Linde Reports Q3 2026 Growth Driven by Electronics and Chemicals Demand
Linde plc (LIN) reported strong third-quarter results for 2026, with sales rising 9% to $9.4 billion and adjusted EPS increasing 9% year-over-year to $4.59. The growth was fueled by significant demand in the electronics sector, which saw a 15% revenue increase, and the chemicals and energy segment, which grew by 12%. These gains were supported by both volume increases and strategic pricing actions across major markets including the U.S., China, and India. Despite the top-line growth, the company is navigating headwinds related to its Lincare home care business, which underperformed and necessitated a $425 million restructuring charge. Management is implementing decisive actions to improve Lincare's performance and realigning its reporting structure. While operating margins remained flat when excluding cost pass-throughs, Linde maintains a robust project backlog of $11 billion and continues aggressive capital allocation, returning $1.7 billion to shareholders this quarter.
Tickers: $LIN
Topics: EPS Operating Margin Restructuring Revenue Growth Segment Performance