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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Dover Corporation (DOV) is 7/10.
Dover opened 2026 with double-digit revenue growth (GAAP revenue +10.05% year over year) and adjusted EPS of $2.28, up 11%, driven by secular-growth end markets, acquired company performance and constructive demand across the portfolio. Bookings were the standout at $2.5 billion, up 24% year over year with book-to-bill at 1.2 and each of the five segments above 1, as customers ordered further out to reserve capacity rather than pre-buying ahead of tariffs. Climate and Sustainability Technologies led with 15% organic growth on brazed plate heat exchangers tied to data center liquid cooling and continued double-digit growth in CO2 refrigeration systems, while Clean Energy and Fueling grew 11% organically on what management believes is the early innings of a multiyear retail fueling build-out cycle. Dover expects to generate over $1 billion of revenue this year from applications tied to artificial intelligence and power generation infrastructure, though refrigeration margin conversion is held back near term by redundant fixed costs from a facility consolidation delayed by stronger-than-expected demand, with inflection expected in the second half. Full year guidance was reaffirmed, with management stating it is driving to the top end of the range and will revisit next quarter.
Scored from Dover Corporation’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
All prior quarters are free.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.93B | -8.4% | $10.38 | +391.9% | 38.6% | 15.3% | 74.4% | $-63M |
| FY2025 Q1 | $1.87B | -0.9% | $1.67 | -63.1% | 40.0% | 15.9% | 12.4% | $108M |
| FY2025 Q2 | $2.05B | +5.2% | $2.02 | -1.0% | 39.9% | 17.3% | 13.6% | $152M |
| FY2025 Q3 | $2.08B | +4.8% | $2.19 | -12.7% | 40.1% | 18.2% | 14.5% | $370M |
| FY2025 Q4 | $2.10B | +8.8% | $2.04 | -80.3% | 39.1% | 16.5% | 13.4% | $484M |
| FY2026 Q1 | $2.05B | +10.1% | $1.75 | +4.8% | 38.9% | 14.9% | 11.6% | $131M |
| FY2026 Q2 | $2.19B | +6.9% | $2.30 | +13.9% | 40.2% | 17.9% | 14.3% | $-52M |
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