DOVER Corp is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Dover Corporation delivered solid Q1 2026 revenue growth of 10.1% YoY to $2.05B, though margin compression and rising SG&A expenses tempered the bottom-line expansion to 3.3% net income growth.
Drawn from management commentary in the Q1 2026 10-Q:
Dover reported Q1 2026 revenue of $2.05B, up 10.1% YoY from $1.87B in Q1 2025, indicating robust demand across its diversified industrial segments. This growth outpaced net income expansion, suggesting revenue mix or cost dynamics at play.
Gross margin declined approximately 110 basis points YoY to 38.9% from 40.0%, while operating margin contracted roughly 100 basis points to 14.9% from 15.9%. The cost of revenue grew faster than revenue (12.0% vs. 10.1%), indicating input cost pressures or an unfavorable product/segment mix shift.
SG&A expenses rose 9.6% YoY to $492.2M, nearly matching the pace of revenue growth and contributing to operating margin pressure. This suggests ongoing investment in sales infrastructure or administrative costs that have not yet been leveraged against the higher revenue base.
Revenue
$2.05B
++10.05% YoY
EPS (Basic)
$1.77
++5.36% YoY
Gross Margin
38.9%
-1.09% YoY
Operating Income
$305.91M
++3.24% YoY
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