Dover Q3 revenue rises 8%, slightly beats estimates
DOV•DOV•DOV•DOV•Dover reported Q3 revenue of $2.23 billion, up 8% and slightly above the $2.22 billion consensus, while adjusted EPS from continuing operations rose 10% to $2.88. It expects 2026 revenue growth of 7% to 8% and adjusted EPS of $10.60 to $10.75.
Dover reported Q3 revenue of $2.23 billion, up 8% and slightly above the $2.22 billion consensus estimate. Adjusted EPS from continuing operations rose 10% to $2.88, while EPS from continuing operations was $2.50. The company repurchased more than $330 million of its shares during the quarter.
Dover expects 2026 GAAP EPS of $8.93 to $9.08, adjusted EPS of $10.60 to $10.75, and revenue growth of 7% to 8%.
Dover said growth was led by markets including artificial intelligence, power generation infrastructure, energy transition, single-use biopharma, semiconductor manufacturing and space launch. Bookings increased across all five segments and outpaced shipments, with a significant portion of backlog scheduled for delivery in 2027, CEO Richard J. Tobin said.
