Air Products Reports Fiscal 2026 Second Quarter Results
Delivered strong underlying performance | Positioned for helium supply chain resilience | New wins in Electronics and AerospaceContinued focus on key priorities: unlock earnings growth, optimize large projects, maintain capital disciplineRaising fiscal 2026 full-year adjusted EPS guidance* Q2 FY26 Summary of Results: GAAP earnings per share ("EPS")# of $3.19 and GAAP operating income of $753 million, each up over 130% versus prior year Adjusted EPS* of $3.20 and adjusted operating income* of $753 million, each up 19 percent versus prior year and exceeding top-end of adjusted EPS* guidance Guidance Raising fiscal 2026 full-year adjusted EPS guidance* to $13.00 to $13.25; fiscal 2026 third quarter adjusted EPS guidance* of $3.25 to $3.35 Continue to expect fiscal year 2026 capital expenditures* of approximately $4.0 billion News and Highlights Electronics growth: Selected by Samsung to build, own and operate multiple production facilities and bulk specialty gas supply system for new advanced semiconductor fab in South Korea Space sector growth: Supplied critical liquid hydrogen and helium for NASA's historic Artemis II mission; announced plans for new air separation unit in City of Cocoa, Florida Helium supply chain resilience: Increasing production in U.S. network to support global customers; drawing from dedicated U.S. helium storage cavern and increasing liquefaction to further strengthen inventory; repositioning portions of large ISO container fleet to help manage supply flows Fiscal 2026 Second Quarter Consolidated Results (comparison versus prior year) LEHIGH VALLEY, Pa., April 30, 2026 /PRNewswire/ -- Air Products (NYSE:APD) today reported second quarter fiscal 2026 GAAP operating income of $753 million and GAAP EPS# of $3.19, each up over 130%, and GAAP operating margin of 23.7 percent, compared to negative 79.8 percent in the prior year.