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Did Illinois Tool Works Beat Earnings?
Illinois Tool Works (ITW) reported Q2 '26 revenue of $4.3B, up 6.1% year-over-year, with reported EPS of $2.84. That topped the $2.80 analyst estimate by 1.4% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Illinois Tool Works’s job postings, web traffic, and employee business outlook. See the full ITW stock analysis or the earnings calendar for upcoming reports.
ITW Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $2.80 | $2.84 | Beat +1.4% |
| Q1 '26 | $2.56 | $2.66 | Beat +3.9% |
| Q4 '25 | $2.69 | $2.72 | Beat +1.1% |
| Q3 '25 | $2.72 | $2.81 | Beat +3.3% |
| Q2 '25 | $2.56 | $2.58 | Beat +0.8% |
| Q1 '25 | $2.35 | $2.38 | Beat +1.3% |
Illinois Tool Works Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.97B | 3.93B | 3.84B | 4.05B | 4.06B | 4.09B | 4.02B | 4.3B |
| Gross margin | 43.1% | 42.9% | 43.2% | 44.0% | 44.5% | 44.2% | 43.8% | 44.1% |
| Operating margin | 26.5% | 26.2% | 24.8% | 26.4% | 27.4% | 26.5% | 25.4% | 26.7% |
| Net income | 1.16B | 750M | 700M | 755M | 821M | 790M | 768M | 815M |
| Net margin | 29.2% | 19.1% | 18.2% | 18.6% | 20.2% | 19.3% | 19.1% | 18.9% |
| EPS | $2.65 | $2.54 | $2.38 | $2.58 | $2.81 | $2.72 | $2.66 | $2.84 |
Illinois Tool Works Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Illinois Tool Works’s quarterly revenue moved from $3.97B to $4.3B. Net margin compressed from 29.2% to 18.9%, against a 44.1% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Illinois Tool Works has beaten Wall Street EPS estimates in 8 of its last 8 reported quarters.
When Is Illinois Tool Works’s Next Earnings Date?
Illinois Tool Works reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the ITW earnings calendar.
Frequently Asked Questions: Illinois Tool Works Earnings
Illinois Tool Works's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Illinois Tool Works reported Q2 '26 EPS of $2.84 on revenue of $4.3B (+6.1% YoY). Illinois Tool Works beat estimates, reporting $2.84 vs. the $2.80 estimate.
Illinois Tool Works reported Q2 '26 revenue of $4.3B, up 6.1% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the ITW AI Score.
