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Illinois Tool Works ITW Q1 2026 earnings

Reported April 30, 2026 · Before market open

Revenue$4.0BBeat by $6.1M
EPS$2.66Beat by $0.09
Revenue estimate$4.0B
EPS estimate$2.57
“ITW delivered a solid start to the year, marked by five percent revenue growth, margin expansion of 60 basis points to 25.4 percent, and a 12 percent increase in GAAP earnings per share to $2.66. Positive demand trends continued in our capex-related segments, led by Welding and Test & Measurement and Electronics, which delivered organic growth of six percent and five percent, respectively, this quarter,”
Christopher A. O’Herlihy

Next report

Oct 23, 2026 (In 2 weeks)
Revenue estimate$4.3B
EPS estimate$2.96

Financials

Q1 2026

Income statement

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Revenue$4.0B+4.6%
Gross profit$1.8B+4.9%
Operating income$1.0B+7.3%
Net income$768.0M+9.7%
EPS (diluted)$2.66+11.8%

Balance sheet

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Cash & equivalents$827.0M-5.3%
Total debt$6.6B-9.3%
Total assets$16.3B+5.1%

Cash flow

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Operating cash flow$623.0M+5.2%
CapEx$95.0M-1.0%
Free cash flow$528.0M+6.5%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$74.98B+3.1%
Enterprise value$80.76B+2.0%
P/E23.9×+2.3×
P/S4.6×0.0×

Profitability

See full
Gross margin44.1%+0.4pp
Operating margin26.4%+0.5pp
Net margin19.3%-2.1pp
FCF margin16.9%-1.2pp

Returns & leverage

See full
Current ratio1.2×-0.4×

Segments

By segment

See full
Automotive OEM$820.0M+4.3%
Test & Measurement and Electronics$715.0M+9.7%
Food Equipment$637.0M+1.6%
Welding$507.0M+7.4%
Construction Products$458.0M+3.4%

FAQ

When did Illinois Tool Works report Q1 2026 earnings?
Illinois Tool Works (ITW) reported Q1 2026 earnings on April 30, 2026 before market open.
What were Illinois Tool Works's Q1 2026 revenue and EPS?
Illinois Tool Works reported revenue of $4.0B and eps of $2.66 for Q1 2026.
Did Illinois Tool Works beat estimates in Q1 2026?
Revenue beat the consensus estimate of $4.0B by $6.1M. EPS beat the consensus estimate of $2.57 by $0.09.
How did Illinois Tool Works's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.6% from $3.8B a year earlier and eps grew 11.8% from $2.38.
Where can I find Illinois Tool Works's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000049826-26-000025) and the 10-Q periodic report (0000049826-26-000028) directly on SEC EDGAR. The filing index links above go to sec.gov.