2026 Q2, the actual value is USD 9.289 B, beating the estimate of USD 9.015 B.

EPS: As of FY2026 Q2, the actual value is USD 4.15, beating the estimate of USD 4.1277.

EBIT: As of FY2026 Q2, the actual value is USD 2.554 B.

Second-Quarter 2026 Financial Highlights

Net Income

Net income for the second quarter was $1,928 million. Adjusted net income was $2,089 million, representing an 8% increase versus the prior year.

Operating Profit and Margin

Operating profit for the second quarter was $2,554 million. Adjusted operating profit was $2,744 million, an increase of 7% versus the prior year. The adjusted operating profit margin was 29.5%. The operating margin was 60 basis points lower than the previous year.

Cash Flow

Operating cash flow for the second quarter was $2,271 million, up 3% versus the prior year. Capital expenditures totaled $1,438 million. Free cash flow was $833 million.

Shareholder Returns

Linde plc returned $1,590 million to shareholders during the quarter through dividends and stock repurchases, net of issuances.

Other Key Metrics

Return on capital was 23.5%. Project backlog reached $11 billion. The sale of gas backlog increased to a record $8.1 billion.

Second-Quarter 2026 Results by Segment

Americas

Sales were $4,083 million, up 7% versus the prior year. Underlying sales increased 4%. Operating profit was $1,272 million, representing 31.2% of sales, which was 50 basis points below the prior year.

APAC (Asia Pacific)

Sales were $1,870 million, up 13% versus the prior year. Underlying sales increased 8%. Operating profit was $531 million, representing 28.4% of sales, which was 120 basis points below the prior year, or 70 basis points below when excluding the effects of cost pass-through.

EMEA (Europe, Middle East & Africa)

Sales were $2,303 million, up 7% versus the prior year. Underlying sales increased 1%. Operating profit was $823 million, representing 35.7% of sales, which was 40 basis points below the prior year, or 10 basis points higher when excluding the effects of cost pass-through.

Linde Engineering

Sales were $625 million, up 13% versus the prior year. Operating profit was $100 million, or 16.0% of sales. Order intake for the quarter was $871 million. Third-party sale of equipment backlog was $3.0 billion.

Outlook / Guidance

For the third quarter of 2026, Linde plc expects adjusted diluted earnings per share in the range of $4.45 to $4.55, representing 6% to 8% growth versus the prior-year quarter, with no expected impact from foreign currency translation. For the full year 2026, the company anticipates adjusted diluted earnings per share to be in the range of $17.70 to $17.90, an increase of 8% to 9%, assuming a 1% favorable currency impact versus the prior year. Full-year capital expenditures are projected to be between $5.5 billion and $6.0 billion, supporting growth and maintenance requirements, including the $8.1 billion contractual sale of gas project backlog.