Dover Corporation: Beat — EPS $2.88, Revenue $2.23B
Earnings BeatQ3 2026 · Pre-market
Did Dover Corporation (DOV) beat earnings today?
Yes, Dover Corporation (DOV) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+1.05% surprise
$2.88Actual
Expected: $2.85
vs. year ago +10.0%
Total Revenue+0.81% surprise
$2.23BActual
Expected: $2.22B
vs. year ago +8.0%
Released Oct 22 · 6:55 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $2.23B | $2.08B | +8.0% |
| Revenue detail — reported lines | |||
| └─Engineered Products | $274.90M | $279.70M | -1.7% |
| └─Clean Energy & Fueling | $606.00M | $541.37M | +11.9% |
| └─Imaging & Identification | $304.67M | $299.10M | +1.9% |
| └─Pumps & Process Solutions | $568.52M | $550.92M | +3.2% |
| └─Climate & Sustainability Technologies | $481.45M | $408.53M | +17.9% |
| GAAP Diluted EPS | $2.50 | $2.20 | +14.0% |
| Adjusted Diluted EPS | $2.88 | $2.62 | +10.0% |
| Net earnings | $333.33M | $302.00M | +10.4% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Guidance |
|---|---|---|
| GAAP EPS | — | $8.93-$9.08 |
| Adjusted EPS | — | $10.60-$10.75 |
| Revenue Growth | — | 7%-8% |
| Organic Growth | — | 5%-6% |
Business Highlights
- ➤Growth was led by artificial intelligence and power generation infrastructure markets.
- ➤Secular-growth demand included energy transition, single-use biopharma, and semiconductor manufacturing.
- ➤Dover cited strength in space launch markets.
- ➤Completed the food retail footprint consolidation amid improving line rates.
- ➤Bookings increased across all five segments and outpaced shipments.
- ➤A significant portion of backlog is scheduled for 2027 delivery.
- ➤Invested in greenfield expansions serving high-growth end markets.
- ➤Continued productivity and footprint optimization projects.
- ➤Announced two bolt-on acquisitions expanding capabilities and strategic manufacturing capacity.
- ➤Repurchased over $330 million of shares during the quarter.
Management Commentary
Richard J. Tobin, President and Chief Executive Officer
“Dover delivered strong results in the third quarter. Top-line growth accelerated, led by our secular growth markets in artificial intelligence and power generation infrastructure, energy transition, single-use biopharma, semiconductor manufacturing, and space launch. This strength was complemented by broad-based performance across the portfolio, including improving line rates in food retail as we completed the footprint consolidation. Order performance was a highlight, consistent with the trend we have seen throughout the year. Bookings increased across all five segments and again outpaced shipments, reinforcing our confidence in the forecast. Notably, a significant portion of our backlog is scheduled for delivery in 2027, giving us a solid foundation heading into next year. We remained active in capital deployment. We continued to invest behind greenfield expansions in high-growth end markets, along with productivity and footprint optimization projects. During the quarter, we announced two bolt-on acquisitions that expand our capabilities in attractive markets and add manufacturing capacity in key strategic locations, and we opportunistically repurchased over $330 million of our shares. Our balance sheet and liquidity position provide significant flexibility to deploy additional capital. We are on track to deliver double-digit adjusted EPS growth in 2026, in line with our long-term algorithm. As we begin planning for 2027, the constructive demand backdrop and our order book, together with carryover benefits from actions taken this year, set the stage for continued value creation for our shareholders.”