Air Products and Chemicals (APD) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $3.47
- Estimate
- $3.34
- Surprise
- +3.8%
- Revenue (period 2026-06-30)
- $3.16B
- Score at report (before → after)
- 5.6 → 5.6/10
Revenue source: xbrl.
How the report landed
Air Products and Chemicals (APD) beat the $3.34 estimate with diluted EPS of $3.47 — a clear 3.8% upside surprise. TrendMatrix's engine moved from Sell (5.6/10) to Hold at 5.6/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates APD Sell at 4.7/10.
4 of the last 4 quarters beat the estimate; this quarter's +3.8% surprise compares with a +3.1% four-quarter average. Next scheduled report: 2026-11-05.
What argues against it
- Concentration risk — Geographic: outside the United States (60.0%)
- Concentration risk — Product: regional industrial gases
- Target reached (1.7% upside)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $304.22
- Price target
- $309.27
- Stop
- $291.52
- Upside to target
- +1.7%
- Reward-to-risk
- 0.3:1
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
APD at TrendMatrix's latest read
Materials producers report against the commodity cycle — realized-price capture and volume, not the EPS line, are the tells in a quarter like this.
- Industry
- Specialty Chemicals
- Market cap
- $68.91B
- P/E (fwd)
- 21.4
- 52-week range
- $229.11–$314.87
- Off 52-week high
- 3.4%
- RSI (14)
- 44
- Volume vs avg
- 0.79×
- Score today
- 4.7/10