Dover (DOV)
NYSE:DOV
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.72Last Year’s EPS
2.44Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: management reported strong, broad‑based bookings (+24% YoY), double‑digit revenue growth in Q1, and an 11% increase in adjusted EPS, with notable outperformance in Climate & Sustainability (15% organic) and Clean Energy (11% organic). The company reaffirmed guidance, has solid cash generation and a plan for >$40M in right‑sizing savings. Key risks highlighted were capacity constraints and longer lead times that may delay revenue conversion, short‑term margin dilution due to consolidation timing, FX and tariff uncertainty, and a challenging M&A multiple environment. Management expects margins to inflect positively in the second half as capacity and consolidation are completed.Company Guidance
Record Bookings and Improved Backlog Visibility
First-quarter bookings totaled $2.5 billion, up 24% year‑over‑year, with trailing 12‑month bookings up 12%. Book‑to‑bill was healthy at ~1.2 (each of the five segments >1), providing improved visibility and confidence in the forecast.
Revenue and EPS Growth
Revenue grew double digits in Q1 (management highlighted broad‑based strength) and adjusted EPS was $2.28, up 11% year‑over‑year. Management reaffirmed full‑year guidance and reiterated a commitment to double‑digit adjusted EPS growth for 2026.
Climate & Sustainability Outperformance
Climate & Sustainability Technologies delivered 15% organic growth in the quarter and is expected to deliver double‑digit organic growth for 2026, driven by brazed plate heat exchangers (notably liquid cooling for data centers) and CO2 refrigeration systems.
Clean Energy & Fueling Momentum
Clean Energy and Fueling grew 11% organically, led by clean energy components, fluid transport and retail fueling. Management highlighted aggressive build‑outs by national retailers in North America and improving trends in Europe, with margin improvement expected from volume leverage and pricing.
AI and Power Infrastructure Revenue Opportunity
Company expects to generate over $1 billion in 2026 revenue tied to applications for artificial intelligence and power generation infrastructure (benefiting connectors, heat exchangers and SIKORA measurement solutions). The SIKORA acquisition is performing ahead of underwriting.
Cash Generation and Capital Deployment
Free cash flow in Q1 was $131 million (6% of revenue), up $22 million versus prior‑year quarter (~+20%). Full‑year free cash flow guidance remains 14%–16% of revenue. Full‑year capex guidance is $190–$210 million, while management continues opportunistic share repurchases and high‑return capacity investments.
Operational Actions and Cost Savings
Management outlined fixed cost reduction and facility consolidation initiatives expected to generate more than $40 million of rightsizing savings in 2026 with incremental carryover benefits into 2027.
Margin Expansion Drivers Identified
Several segments showed margin strength or expansion (Pumps & Process Solutions margins expanded on favorable mix and productivity; Imaging & Identification margins remained strong). Management expects further margin improvement across segments via volume leverage, pricing and productivity, particularly in H2.
DOV Earnings History
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
DOV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $216.17 | $228.15 | +5.54% |
Jan 29, 2026 | $205.53 | $202.07 | -1.68% |
Oct 23, 2025 | $166.76 | $180.30 | +8.12% |
Jul 24, 2025 | $189.39 | $185.15 | -2.24% |
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 Dover (DOV) report earnings?
Dover (DOV) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Dover (DOV) earnings time?
Dover (DOV) earnings time is at Jul 23, 2026, 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 DOV EPS forecast?
DOV EPS forecast for the fiscal quarter 2026 (Q2) is 2.72.