Linde third quarter 2026 financial performance

Linde reported record quarterly sales of $9.4 billion for the third quarter of 2026, representing a 9.2 percent increase in group revenue. This growth was driven by a 5.0 percent underlying growth rate, comprising 3.0 percent price increases and 2.0 percent volume increases.

The electronics segment served as the primary growth driver, expanding by 15.0 percent. The company is currently managing approximately $2 billion in electronics-related projects under construction across the United States, Korea, and China, which are expected to become operational within the next two to three years.

While adjusted earnings per share rose by 9.0 percent to $4.59, exceeding market expectations, the adjusted operating margin saw a slight decrease of 0.3 percentage points to 29.4 percent due to higher costs and operational weaknesses. Regional performance was varied, with volume increases in the Americas and Asia-Pacific, while the Europe, Middle East, and Africa regions reported weaker results.

To address underperforming non-gas segments and align costs with market conditions, Linde implemented a restructuring program for its Lincare home healthcare business, resulting in charges of $425 million. Additionally, the company has implemented targeted rate hikes for merchant and packaged gas customers in North America to combat rising energy and distribution costs.