Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced results for the first quarter of fiscal year 2026, which ended September 30, 2025. The company reported record financial performance across several key measures, demonstrating continued strength in both its aerospace and industrial businesses.
First-quarter sales reached a record $5.1 billion, representing 5 percent organic growth compared with the same period last year. Net income for the quarter was $808 million, an increase of 16 percent, while adjusted net income rose 14 percent to $927 million. Earnings per share were $6.29, up 18 percent, and adjusted earnings per share set a new record at $7.22, a 16 percent increase over the prior year.
Parker’s segment operating margin improved to 24.2 percent, an increase of 160 basis points from the previous year, while the adjusted segment margin rose 170 basis points to 27.4 percent. Operating cash flow for the quarter was $782 million, representing 15.4 percent of sales, and the company repurchased $475 million of its shares during the period.
“Our global team produced record sales, operating margins, earnings per share, and cash flow in the first quarter,” said Jenny Parmentier, Chairman and Chief Executive Officer. “These results underscore our team’s ability to deliver operational excellence through The Win Strategy™. Organic sales grew 5 percent as demand in aerospace remained strong and our industrial markets continued to recover. With this solid start to the year and improving order trends, we are increasing our full-year outlook.”
The company has raised its guidance for the fiscal year ending June 30, 2026, to include the impact of the Curtis acquisition. Parker now expects total sales growth between 4.0 and 7.0 percent, with approximately 4 percent organic growth at the midpoint. Acquisitions are expected to contribute about 1 percent, divestitures are anticipated to reduce sales by about 1 percent, and foreign currency translation is projected to have a favorable impact of approximately 1.5 percent.
The segment operating margin outlook has been increased to a range of 23.6 to 24.0 percent, or 26.8 to 27.2 percent on an adjusted basis. The company also raised its earnings per share guidance to a range of $25.53 to $26.33, or $29.60 to $30.40 on an adjusted basis.
For more than a century, Parker Hannifin has been a Fortune 250 company recognized as a global leader in motion and control technologies. Through continuous innovation and engineering excellence, Parker enables breakthroughs that help build a better, more sustainable future.
