ILLINOIS TOOL WORKS INC is expected to release its Q3 2026 10-Q filing on October 22, 2026, before market open. Last quarter: ITW's Q2 FY2026 featured 4.5% organic revenue growth and 40 basis points of operating margin expansion, driven by strong demand in semiconductor and welding markets and sustained execution of its 80/20 Front-to-Back process.
EPS Estimate
$2.99
Revenue Estimate
$4.28B
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the ITW page.
Drawn from management commentary in the Q2 2026 10-Q:
Organic revenue increased 4.5% in Q2, led by Test & Measurement/Electronics and Welding, while product line simplification reduced organic revenue by 60 basis points. Operating margin expanded 40 basis points to 26.7%, with enterprise initiatives contributing 120 basis points, partially offset by higher employee-related expenses and unfavorable price/cost.
Management believes ITW is well positioned to minimize tariff impacts because its businesses generally manufacture in local markets and can recover increased costs through price increases. However, ongoing tariff policies have introduced additional demand uncertainty.
This segment delivered 10.0% organic revenue growth in Q2, driven by higher demand in semiconductor and electronics end markets, particularly in electronics assembly which grew 49.2% organically.
Revenue
$4.3B
+6.12% YoY
EPS (Diluted)
$2.84
+10.08% YoY
Operating Income
$1.15B
+7.40% YoY
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