Robust services growth drives strong 2Q, raising full-year guidance across the board
Second Quarter 2026:- Total orders of $16.5B, +17%;
- Total revenue (GAAP) of $13.3B, +21%; adjusted revenue* $12.6B, +24%;
- Profit (GAAP) of $2.8B, +17%; operating profit* $2.7B, +18%;
- Profit Margin (GAAP) of 21.0%, (70) bps; operating profit margin* 21.7%, (130) bps;
- Continuing EPS (GAAP) of $2.30, +23%; adjusted EPS* $2.02, +22%;
- Cash from operating activities (GAAP) of $3.3B, +39%; free cash flow* $3.0B, +43%
Culp continued, “Given our exceptional year-to-date performance and visibility for the remainder of the year, we are raising our full-year guidance across the board. As we look forward, we remain focused on advancing what matters most for our customers: delivering on our over $210 billion backlog while investing in current and next-generation technology to improve time-on-wing and cost of ownership.”
For the full earnings release, please go here.