ITW · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
ILLINOIS TOOL WORKS INC · 2026-08-06 · Importance 49 · Surprise 32 · No source text
Operating revenue increased 6.1% to $4.301 billion in the second quarter of 2026 and 5.4% to $8.317 billion year to date, driven by organic growth, acquisitions and favorable foreign-currency translation. Organic revenue grew 4.5% in the quarter and 2.5% year to date, while product line simplification reduced organic growth by 60 basis points in both periods. North American organic revenue increased 6.4% in the quarter and 3.8% year to date, Asia Pacific increased 5.6% and 4.1%, while Europe was flat and down 1.1%, respectively. The strongest segment growth came from Test & Measurement and Electronics, Welding, and Polymers & Fluids, while Food Equipment organic revenue declined 1.3% year to date and Specialty Products declined 1.5%.
Key facts
- Operating revenue for the Test & Measurement and Electronics segment was $1,484 million in the second quarter of 2026 and $1,338 million in the second quarter of 2025, a 12.1% increase. source
- Operating revenue was $4,301 million in the three months ended June 30, 2026 and $4,053 million in the three months ended June 30, 2025. source
- Net income recognized in the year-to-date period ended June 30, 2026: $1,583 million. source
- Operating revenue was $8,317 million for the six months ended June 30, 2026 and $7,892 million for the six months ended June 30, 2025. source
- Diluted earnings per share were $2.84 for the second quarter and $5.50 for the year-to-date period of 2026, increases of 10.1% and 11.1%, respectively. source
- Organic revenue increased 4.5% in the second quarter of 2026 and 2.5% in the year-to-date period, with product line simplification activities reducing organic revenue by 60 basis points in both periods. source
- North American organic revenue grew 6.4% in the second quarter of 2026 and grew 3.8% in the year-to-date period. source
- Asia Pacific organic revenue grew 5.6% in the second quarter of 2026 and increased 4.1% in the year-to-date period. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +5.8% | Operating revenue was $4,301 million in the three months ended June 30, 2026 and $4,053 million in the three months ended June 30, 2025. |
| revenue | positive | realized | +3.4% | Operating revenue for the Test & Measurement and Electronics segment was $1,484 million in the second quarter of 2026 and $1,338 million… |
| net_income | unclear | realized | — | Net income recognized in the year-to-date period ended June 30, 2026: $1,583 million. |