EquipmentShare Raises 2026 Revenue Guidance, Boosts Rental Growth to 33% and Authorizes $500M Buyback
EQPT•EquipmentShare lifted its 2026 revenue guidance to $5.254B–$5.682B, boosting rental segment revenue growth midpoint from 29% to 33% and raising adjusted core EBITDA to $1.946B–$2.058B. The board also authorized a $500M share repurchase program through December 2028, supported by approximately $2.6B liquidity.
1. Upward 2026 Guidance Revision
EquipmentShare increased its full-year 2026 revenue outlook to a range of $5.254 billion to $5.682 billion, up from $5.147 billion to $5.575 billion. The rental segment revenue growth outlook midpoint rose to 33% from 29%, while adjusted core EBITDA guidance was lifted to $1.946 billion–$2.058 billion, reflecting stronger-than-expected second-quarter performance.
2. $500 Million Share Repurchase Authorization
The board authorized a new share repurchase program allowing up to $500 million of Class A common stock purchases through December 31, 2028. This authorization underscores the company’s disciplined capital allocation strategy and provides flexibility to repurchase shares opportunistically based on market conditions.
3. Strong Liquidity and Capital Allocation Strategy
EquipmentShare expects approximately $2.6 billion of pro forma liquidity at the end of the second quarter, combining cash, cash equivalents and undrawn capacity on its asset-based lending facility plus recent bond proceeds. The company remains committed to maintaining leverage targets while investing in fleet expansion, technology initiatives and strategic growth to reach 700 rental locations and $20 billion of OEC under management by 2030.
