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Trane Technologies TT Q2 2026 earnings

Reported July 30, 2026 · Before market open

Revenue$6.4BBeat by $156.4M
Adjusted EPS$4.31Beat by $0.04
Revenue estimate$6.2B
EPS estimate$4.27
“We continue to see heightened demand for our sustainable, energy-efficient solutions, resulting in strong organic revenue growth, exceptional bookings strength, and a record backlog of $12.1 billion. Our Americas Commercial HVAC business delivered a standout performance, with bookings growth of 50 percent and organic revenue growth in the low teens. -more- -2- With continued strength across commercial HVAC and improving residential and transport dynamics, we are carrying solid momentum into the second half of the year. Accordingly, we are raising our full-year revenue and EPS guidance and remain confident in our ability to deliver continued market outperformance and long-term shareholder value.”
Dave Regnery

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Oct 29, 2026 (In 3 weeks)
Revenue estimate$6.5B
EPS estimate$4.74

Financials

Q2 2026

Income statement

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Revenue$6.4B+10.6%
Gross profit$10.4B+384%
Operating income$1.2B+5.2%
Net income$925.7M+5.8%
EPS (diluted)$4.16+6.9%

Balance sheet

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Total debt$4.6B0.0%
Total equity$8.6B+10.4%
Total assets$23.9B+14.0%

Cash flow

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Operating cash flow$1.1B+57.2%
CapEx$76.4M-15.0%
Free cash flow$1.1B+75.4%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$100.98B+7.1%
P/E34.2×+2.1×
P/S4.6×+0.1×

Profitability

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Operating margin17.9%-0.4pp
Net margin13.3%-0.5pp
FCF margin16.2%+2.6pp

Returns & leverage

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Return on equity35.8%-2.9pp
Debt / equity0.5×-0.1×
Current ratio1.1×0.0×

Segments

By geography

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Americas$5.3B+12.3%
EMEA$697.6M-1.5%
Asia Pacific$384.6M+11.1%

FAQ

When did Trane Technologies report Q2 2026 earnings?
Trane Technologies (TT) reported Q2 2026 earnings on July 30, 2026 before market open.
What were Trane Technologies's Q2 2026 revenue and EPS?
Trane Technologies reported revenue of $6.4B and adjusted eps of $4.31 for Q2 2026.
Did Trane Technologies beat estimates in Q2 2026?
Revenue beat the consensus estimate of $6.2B by $156.4M. EPS beat the consensus estimate of $4.27 by $0.04.
How did Trane Technologies's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.6% from $5.7B a year earlier.
Where can I find Trane Technologies's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-050743) and the 10-Q periodic report (0001628280-26-051117) directly on SEC EDGAR. The filing index links above go to sec.gov.