Dover Corporation announced its financial results for the third quarter ended September 30, 2026, reporting an 8% increase in revenue to $2.23 billion. On a GAAP basis, earnings from continuing operations were $337 million, representing an 11% increase, while diluted EPS from continuing operations rose 14% to $2.50. When adjusted for non-recurring items, the company reported earnings of $388 million and adjusted diluted EPS of $2.88, a 7% and 10% increase, respectively.
For the nine months ended September 30, 2026, Dover generated revenue of $6.48 billion, an 8% increase year-over-year. GAAP earnings from continuing operations totaled $888 million, up 8%, while diluted EPS from continuing operations increased 10% to $6.56. Adjusted earnings from continuing operations were $1.07 billion, up 9%, and adjusted diluted EPS was $7.89, up 11%.
Management highlighted strong performance across several secular growth markets, including artificial intelligence, power generation infrastructure, energy transition, single-use biopharma, semiconductor manufacturing, and space launch. The company noted that bookings increased across all five operating segments and outpaced shipments, reinforcing confidence in the forecast. A significant portion of the backlog is scheduled for delivery in 2027.
Dover continued to deploy capital, announcing two bolt-on acquisitions during the quarter and repurchasing over $330 million of its shares. The company also invested in greenfield expansions and productivity projects. Looking ahead, Dover expects to deliver double-digit adjusted EPS growth in 2026. For the full year 2026, the company forecasts GAAP EPS in the range of $8.93 to $9.08, with adjusted EPS expected to be between $10.60 and $10.75.
