Jun 2026 (Q2 FY26) — Jul 23, 2026
Dover Q2 FY26 — Strong Broad-Based Demand and Double-Digit EPS Growth
Read the full callDover (DOV) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Dover earnings: last reported Thu, 23 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,190 | +6.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 17.9 | +0.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 312 | +11.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
10 of 12 judged targets kept · 19 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year adjusted EPS guidance | $10.45 to $10.65, double-digit growth at midpoint | Dec 2025 | we are raising our full year adjusted EPS guidance. We are committed to delivering double-digit adjusted EPS growth | Revised Up |
| AI and power generation infrastructure revenue | over $1 billion of revenue in 2026 | Mar 2026 | secular growth exposed markets, which now represent approximately 25% of the portfolio | On Track |
2 of DOVER Corp's 31 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 29 more targets are in the full ledger.
Claimed
- All-in revenue grew 7% (5% organically) with all 5 segments posting positive organic growth.
- Adjusted EBITDA margin expanded 80 basis points to 25.9%.
- Adjusted EPS was $2.74 per share, up 12% year-over-year.
- Orders increased 16% year-over-year with book-to-bill at 1.06.
- Year-to-date free cash flow of $320 million (8% of revenue) was up 23% over prior year.
Qualified
- Refrigeration production issues due to facility consolidation and labor ramp-up cost 1 to 1.5 points of consolidated organic growth.
- Polymer Processing had a tough comparable quarter, which muted the segment's top line.
Price
$195.37 −0.22% · −$0.43
Performance +17.3% 1Y
1Y: $166.5 on 17 Oct 2025 → $195.37. High $233.31 (20 Feb 2026), low $166.5 (17 Oct 2025).
- Previous close
- $195.8
- 52-week range
- $167.61 – $233.31
- One year
- +15.66%
Overview
- Symbol
- DOV
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
10 of 12 judged targets kept · 19 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year adjusted EPS guidance | $10.45 to $10.65, double-digit growth at midpoint | Dec 2025 | we are raising our full year adjusted EPS guidance. We are committed to delivering double-digit adjusted EPS growth | Revised Up |
| AI and power generation infrastructure revenue | over $1 billion of revenue in 2026 | Mar 2026 | secular growth exposed markets, which now represent approximately 25% of the portfolio | On Track |
Claimed
- All-in revenue grew 7% (5% organically) with all 5 segments posting positive organic growth.
- Adjusted EBITDA margin expanded 80 basis points to 25.9%.
- Adjusted EPS was $2.74 per share, up 12% year-over-year.
- Orders increased 16% year-over-year with book-to-bill at 1.06.
- Year-to-date free cash flow of $320 million (8% of revenue) was up 23% over prior year.
Qualified
- Refrigeration production issues due to facility consolidation and labor ramp-up cost 1 to 1.5 points of consolidated organic growth.
- Polymer Processing had a tough comparable quarter, which muted the segment's top line.
The full ledger
Open DOVER Corp’s full ledger
A free account opens 5 company ledgers a month. All 31 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 23, 2026
Dover Q1 FY26 — Record $2.5B bookings and double-digit revenue growth reaffirm path to top-end guidance
Read the full callDec 2025 (Q4 FY25) — Jan 29, 2026
Dover Corporation Q4 FY25 — Strong Organic Growth and Double-Digit EPS Expansion
Read the full callEvery analysed call
Dover earnings calls (DOV)
Financials
What the filings say
Net profit, year on year: +12% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,984 | 1,930 | 1,866 | 2,050 | 2,078 | 2,099 | 2,054 | 2,190 |
| Operating profit | 334 | 295 | 296 | 355 | 377 | 345 | 306 | 392 |
| Operating margin | 16.8% | 15.3% | 15.9% | 17.3% | 18.1% | 16.4% | 14.9% | 17.9% |
| Interest | 34 | 28 | 28 | 27 | 27 | 28 | 30 | 29 |
| Profit before tax | 386 | — | — | — | — | — | — | — |
| Tax rate | 19.0% | — | — | — | — | — | — | — |
| Net profit | 347 | 1,436 | 231 | 279 | 302 | 282 | 238 | 312 |
| EPS ($ per share) | 2.53 | — | 1.68 | 2.03 | 2.20 | — | 1.77 | 2.32 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 258 | 259 | 259 | 259 | 260 | 260 | 260 | 260 |
| Reserves | 7,815 | 8,211 | 8,608 | 9,445 | 10,223 | 10,996 | 13,410 | 14,221 |
| Total liabilities | 5,597 | 5,637 | 5,766 | 6,214 | 6,610 | 6,242 | 5,555 | 6,017 |
| Fixed assets | 806 | 842 | 897 | 957 | 1,005 | 978 | 988 | 1,120 |
| Total assets | 8,366 | 8,669 | 9,152 | 10,404 | 10,897 | 11,349 | 12,509 | 13,422 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 789 | 945 | 1,105 | 1,116 | 806 | 1,336 | 1,088 | 1,338 |
| Cash from investing | — | -384 | -481 | -993 | -541 | -727 | — | — |
| Cash from financing | — | -558 | -506 | -250 | -260 | -568 | -1,272 | -625 |
| Net cash flow | — | 1 | 116 | -128 | -5 | 35 | 1,429 | -168 |
| Capital expenditure | -171 | -187 | -166 | -171 | -211 | -183 | -168 | -220 |
| Free cash flow | 618 | 759 | 939 | 944 | 595 | 1,153 | 920 | 1,118 |
DOV revenue by segment
Engineered Products shrank from 15% to 13% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Clean Energy Fueling | 25% | 35% | 26% | 27% | 26% | 26% | 27% | 27% | +8.9% |
| Pumps Process Solutions | 24% | 32% | 26% | 25% | 27% | 28% | 26% | 25% | +6.2% |
| Climate Sustainability Technologies | 22% | 23% | 19% | 20% | 20% | 18% | 20% | 21% | +9.4% |
| Imaging Identification | 14% | 19% | 15% | 14% | 14% | 14% | 14% | 14% | +4.5% |
| Engineered Products | 15% | -10% | 14% | 13% | 13% | 13% | 13% | 13% | +2.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
DOV operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Book-to-bill ratio | 1.02 ratioBook-to-bill was seasonally high for the fourth quarter at 1.02.Source: earnings call transcript | 1.06 ratioOrders increased 16% year-over-year and outpaced shipments with book-to-bill at 1.06, extending strong order momentum of recent quarters and improving our visibility into the second half of the year.Source: earnings call transcript | +3.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- US 56%
- Europe 21%
- Asia 11% ↑ 1 pt
- Americas 8%
- Other Geographical Area 4%
As DOV cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
68 filings between Nov 17, 2025 and Aug 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$20.00M
5 sales by 4 insiders
Compensation
not trading decisions- 21
- Award — granted as compensation
- 6
- Option exercise — converted options into shares
- 31
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 dispositions to the issuer, 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Tobin Richard J | — | $17.92M | Feb 19, 2026 |
| Cabrera Ivonne M | — | $1.43M | Feb 17, 2026 |
| Juneja Girish | — | $346.2K | Feb 11, 2026 |
| Woenker Christopher B. | — | $302.7K | Nov 28, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 1, 2026 | Yehle Jeffrey Senior VP & CHRO | Tax withheld | 173 | $35.4K |
| Mar 13, 2026 | Juneja Girish Senior VP & CDO | Tax withheld | 92 | $18.8K |
| Mar 13, 2026 | Juneja Girish Senior VP & CDO | Tax withheld | 97 | $19.8K |
| Mar 13, 2026 | Cabrera Ivonne M SVP, General Counsel & Secr. | Tax withheld | 175 | $35.7K |
| Mar 13, 2026 | Moran James M VP & Treasurer | Tax withheld | 26 | $5.3K |
| Mar 13, 2026 | Tobin Richard J Chairman, President & CEO | Tax withheld | 1,835 | $374.9K |
| Mar 13, 2026 | Yehle Jeffrey Senior VP & CHRO | Tax withheld | 63 | $12.9K |
| Mar 13, 2026 | Paulson Ryan VP & Controller | Tax withheld | 32 | $6.5K |
| Mar 13, 2026 | Moran James M VP & Treasurer | Tax withheld | 27 | $5.5K |
| Mar 13, 2026 | Woenker Christopher B. Senior VP & CFO | Tax withheld | 97 | $19.8K |
| Mar 13, 2026 | Paulson Ryan VP & Controller | Tax withheld | 37 | $7.6K |
| Mar 13, 2026 | Cabrera Ivonne M SVP, General Counsel & Secr. | Tax withheld | 277 | $56.6K |
| Mar 13, 2026 | Tobin Richard J Chairman, President & CEO | Tax withheld | 1,734 | $354.2K |
| Mar 13, 2026 | Paulson Ryan VP & Controller | Tax withheld | 30 | $6.1K |
| Mar 13, 2026 | Tobin Richard J Chairman, President & CEO | Tax withheld | 1,555 | $317.7K |
| Mar 13, 2026 | Woenker Christopher B. Senior VP & CFO | Tax withheld | 39 | $8.0K |
| Mar 13, 2026 | Cabrera Ivonne M SVP, General Counsel & Secr. | Tax withheld | 183 | $37.4K |
| Mar 13, 2026 | Juneja Girish Senior VP & CDO | Tax withheld | 83 | $17.0K |
| Mar 13, 2026 | Moran James M VP & Treasurer | Tax withheld | 20 | $4.1K |
| Mar 13, 2026 | Woenker Christopher B. Senior VP & CFO | Tax withheld | 43 | $8.8K |
| Feb 19, 2026 | Tobin Richard J Chairman, President & CEO | Sale | 76,997 | $17.92M |
| Feb 19, 2026 | Tobin Richard J Chairman, President & CEO | Option exercise | 210,658 | $0 |
| Feb 19, 2026 | Tobin Richard J Chairman, President & CEO | Tax withheld | 61,239 | $14.21M |
| Feb 19, 2026 | Tobin Richard J Chairman, President & CEO | Disposition to issuer | 72,422 | $16.80M |
| Feb 17, 2026 | Cabrera Ivonne M SVP, General Counsel & Secr. | Sale | 4,000 | $932.9K |
| Feb 13, 2026 | Woenker Christopher B. Senior VP & CFO | Award | 814 | $0 |
| Feb 13, 2026 | Woenker Christopher B. Senior VP & CFO | Award | 1,079 | $0 |
| Feb 13, 2026 | Cabrera Ivonne M SVP, General Counsel & Secr. | Award | 2,714 | $0 |
| Feb 13, 2026 | Cabrera Ivonne M SVP, General Counsel & Secr. | Tax withheld | 1,221 | $282.8K |
| Feb 13, 2026 | Woenker Christopher B. Senior VP & CFO | Tax withheld | 262 | $60.7K |
| Feb 13, 2026 | Paulson Ryan VP & Controller | Tax withheld | 227 | $52.6K |
| Feb 13, 2026 | Juneja Girish Senior VP & CDO | Award | 820 | $0 |
| Feb 13, 2026 | Yehle Jeffrey Senior VP & CHRO | Award | 648 | $0 |
| Feb 13, 2026 | Cabrera Ivonne M SVP, General Counsel & Secr. | Award | 1,727 | $0 |
| Feb 13, 2026 | Tobin Richard J Chairman, President & CEO | Tax withheld | 10,777 | $2.50M |
| Feb 13, 2026 | Tobin Richard J Chairman, President & CEO | Award | 25,788 | $665.02M |
| Feb 13, 2026 | Tobin Richard J Chairman, President & CEO | Award | 10,361 | $0 |
| Feb 13, 2026 | Paulson Ryan VP & Controller | Award | 679 | $0 |
| Feb 13, 2026 | Paulson Ryan VP & Controller | Award | 259 | $0 |
| Feb 13, 2026 | Moran James M VP & Treasurer | Tax withheld | 179 | $41.5K |
| Feb 13, 2026 | Moran James M VP & Treasurer | Award | 610 | $0 |
| Feb 13, 2026 | Moran James M VP & Treasurer | Award | 194 | $0 |
| Feb 13, 2026 | Juneja Girish Senior VP & CDO | Tax withheld | 628 | $145.5K |
| Feb 13, 2026 | Juneja Girish Senior VP & CDO | Award | 2,036 | $0 |
| Feb 11, 2026 | Juneja Girish Senior VP & CDO | Sale | 1,500 | $346.2K |
| Jan 7, 2026 | Moran James M VP & Treasurer | Tax withheld | 875 | $176.5K |
| Jan 7, 2026 | Moran James M VP & Treasurer | Option exercise | 3,728 | $180.0K |
| Jan 7, 2026 | Moran James M VP & Treasurer | Disposition to issuer | 893 | $180.1K |
| Dec 8, 2025 | Tobin Richard J Chairman, President & CEO | Gift | 2,617 | $0 |
| Dec 4, 2025 | Cabrera Ivonne M SVP, General Counsel & Secr. | Sale | 2,630 | $501.8K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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