Jun 2026 (Q2 FY26) — Jul 30, 2026
Terex Q2 FY26 — Strong Performance, Raised Full-Year Guidance
Read the full callTerex (TEX) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Terex earnings: last reported Thu, 30 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 | 2,238 | +50.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 8.4 | −0.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 110 | +52.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
17 of 23 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Aerials segment full-year sales | similar to 2025 (flat) | Dec 2025 | Given ARRIS first half performance, healthy bookings and backlog visibility, we are updating the full year outlook to low double-digit sales growth. | Revised Up |
| Full-year effective tax rate | 21% | Dec 2025 | The effective tax rate for the full year is still expected to be 21% despite favorability in the first half of the year. | On Track |
6 of TEREX CORP's 39 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 37 more targets are in the full ledger.
Claimed
- Consolidated revenue increased 8.5% year-over-year on a pro forma basis to $2.24 billion.
- Adjusted EBITDA grew 10.7% year-over-year on a pro forma basis to $269 million, with margin expanding to 12%.
- Consolidated bookings increased 25% year-over-year on a pro forma basis to $2 billion.
- Specialty Vehicles delivered record earnings performance, with adjusted EBITDA margin improving 210 basis points to 14.5%.
- Materials Processing adjusted EBITDA margin expanded 440 basis points to 18.8%.
Qualified
- Environmental Solutions adjusted EBITDA margin decreased 250 basis points year-over-year to 17.5% due to unfavorable mix and production inefficiencies.
- Aerials adjusted EBITDA margin was down 340 basis points year-over-year to 5.7% due to higher tariff impact.
- Temporary softness in demand for refuse collection vehicles within Environmental Solutions, leading to a revised H2 segment revenue outlook of low single-digit growth.
Price
$50.76 −0.45% · −$0.23
Performance −4.2% 1Y
1Y: $53.01 on 17 Oct 2025 → $50.76. High $74.58 (25 Jun 2026), low $41.78 (20 Nov 2025).
- Previous close
- $50.99
- 52-week range
- $41.78 – $74.58
- One year
- −7.89%
Overview
- Symbol
- TEX
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
17 of 23 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Aerials segment full-year sales | similar to 2025 (flat) | Dec 2025 | Given ARRIS first half performance, healthy bookings and backlog visibility, we are updating the full year outlook to low double-digit sales growth. | Revised Up |
| Full-year effective tax rate | 21% | Dec 2025 | The effective tax rate for the full year is still expected to be 21% despite favorability in the first half of the year. | On Track |
Claimed
- Consolidated revenue increased 8.5% year-over-year on a pro forma basis to $2.24 billion.
- Adjusted EBITDA grew 10.7% year-over-year on a pro forma basis to $269 million, with margin expanding to 12%.
- Consolidated bookings increased 25% year-over-year on a pro forma basis to $2 billion.
- Specialty Vehicles delivered record earnings performance, with adjusted EBITDA margin improving 210 basis points to 14.5%.
- Materials Processing adjusted EBITDA margin expanded 440 basis points to 18.8%.
Qualified
- Environmental Solutions adjusted EBITDA margin decreased 250 basis points year-over-year to 17.5% due to unfavorable mix and production inefficiencies.
- Aerials adjusted EBITDA margin was down 340 basis points year-over-year to 5.7% due to higher tariff impact.
- Temporary softness in demand for refuse collection vehicles within Environmental Solutions, leading to a revised H2 segment revenue outlook of low single-digit growth.
The full ledger
Open TEREX CORP’s full ledger
A free account opens 5 company ledgers a month. All 39 tracked commitments, with each call’s wording and source.
Call summaries
Every analysed call
Terex earnings calls (TEX)
Financials
What the filings say
Net profit, year on year: +53% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,212 | 1,241 | 1,229 | 1,487 | 1,387 | 1,318 | 1,734 | 2,238 |
| Operating profit | 122 | 53 | 69 | 129 | 140 | 137 | -82 | 187 |
| Operating margin | 10.1% | 4.2% | 5.6% | 8.7% | 10.1% | 10.4% | −4.7% | 8.4% |
| Interest | 13 | 46 | 43 | 44 | 45 | 45 | 47 | 50 |
| Profit before tax | 99 | -2 | 26 | 89 | 94 | 83 | -126 | 139 |
| Tax rate | 11.1% | −62.5% | 19.2% | 19.1% | 30.9% | 24.1% | 26.2% | 20.9% |
| Net profit | 88 | -2 | 21 | 72 | 65 | 63 | -89 | 110 |
| EPS ($ per share) | 1.32 | — | 0.32 | 1.10 | 0.99 | — | -0.93 | 0.97 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 749 | 771 | 750 | 937 | 1,201 | 1,675 | 1,964 | 2,139 |
| Total liabilities | 2,625 | 2,263 | 2,110 | 1,754 | 1,937 | 1,943 | 3,898 | 4,044 |
| Fixed assets | 317 | 389 | 407 | 430 | 466 | 570 | 714 | 760 |
| Total assets | 3,486 | 3,196 | 3,032 | 2,864 | 3,118 | 3,615 | 5,730 | 6,139 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 94 | 173 | 225 | 293 | 261 | 459 | 326 | 440 |
| Cash from investing | -86 | 104 | -38 | -102 | -154 | -114 | -2,127 | 32 |
| Cash from financing | -245 | -104 | -83 | -580 | -55 | -288 | 1,837 | -123 |
| Net cash flow | -258 | 168 | 130 | -403 | 37 | 67 | 17 | 384 |
| Capital expenditure | -91 | -105 | -64 | -60 | -110 | -127 | -137 | -118 |
| Free cash flow | 3 | 68 | 161 | 234 | 151 | 332 | 189 | 322 |
TEX revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Aerials | — | — | 37% | 41% | 39% | 35% | 27% | 30% | +10.9% |
| Specialty Vehicles | — | — | — | — | — | — | 25% | 29% | — |
| Materials Processing | — | — | 31% | 31% | 30% | — | 24% | 21% | +2.2% |
| Environmental Solutions | — | — | 32% | 29% | 31% | 32% | 24% | 20% | +6.0% |
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
Revenue by region
Q2 FY2026 · share of revenue
- North America 83% ↑ 16 pt
- US 77% ↑ 16 pt
- Western Europe 9% ↓ 7 pt
- Asia Pacific 5% ↓ 5 pt
- Other Geographic Areas 3% ↓ 4 pt
As TEX cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
113 filings between Oct 20, 2025 and Oct 8, 2026.
Open market
decisions to buy or sellPurchases
$98.8K
1 purchase by 1 insider
Sales
$2.43M
6 sales by 4 insiders
Compensation
not trading decisions- 78
- Award — granted as compensation
- 19
- Tax withheld — shares kept back by the company to cover tax
Also filed: 8 dispositions to the issuer, 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Virnig Michael Edward | — | $1.10M | Feb 12, 2026 |
| Hegarty Kieran | — | $829.5K | Feb 17, 2026 |
| Gross Joshua | — | $361.4K | May 4, 2026 |
| JOHNSTON STEPHEN | — | $142.9K | Jun 23, 2026 |
| RUSH ANDRA | $98.8K | — | Oct 31, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 8, 2026 | CARROLL PATRICK S Pres., Environmental Solutions | Award | 45 | $2.4K |
| Oct 8, 2026 | KONG-PICARELLO JENNIFER Senior Vice President, CFO | Award | 25 | $1.3K |
| Sep 3, 2026 | CARROLL PATRICK S Pres., Environmental Solutions | Award | 39 | $2.4K |
| Sep 3, 2026 | KONG-PICARELLO JENNIFER Senior Vice President, CFO | Award | 21 | $1.3K |
| Aug 5, 2026 | CARROLL PATRICK S Pres., Environmental Solutions | Award | 36 | $2.4K |
| Aug 5, 2026 | KONG-PICARELLO JENNIFER Senior Vice President, CFO | Award | 20 | $1.3K |
| Jul 10, 2026 | Jindal Namita SVP CHIEF DIGITAL & AI OFFICER | Award | 261 | $17.7K |
| Jul 10, 2026 | KONG-PICARELLO JENNIFER Senior Vice President, CFO | Award | 20 | $1.3K |
| Jul 10, 2026 | CARROLL PATRICK S Pres., Environmental Solutions | Award | 36 | $2.4K |
| Jun 26, 2026 | Padmanabhan Srikanth Director | Award | 3,760 | $270.0K |
| Jun 26, 2026 | SACHS DAVID A Director | Award | 3,760 | $270.0K |
| Jun 26, 2026 | Steele Kathleen M. Director | Award | 3,760 | $270.0K |
| Jun 26, 2026 | O'CONNOR SANDRA Director | Award | 3,760 | $270.0K |
| Jun 26, 2026 | DAUCH DAVID C Director | Award | 1,467 | $105.3K |
| Jun 26, 2026 | Salami Oluseun Director | Award | 3,760 | $270.0K |
| Jun 26, 2026 | CHOLMONDELEY PAULA H Insider | Award | 1,128 | $81.0K |
| Jun 26, 2026 | OCONNELL MAUREEN Director | Award | 1,880 | $135.0K |
| Jun 23, 2026 | JOHNSTON STEPHEN Former VP CAO and Controller | Sale | 375 | $26.2K |
| Jun 23, 2026 | JOHNSTON STEPHEN Former VP CAO and Controller | Sale | 1,327 | $92.8K |
| Jun 4, 2026 | JOHNSTON STEPHEN Former VP CAO and Controller | Sale | 379 | $23.9K |
| Jun 4, 2026 | KONG-PICARELLO JENNIFER Senior Vice President, CFO | Award | 31 | $2.0K |
| Jun 4, 2026 | CARROLL PATRICK S Pres., Environmental Solutions | Award | 56 | $3.5K |
| May 13, 2026 | JOHNSTON STEPHEN Former VP CAO and Controller | Tax withheld | 1,799 | $113.0K |
| May 7, 2026 | KONG-PICARELLO JENNIFER Senior Vice President, CFO | Award | 20 | $1.3K |
| May 7, 2026 | CARROLL PATRICK S Pres., Environmental Solutions | Award | 37 | $2.3K |
| May 4, 2026 | Gross Joshua President - Aerials | Sale | 5,874 | $361.4K |
| Apr 7, 2026 | KONG-PICARELLO JENNIFER Senior Vice President, CFO | Award | 21 | $1.2K |
| Apr 7, 2026 | CARROLL PATRICK S Pres., Environmental Solutions | Award | 39 | $2.3K |
| Apr 7, 2026 | Jindal Namita SVP CHIEF AI & DATA OFFICER | Award | 187 | $11.0K |
| Mar 20, 2026 | Gross Joshua President - Aerials | Tax withheld | 9 | $529 |
| Mar 20, 2026 | MEESTER SIMON President and CEO | Tax withheld | 49 | $2.9K |
| Mar 20, 2026 | JOHNSTON STEPHEN Former VP CAO and Controller | Tax withheld | 8 | $470 |
| Mar 20, 2026 | POSNER SCOTT Senior V.P., Gen Counsel Sec. | Tax withheld | 26 | $1.5K |
| Mar 20, 2026 | GEORGE AMY Senior V.P. Human Resources | Tax withheld | 14 | $822 |
| Mar 20, 2026 | Hegarty Kieran President, Materials Processin | Tax withheld | 33 | $1.9K |
| Mar 20, 2026 | KONG-PICARELLO JENNIFER Senior Vice President, CFO | Tax withheld | 6 | $352 |
| Mar 20, 2026 | CARROLL PATRICK S Pres., Environmental Solutions | Tax withheld | 32 | $1.9K |
| Mar 15, 2026 | MEESTER SIMON President and CEO | Award | 34,190 | $0 |
| Mar 15, 2026 | MEESTER SIMON President and CEO | Award | 34,190 | $0 |
| Mar 15, 2026 | MEESTER SIMON President and CEO | Award | 36,820 | $0 |
| Mar 15, 2026 | JOHNSTON STEPHEN Former VP CAO and Controller | Tax withheld | 1,886 | $112.0K |
| Mar 15, 2026 | POSNER SCOTT Senior V.P., Gen Counsel Sec. | Award | 7,112 | $0 |
| Mar 15, 2026 | POSNER SCOTT Senior V.P., Gen Counsel Sec. | Award | 7,112 | $0 |
| Mar 15, 2026 | POSNER SCOTT Senior V.P., Gen Counsel Sec. | Award | 7,659 | $0 |
| Mar 15, 2026 | POSNER SCOTT Senior V.P., Gen Counsel Sec. | Tax withheld | 5,827 | $346.2K |
| Mar 15, 2026 | MEESTER SIMON President and CEO | Tax withheld | 14,926 | $886.8K |
| Mar 15, 2026 | GEORGE AMY Senior V.P. Human Resources | Award | 7,574 | $0 |
| Mar 15, 2026 | GEORGE AMY Senior V.P. Human Resources | Tax withheld | 3,385 | $201.1K |
| Mar 15, 2026 | Hegarty Kieran President, Materials Processin | Award | 5,744 | $0 |
| Mar 15, 2026 | Hegarty Kieran President, Materials Processin | Award | 5,744 | $0 |
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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