Parker-Hannifin's third quarter revenue grew 11% to a record $5.5B driven by Aerospace strength, prompting a raised FY26 outlook.

Parker-Hannifin reported record third quarter fiscal 2026 results, with sales increasing 11% year-over-year to $5.5 billion and adjusted EPS growing 18% to a record $8.17. The performance was supported by a 9% increase in total company orders, leading to an increased full-year forecast.

Key Highlights

• The Aerospace Systems segment was a key driver, with sales surging 15.5% on an organic basis of 14.2%, fueled by strong commercial OEM and aftermarket demand.
• The company's backlog grew to a record $12.5 billion, supported by a 9% increase in total company orders, with Aerospace orders up 14%.
• Parker-Hannifin raised its full-year fiscal 2026 guidance, now projecting adjusted EPS of approximately $31.20 and total sales growth of 7%.