United Rentals reported record third quarter 2026 results, comfortably exceeding analyst estimates for both top and bottom-line performance. Driven by strong demand for infrastructure and mega-projects, the company raised its full-year 2026 revenue guidance to a range of $18.0 billion to $18.2 billion.
Key Highlights
- Total revenue grew 15.7% year-over-year to $4.893 billion, while rental revenue hit a record $4.316 billion.
- The Specialty Rentals segment outperformed expectations with 34.7% revenue growth and a 250 basis point expansion in gross margin to 47.6%.
- Adjusted EPS of $15.55 beat the consensus estimate of $13.75 by 13%, supported by a 6.5% increase in fleet productivity.
- Full-year adjusted EBITDA guidance was raised to $8.3–$8.4 billion, reflecting a midpoint increase of approximately 3.7% from prior outlook.