United Rentals reported record second quarter revenue of $4.41 billion and GAAP EPS of $12.03, beating analyst estimates for both revenue and adjusted EPS. The company also raised its full-year 2026 guidance, citing strong momentum and customer optimism.
Key Highlights
- The company raised its full-year 2026 total revenue guidance to a range of $17.5 billion to $17.8 billion, up from the prior range of $16.9 billion to $17.4 billion.
- The Specialty Rentals segment delivered record quarterly rental revenue of $1.431 billion, a 24.8% increase year-over-year, though gross margin contracted 140 basis points to 44.4% due to revenue mix.
- Fleet productivity, a key operational metric combining rental rates, utilization, and mix, increased 3.4% year-over-year, indicating strong operational performance.