Trane Technologies (TT) 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
- Adjusted EPS
- $4.31
- Estimate
- $4.26
- Surprise
- +1.1%
- Revenue (period 2026-06-30)
- $6.35B
- Score at report (before → after)
- 5.4 → 5.4/10
Revenue source: xbrl.
How the report landed
Trane Technologies (TT) beat the $4.26 estimate with adjusted EPS of $4.31 — a modest 1.1% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.4/10) to Hold at 5.4/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates TT Sell at 5.5/10.
4 of the last 4 quarters beat the estimate; this quarter's +1.1% surprise compares with a +2.4% four-quarter average. Next scheduled report: 2026-10-29.
What supports the rating
- Strong earnings beat streak (4/4)
- Wide economic moat
What argues against it
- Thin upside margin: 8.5%
- Sector modifier (Industrials): -0.7
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
- $437.09
- Price target
- $474.29
- Stop
- $417.07
- Upside to target
- +8.5%
- Reward-to-risk
- 1.6:1
The stock trades at 32.6× trailing but 25.0× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-24 — shown for context, not personalized investment advice.
TT at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Building Products & Equipment
- Market cap
- $96.33B
- P/E (fwd)
- 25.0
- P/E (ttm)
- 32.6
- 52-week range
- $348.06–$505.87
- Off 52-week high
- 13.6%
- RSI (14)
- 49
- Volume vs avg
- 0.97×
- Score today
- 5.5/10