Revenue Growth Driven by Core Rental Demand
URI grew total revenue 7.2% YoY to $3.985B in Q1 FY2026, up from $3.719B in the prior-year period, reflecting continued demand for equipment rental services across its customer base.
UNITED RENTALS, INC. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: URI delivered solid Q1 FY2026 results with revenue growing 7.2% YoY to $3.99B and EPS rising 6.6% to $8.43 diluted, driven by disciplined cost management and strong operating cash flow of $1.51B.
Drawn from management commentary in the Q1 2026 10-Q:
URI grew total revenue 7.2% YoY to $3.985B in Q1 FY2026, up from $3.719B in the prior-year period, reflecting continued demand for equipment rental services across its customer base.
Gross profit increased 8.3% YoY to $1.469B, with gross margin improving approximately 40 basis points to 36.9% from 36.5%, indicating that revenue growth outpaced the 6.5% rise in cost of revenue ($2.516B).
SG&A expense grew only 0.9% YoY to $441M despite a 7.2% revenue increase, demonstrating strong operating leverage and cost discipline that helped lift operating margin to 21.8% from 21.6%.
Revenue
$3.98B
++7.15% YoY
EPS (Basic)
$8.44
++6.57% YoY
Gross Margin
36.9%
++0.40% YoY
Operating Income
$869M
++8.08% YoY
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