Ingersoll Rand Inc. (IR) Earnings Call Transcripts
Ingersoll Rand Inc.'s Latest Earnings Call - September 10, 2026
Ingersoll Rand Inc. reported a positive outlook for Q3 2026, with management highlighting a resurgence in both short and long cycle orders. Revenue growth is expected to be driven by a mid-single-digit increase in short-cycle orders and a recovery in long-cycle projects, with management expressing optimism about the momentum in these segments. The company maintained its guidance for the fiscal year, with expectations for improved margins in the second half, supported by pricing actions and volume recovery. Q2 revenue figures were not disclosed, but management indicated a healthy trajectory moving forward.
Reported metrics
| Metric | Value |
|---|---|
| Revenue Growth | (positive) |
| Long Cycle Orders | (positive) |
| Margins | 26-27% (positive) |
| Recurring Revenue Target | $1B (positive) |
| China Revenue Contribution | 10% (neutral) |
| M&A Transactions Under LOI | 11 (positive) |
Guidance from management
Management maintained its guidance for the fiscal year, with expectations for improved margins and volume recovery in the second half of 2026. They anticipate a return to a more normalized pricing environment.
What management said
Yes. I mean I think this business, we've historically said the business over the cycle or medium term, wants to play in that 30% to 40% realm with ITS probably lower end of that realm, a PST plays towards the higher end. I think that's the right way to target things over that kind of medium-term spectrum given some of the inputs and factors we've talked about. But as we've said a motor times, the volume piece of that...
What analysts pressed on
Analysts expressed concerns regarding the sustainability of growth in the China market and the potential impact of ongoing cost volatility in materials and transportation. There were also questions about the pace of recovery in long-cycle projects and whether the recent momentum can be maintained.
Main topics on the call
- Short Cycle Orders Growth — Management reported a mid-single-digit increase in short-cycle orders, particularly in North America, which was described as the 'strongest contributor' to this growth. Vikram Kini noted, 'we're very encouraged to now st...
- Long Cycle Orders Recovery — After a prolonged period of decision-making delays, management indicated that long-cycle projects are finally coming to fruition. Kini stated, 'the long-cycle funnel continues to remain active and relatively healthy,' su...
- Margin Improvement Expectations — Management expressed confidence in margin recovery, citing targeted pricing actions and improved volume as key drivers. Kini stated, 'we would expect a healthier margin profile as we exit the back half of this year.'
- China Market Dynamics — Management acknowledged a decline in revenue contribution from China, which has dropped from 15% to 10%. However, they noted 'low double-digit revenue growth in China' in Q2, indicating a potential recovery in this marke...
Read the full Ingersoll Rand Inc. transcript (September 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Ingersoll Rand Inc.
Ingersoll Rand Inc. (IR) is a publicly listed company in the Machinery industry, within the Industrials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 76 calls on record spanning February 18, 2020 to September 10, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 76 Ingersoll Rand Inc. earnings call transcripts on record, spanning February 18, 2020 to September 10, 2026. Based on this history, Ingersoll Rand Inc. reports quarterly. The most recent call on file is dated September 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- IR
- Exchange
- NYSE
- Country
- US
- Sector
- Industrials
- Industry
- Machinery
- Calls on record
- 76
- First call
- February 18, 2020
- Most recent
- September 10, 2026
- Reporting cadence
- quarterly