$DOV · DOVER Corp
Dover reported Q3 2026 results with revenue of $2.23B (+8% YoY, +7% organic) and GAAP diluted EPS from continuing operations of $2.50 (+14% YoY). Adjusted diluted EPS was $2.88, up 10% from $2.62 a year ago. The company raised full-year 2026 adjusted EPS guidance to $10.60-$10.75 on 7-8% revenue growth (5-6% organic).
- Q3 revenue $2.23B, +8% YoY (+7% organic), with all five segments posting growth
- Q3 adjusted diluted EPS $2.88 vs $2.62, +10% YoY; GAAP diluted EPS $2.50 vs $2.20, +14%
- Bookings increased across all five segments and outpaced shipments; significant backlog scheduled for 2027 delivery
- Repurchased over $330M of shares in Q3; announced two bolt-on acquisitions
- FY2026 guidance: GAAP EPS $8.93-$9.08, adjusted EPS $10.60-$10.75 on 7-8% revenue growth (5-6% organic)
Extended-hours last trade at $198.97, down 0.44% from regular close of $199.84, suggesting mild post-release selling despite the beat-and-raise quarter. Markets closed at filing; regular-session reaction pending.
Dover posted a broad-based beat with all five segments growing, raised full-year guidance, and signaled strong 2027 visibility from an order book that continues to outpace shipments.
Dover's secular growth exposure to AI infrastructure, power generation, biopharma, semiconductors, and space launch drove the 7% organic growth — aligning with industrial peers benefiting from data-center and energy-transition capex cycles.
Forward-looking risks include supply chain constraints, labor shortages, inflation in material input costs and freight logistics, and trade policy/tariff impacts. Climate & Sustainability Technologies segment carries ongoing restructuring costs from footprint consolidation.
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