$IR · Ingersoll Rand Inc.
Ingersoll Rand filed its Q3 2026 10-Q, reporting revenue of $2.065B (+5.6% YoY) and net income attributable to IR of $669.9M, up from $244.1M in Q3 2025. The net income surge was largely driven by a $355.3M other operating income gain (vs. a $23.8M expense last year). Diluted EPS was $1.73 vs. $0.61. Nine-month free cash flow reached $1,055.6M, up 39% from $758.6M.
- Q3 net income attributable to IR surged to $669.9M from $244.1M a year ago, driven by a $355.3M other operating income gain.
- Q3 revenue rose 5.6% YoY to $2.065B; organic revenue growth was 5.5% in Precision & Science Technologies.
- Q3 diluted EPS hit $1.73 vs. $0.61 in the prior-year quarter; nine-month diluted EPS reached $2.86 vs. $0.78.
- Q3 operating margin expanded to 37.9% from 19.2% a year ago, boosted by the other operating income swing.
- Free cash flow for the first nine months of 2026 was $1,055.6M, up from $758.6M in the same 2025 period.
Extended-hours trading shows IR at $80.05, essentially flat vs. the regular close. The $31.06B market cap stock had little immediate reaction despite the dramatic net income jump, likely because the $355.3M other operating income gain is a non-recurring item.
A 174% net income jump looks spectacular on the surface, but the $355.3M other operating income swing means investors must strip out non-operational gains to assess true earnings power.
Industrial peers are navigating tariff exposure and uneven end-market demand. IR's 5.6% organic-heavy revenue growth and 350 bps margin expansion in Precision & Science Technologies stand out in the sector.
The filing flags tariff policy uncertainty as a risk, noting changes in U.S. tariff policy or reciprocal tariffs could impact financial results. Foreign currency translation losses of $64.7M over nine months also weigh on comprehensive income.