The call presented a strong financial performance with record EPS and cash flow growth. However, concerns about economic conditions, especially in Europe, and specific challenges like helium pricing and base volume declines were noted. Linde remains confident in its pricing power and U.S. market opportunities.

Company Guidance -

Q3 2025

In the second quarter of 2025, Linde reported record-breaking financial results despite a challenging macroeconomic environment. The company achieved an all-time high earnings per share (EPS) of $4.09 and an operating margin of 30.1%. Operating cash flows increased by 15%, with a return on capital (ROC) of 25.1%, leading the industry. The sale of gas project backlog reached $7.1 billion, with a notable turnover rate, having doubled in size over four years. Linde's guidance for the third quarter projects EPS in the range of $4.10 to $4.20, reflecting 4% to 7% growth over the previous year. For the full year, the EPS range is set between $16.30 to $16.50, indicating a 5% to 6% increase. Despite economic uncertainties, Linde remains confident in its growth prospects, driven by disciplined project execution, strategic investments, and opportunistic acquisitions. The company continues to prioritize future growth through its robust project backlog and base CapEx investments, while maintaining strong customer and shareholder value.

Record EPS and Operating Margin

Linde reported an EPS of $4.09 and an operating margin of 30.1%, both representing all-time quarterly highs.

Strong Operating Cash Flow Growth

Operating cash flows grew by 15%, showcasing Linde's financial health and ability to generate cash.

Sale of Gas Project Backlog Growth

The sale of gas project backlog has doubled over the last 4 years to $7.1 billion, with strong turnover and execution.

U.S. Market Confidence

Linde expressed strong confidence in the U.S. market, particularly in the commercial space sector, with significant investments to support future growth.

Positive Pricing Strategy

Linde has maintained positive pricing across regions, aligning with globally weighted inflation despite economic challenges.

Linde (DE:LIN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:LIN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	3.60 / -	3.395	―	―	―
Aug 01, 2025	2025 (Q2)	3.48 / 3.52	3.317	6.23% (+0.21)
May 01, 2025	2025 (Q1)	3.38 / 3.40	3.231	5.33% (+0.17)
Feb 06, 2025	2024 (Q4)	3.39 / 3.42	3.093	10.58% (+0.33)
Oct 31, 2024	2024 (Q3)	3.36 / 3.39	3.128	8.54% (+0.27)
Aug 02, 2024	2024 (Q2)	3.26 / 3.32	3.076	7.84% (+0.24)
May 02, 2024	2024 (Q1)	3.17 / 3.23	2.947	9.65% (+0.28)
Feb 06, 2024	2023 (Q4)	3.00 / 3.09	2.723	13.61% (+0.37)
Oct 26, 2023	2023 (Q3)	3.09 / 3.13	2.671	17.10% (+0.46)
Jul 27, 2023	2023 (Q2)	3.01 / 3.08	2.671	15.16% (+0.40)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:LIN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 01, 2025	€405.40	€396.40	-2.22%
Feb 06, 2025	€432.36	€434.55	+0.51%
Oct 31, 2024	€431.65	€418.77	-2.98%
Aug 02, 2024	€415.19	€403.73	-2.76%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Linde (DE:LIN) report earnings?

Linde (DE:LIN) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Linde (DE:LIN) earnings time?

Linde (DE:LIN) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Linde stock?

The P/E ratio of Linde is N/A.

What is DE:LIN EPS forecast?

DE:LIN EPS forecast for the fiscal quarter 2025 (Q3) is 3.6.

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