Linde reports third quarter revenue and earnings growth

Linde reported an increase in revenue and adjusted earnings for the third quarter of 2026. Group revenue rose by 9.2 percent to 9.40 billion US dollars, driven by a 5.0 percent underlying growth rate consisting of 3.0 percent price increases and 2.0 percent volume increases.

The electronics segment was the primary growth driver, expanding by 15.0 percent. The company is currently constructing electronics projects valued at approximately 2.0 billion US dollars across the United States, Korea, and China, which are expected to come online over the next two to three years.

Adjusted operating profit rose by 8.0 percent to 2.76 billion US dollars, though the adjusted operating margin decreased by 0.3 percentage points to 29.4 percent due to higher costs and operational weaknesses. Adjusted earnings per share improved by 9.0 percent to 4.59 US dollars, exceeding market expectations.

Regional performance was mixed: volumes increased in the Americas by 3.0 percent and in Asia-Pacific by 5.0 percent, while the Europe, Middle East, and Africa regions showed weaker results. Additionally, a restructuring program in the Lincare home healthcare business resulted in charges of 425 million US dollars.