Ralliant Q3 revenue beats estimates, lifts 2026 outlook
Overview
US precision technologies provider's Q3 revenue rose 17% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company raised full-year 2026 guidance after exceeding Q3 expectations
Outlook
Ralliant sees Q4 revenue between $620 mln and $640 mln
Company raises FY 2026 revenue guidance to $2.34 bln to $2.36 bln
Company sees FY 2026 adjusted EPS of $3.10 to $3.16
Result Drivers
CUSTOMER INVESTMENT - Co said revenue growth was driven by increased customer investment in defense, power grid modernization and AI enablement
OPERATING LEVERAGE - Margin expansion attributed to higher volumes, pricing, increased defense margins and productivity savings
BACKLOG EXECUTION - Co said growth in Defense & Space segment was supported by execution against a multi-year backlog and record orders in utilities
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $620 mln | $585.66 mln (9 Analysts) |
Q3 Adjusted EPS | Beat | $0.93 | $0.77 (10 Analysts) |
Q3 EPS | $0.77 | ||
Q3 Adjusted Net Earnings | Beat | $104 mln | $82.63 mln (7 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Ralliant Corporation is $81.00, about 13.6% above its November 3 closing price of $71.31
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)