Air Products Q2 Net Income Hits $710M, Raises FY26 EPS Forecast
APD•Air Products reported fiscal Q2 net income of $710.4 million and adjusted EPS of $3.20, topping estimates, on revenue of $3.17 billion. The company raised its full-year EPS outlook to a range of $13.00–$13.25 and forecast Q3 EPS of $3.25–$3.35.
1. Q2 Results
Air Products delivered net income of $710.4 million in Q2, with adjusted EPS of $3.20 beating consensus estimates of $3.05. Revenue reached $3.17 billion against forecasts of $3.04 billion, marking a strong top- and bottom-line beat.
2. Performance Drivers
Higher on-site gas volumes and favorable foreign exchange rates supported revenue growth, while non-recurring costs remained minimal. The company reversed a year-earlier loss as industrial and medical gas demand improved.
3. Outlook and Stock Reaction
Management raised full-year EPS guidance to $13.00–$13.25 and projected Q3 EPS of $3.25–$3.35, reflecting ongoing volume and pricing strength. Shares have climbed 22% year-to-date, outperforming the S&P 500’s 4% gain.
