
Air Products (APD) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
Air Products (APD) last issued guidance on July 30, 2026 for fiscal year 2026. The company guided earnings per share in the range of $13.39 - $13.49, compared to a consensus EPS estimate of $13.22.
Compared to prior guidance, Air Products raised its EPS outlook from a previous range of $13 - $13.25.
Air Products has issued 33 guidance updates between November 3, 2022 and July 30, 2026. During this period, the company raised its outlook 8 times and lowered it 15 times, providing investors with insight into management's evolving expectations.
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $3.34 | $3.06 | $3.04 | $3.39 |
| Actual | $3.47 | $3.20 | $3.16 | $3.39 |
| Surprise | +3.89% | +4.58% | +3.95% | 0.00% |
| Revenue | ||||
| Estimate | $3.19B | $3.07B | $3.05B | $3.20B |
| Actual | $3.16B | $3.17B | $3.10B | $3.17B |
| Surprise | -1.05% | +3.43% | +1.86% | -0.90% |
| Metric | Q4 '26E | Q1 '27E | Q2 '27E | Q3 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $3.61 | $3.48 | $3.45 | $3.66 |
| Revenue | ||||
| Consensus | $3.33B | $3.31B | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q3 | Jul 30, 2026 | $3.47 | $3.34 | 3.89 % |
| Q2 | Apr 30, 2026 | $3.20 | $3.06 | 4.58 % |
| Q1 | Jan 30, 2026 | $3.16 | $3.04 | 3.95 % |
| Q4 | Nov 6, 2025 | $3.39 | $3.39 | 0.00 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q3 | Jul 30, 2026 | $3.16B | $3.19B | -1.05 % |
| Q2 | Apr 30, 2026 | $3.17B | $3.07B | 3.43 % |
| Q1 | Jan 30, 2026 | $3.10B | $3.05B | 1.86 % |
| Q4 | Nov 6, 2025 | $3.17B | $3.20B | -0.90 % |