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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Trane Technologies (TT) is 7/10.
Trane delivered 3% organic revenue growth and 7% adjusted EPS growth in Q1, raising FY2026 EPS guidance to $14.75-$14.95 and organic revenue growth to approximately 7% on the strength of record commercial HVAC bookings and a record backlog of $10.7B, up over 30% from year-end 2025. Data center demand continued driving applied growth while the Stellar Energy acquisition expanded capabilities, and residential HVAC showed stabilization ahead of expectations. Transport refrigeration appeared to be bottoming, though Middle East conflict created revenue headwinds in select regions.
Scored from Trane Technologies’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $4.87B | +10.2% | $2.66 | +21.5% | 16.6% | 12.4% | $774M |
| FY2025 Q1 | $4.69B | +11.2% | $2.67 | +40.5% | 17.5% | 12.9% | $221M |
| FY2025 Q2 | $5.75B | +8.3% | $3.89 | +17.9% | 20.3% |
| 15.2% |
| $602M |
| FY2025 Q3 | $5.74B | +5.5% | $3.78 | +11.5% | 20.3% | 14.8% | $954M |
| FY2025 Q4 | $5.14B | +5.5% | $2.64 | -0.8% | 15.9% | 11.5% | $1.06B |
| FY2026 Q1 | $4.97B | +6.0% | $2.62 | -1.9% | 15.6% | 11.8% | $542M |
| FY2026 Q2 | $6.35B | +10.6% | $4.15 | +6.7% | 19.3% | 14.6% | $1.19B |