Illinois Tool Works Inc.: EPS $3.04 vs $2.97 expected; revenue $4.24B vs $4.26B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 3.04 | 2.97 | +2.4% | 2.81 |
| Revenue (USD bn) | 4.24 | 4.26 | −0.5% | 4.06 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 27, 2026 | Q3 FY2026 | 3.04 | 2.97 | +2.4% | 4.24 | 4.26 | −0.5% |
| Jul 28, 2026 | Q2 FY2026 | 2.84 | 2.79 | +1.8% | 4.30 | 4.19 | +2.7% |
| Apr 30, 2026 | Q1 FY2026 | 2.66 | 2.57 | +3.5% | 4.02 | 4.01 | +0.2% |
| Feb 3, 2026 | Q4 FY2025 | 2.72 | 2.69 | +1.1% | 4.09 | 4.06 | +0.7% |
| Oct 24, 2025 | Q3 FY2025 | 2.81 | 2.75 | +2.2% | 4.06 | 4.08 | −0.5% |
| Jul 30, 2025 | Q2 FY2025 | 2.58 | 2.56 | +0.8% | 4.05 | 4.02 | +0.7% |
| Apr 30, 2025 | Q1 FY2025 | 2.38 | 2.34 | +1.7% | 3.84 | 3.84 | −0.1% |
| Feb 5, 2025 | Q4 FY2024 | 2.54 | 2.49 | +2.0% | 3.93 | 3.98 | −1.3% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Illinois Tool Works Inc. results: EPS $3.04 vs $2.97 expected; revenue $4.24B vs $4.26B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 2.4%; revenue below the estimate by 0.5%.
Revenue was up 4.4% from $4.06 billion a year earlier (Q3 FY2025). EPS was up 8.2% from $2.81 a year earlier. On its record, EPS topped analysts' estimates in 7 of 7 earlier comparable reports.
What the results mean
Illinois Tool Works Inc. combines industrial components, specialized equipment, consumables and related services. Reading its results therefore requires understanding the business mix, as demand for automotive components has different drivers from purchases of commercial kitchen equipment or materials testing systems.
The company's operations are tied to industrial customers' production and investment decisions, alongside maintenance and repair needs. Welding, adhesives and operating fluids provide exposure to recurring industrial uses, while specialized equipment is linked to asset purchases and replacement decisions. Distinguishing these drivers helps explain revenue sources and the nature of demand.
What to watch on the earnings call: Watch management's discussion of demand among automotive, commercial kitchen, testing and electronics customers, including differences across businesses. The contribution of equipment, consumables and maintenance services to the business mix also merits attention, along with how operating costs and pricing affect margins.
For the full analysis of Illinois Tool Works Inc. stock — valuation, scores and financial statements — see the stock page linked with this story.