Education
About Us
Working with TipRanks
Follow Us
Linde (LIN)
NASDAQ:LIN
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
4.26Last Year’s EPS
3.95Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented several strong positives — record full-year financials (EPS, operating cash flow, margins), an industry-leading 24.2% ROC, a record $10 billion backlog, meaningful sustainability progress (low-carbon power +23% and ~2M tCO2 avoided), robust capital return ($7B+), and commercial wins (90+ application wins and space launch positioning). Offsetting this were persistent headwinds in traditional industrial end markets, regional softness in EMEA and parts of APAC, helium/rare gas headwinds (~1–2% EPS drag), increased capital intensity pressuring ROC in the near term, and a conservative 2026 EPS guide with restructuring charges booked in Q4. Overall, the positives (record results, backlog, cash generation, sustainability and disciplined capital allocation) modestly outweigh the negatives, though management remains appropriately cautious on macro and timing risk.Company Guidance
Quarterly Sales Growth
Q4 sales of $8.8 billion, up 6% year-over-year and 2% sequentially; foreign exchange provided a ~3% tailwind; underlying sales ex-FX rose ~3% (2% pricing, 1% volumes).
Strong Profitability and EPS
Q4 operating profit of $2.6 billion with a 29.5% margin; Q4 EPS $4.20, up 6% year-over-year; full-year operating margin improved ~30 basis points.
Record Full-Year Financials and Capital Returns
Company achieved annual record levels for EPS, operating cash flow and operating margins; return on capital of 24.2% (industry-leading) and more than $7 billion returned to shareholders in the year (dividends + buybacks).
Strong Cash Flow and Capital Deployment
Operating cash flow exceeded $3 billion in Q4; CapEx increased ~17% year-over-year to support record project backlog; management invested roughly $6 billion for growth while returning $7.4 billion to owners.
Record Project Backlog and Growth Pipeline
Project backlog at a record ~$10 billion (excludes >$0.5 billion invested for rocket propellants); two-thirds of backlog supports contracted clean energy projects; company expects $2.5–3.0 billion of projects to come off backlog/start up in 2026.
Sustainability and Emissions Progress
Active low-carbon power sourcing increased 23%, enabling ~50% of annual power consumption to be low carbon and supporting an ~2 million metric ton reduction in absolute CO2 emissions toward a 35% reduction target by 2035.
Commercial Wins and New Applications
Signed more than 90 new gas application/oxyfuel wins and additional customer wins in electronics and space launch support; Linde supplies an estimated ~65–75% of launches by Linde involvement (189 launches reported last year).
Capital Allocation Discipline and Share Repurchases
Stepped up share repurchases to $1.4 billion in Q4; management emphasizes sustainable repurchase program anchored by consistent excess free cash flow after dividends.
LIN 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
LIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Oct 31, 2025 | $428.33 | $416.76 | -2.70% |
Aug 01, 2025 | $457.11 | $456.27 | -0.18% |
May 01, 2025 | $448.70 | $443.57 | -1.14% |
Feb 06, 2025 | $447.67 | $454.56 | +1.54% |
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 (LIN) report earnings?
Linde (LIN) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Linde (LIN) earnings time?
Linde (LIN) earnings time is at Apr 30, 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 LIN EPS forecast?
LIN EPS forecast for the fiscal quarter 2026 (Q1) is 4.26.