Linde plc (LIN) Earnings Call Transcripts
Linde plc's Latest Earnings Call - Q2 FY2026
In the second quarter of fiscal year 2026, Linde plc reported record sales of $9.3 billion, reflecting a 9% year-over-year increase, and earnings per share (EPS) of $4.50, up 10% from the previous year. The company raised its full-year EPS guidance to a range of $17.70 to $17.90, indicating an 8% to 9% growth, while also noting a $1 billion increase in its project backlog to a record $8.1 billion. Despite these positive metrics, management expressed concerns over declining operating margins, particularly in the Americas segment, which negatively impacted overall performance.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $9.3 billion (beat) |
| EPS | $4.50 (beat) |
| Operating Margin | 29.5% (miss) |
| Backlog | $8.1 billion (positive) |
| Guidance EPS Range | $17.70 to $17.90 (positive) |
| Sales Growth | 9% (positive) |
Guidance from management
Management raised the lower end of its full-year EPS guidance to $17.70, reflecting an 8% to 9% growth, while maintaining the upper end at $17.90. They expect sequential improvement in margins in the third quarter.
What management said
Absolutely, the Electronics pipeline, as I said in my remarks as well, is looking healthy at this point in time. And you certainly heard from me say that I expect that we'll end this year on the backlog with the 8 handle despite bringing on investments of up to $1.3 billion. So we will -- the backlog will go down from the current sale of gas backlog of 8.1%, by about 1.3%, and we will add back into that backlog. So i...
Helium will be normalized next year. I think we'll have to wait and see what that means. The complexity of volume and price mix, I think, will play a role in what Helium does next year. .
What analysts pressed on
Analysts expressed concerns regarding the impact of the U.S. home care business on overall margins and profitability. There were also inquiries about the potential effects of geopolitical tensions on supply chains, particularly regarding helium supply and pricing.
Main topics on the call
- Record Sales and EPS — Linde achieved record sales of $9.3 billion and EPS of $4.50, marking a 9% and 10% increase, respectively, compared to the prior year. Management stated, "we achieved record sales and EPS levels with both growing at near...
- Increased Backlog — The backlog increased by $1 billion to a record $8.1 billion, driven by new wins in the Electronics sector. CEO Sanjiv Lamba noted, "I expect our sale of gas backlog to finish the year with an 8 handle, underscoring the ...
- Margin Concerns — Operating margins declined approximately 30 basis points year-over-year, primarily due to challenges in the U.S. home care business. Lamba mentioned, "we are not satisfied with our margin performance for this quarter."
- Guidance Update — Management raised the lower end of its full-year EPS guidance by $0.10 to a range of $17.70 to $17.90, reflecting an 8% to 9% growth. CFO Matt White stated, "the updated full year range is $17.70 to $17.90 or 8% to 9% gr...
Read the full Linde plc transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Linde plc
Linde plc (LIN) is a publicly listed company in the Chemicals industry, within the Materials sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 35 calls on record spanning February 13, 2020 to July 31, 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 35 Linde plc earnings call transcripts on record, spanning February 13, 2020 to July 31, 2026. Based on this history, Linde plc reports quarterly. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.