Broad-Based Sales Expansion Across Drivers
Sales for Q2 FY2026 increased 9% year-over-year to $9,289 million (up from $8,495 million in Q2 FY2025). Growth was driven by 2% higher pricing attainment, 2% volume growth (primarily in electronics, manufacturing, and chemicals/energy end markets), 2% favorable foreign currency translation, 1% acquisitions, 1% cost pass-through, and 1% engineering sales growth.
APAC Leads Regional Growth
APAC delivered the strongest regional sales growth, up 13% year-over-year to $1,870 million, driven by 6% volume growth from new project start-ups and equipment sales. Americas sales grew 7% to $4,083 million, EMEA sales increased 7% to $2,303 million, and Engineering sales expanded 13% to $625 million.
Margin Performance and Productivity
Reported operating profit increased 8% year-over-year to $2,554 million with an operating margin of 27.5%. On an adjusted basis, operating profit grew 7% to $2,744 million with a 29.5% margin, as pricing increases and productivity initiatives successfully offset cost inflation.