
Illinois Tool Works (ITW) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
Illinois Tool Works (ITW) last issued guidance on July 28, 2026 for fiscal year 2026. The company guided earnings per share in the range of $11.35 - $11.55, compared to a consensus EPS estimate of $11.34. Illinois Tool Works also guided revenue in the range of $16.69B - $16.85B for the period.
Compared to prior guidance, Illinois Tool Works raised its EPS outlook from a previous range of $11.1 - $11.5. On the revenue side, the company raised its revenue forecast from a prior range of $16.38B - $16.7B.
Illinois Tool Works has issued 16 guidance updates between October 25, 2022 and July 28, 2026. During this period, the company raised its outlook 7 times and lowered it 2 times, providing investors with insight into management's evolving expectations.
| Metric | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $2.80 | $2.56 | $2.68 | $2.70 |
| Actual | $2.84 | $2.66 | $2.72 | $2.81 |
| Surprise | +1.43% | +3.91% | +1.49% | +4.07% |
| Revenue | ||||
| Estimate | $4.19B | $4.01B | $4.07B | $4.08B |
| Actual | $4.30B | $4.02B | $4.09B | $4.06B |
| Surprise | +2.70% | +0.20% | +0.64% | -0.62% |
| Metric | Q3 '26E | Q4 '26E | Q1 '27E | Q2 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $2.98 | $2.98 | $2.77 | $3.11 |
| Revenue | ||||
| Consensus | $4.25B | $4.26B | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q2 | Jul 28, 2026 | $2.84 | $2.80 | 1.43 % |
| Q1 | Apr 30, 2026 | $2.66 | $2.56 | 3.91 % |
| Q4 | Feb 3, 2026 | $2.72 | $2.68 | 1.49 % |
| Q3 | Oct 24, 2025 | $2.81 | $2.70 | 4.07 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q2 | Jul 28, 2026 | $4.30B | $4.19B | 2.70 % |
| Q1 | Apr 30, 2026 | $4.02B | $4.01B | 0.20 % |
| Q4 | Feb 3, 2026 | $4.09B | $4.07B | 0.64 % |
| Q3 | Oct 24, 2025 | $4.06B | $4.08B | -0.62 % |