Linde’s Q1 sales amounted to $8.8 billion, up 8% year-on-year.

【Answer 1】 On May 1, Linde, the global industrial gases and engineering giant, released its financial results for the first quarter of 2026. According to the company’s announcement, first-quarter sales totaled $8.781 billion, an 8% increase year-on-year, with organic growth of 3%—driven by 2% from pricing realization and 1% from volume growth, the latter primarily attributable to new project commissionings. Linde reported first-quarter operating profit of $2.439 billion and adjusted operating profit of $2.630 billion, both up 8% year-on-year; the adjusted operating profit margin stood at 30.0%. Sales in the Americas amounted to $4.025 billion, up 10% year-on-year, with organic growth of 6%—pricing contributed 4%, and volume growth accounted for 2%, primarily driven by demand from end markets including electronics, manufacturing, and metals & mining. Sales in Asia Pacific totaled $1.701 billion, up 11% year-on-year, with organic growth of 6%; volume growth was mainly driven by demand from end markets including electronics, chemicals & energy, as well as new project commissionings. Sales in Europe, Middle East and Africa (EMEA) reached $2.171 billion, up 7% year-on-year; however, organic sales declined by 2%, with pricing up 1% but volumes down 3%, primarily due to softening demand in the chemicals & energy and manufacturing end markets.

Linde announced its second-quarter 2025 financial results, with net income of $1.937 billion.

【Answer 2】 Linde announced its strong second-quarter 2025 financial results on August 1. Net income for the quarter was $1.766 billion, and diluted earnings per share (EPS) were $3.73—representing increases of 6% and 8%, respectively, year-on-year. Excluding accounting impacts related to the acquisition of Linde plc, adjusted net income was $1.937 billion, up 4% year-on-year. Adjusted EPS was $4.09, up 6% year-on-year. Linde’s second-quarter sales totaled $8.495 billion, up 3% year-on-year. Compared to the prior-year period, underlying sales grew 1%, pricing rose 2%, while volume declined 1%—partially offsetting the positive impact of pricing—primarily due to weakness in the manufacturing end market. Second-quarter operating profit was $2.354 billion. Adjusted operating profit was $2.556 billion, up 6% year-on-year, driven primarily by price increases across all divisions and ongoing productivity improvement initiatives. The adjusted operating profit margin was 30.1%, an increase of 80 basis points year-on-year. Operating cash flow for the quarter was $2.211 billion, up 15% year-on-year. After deducting capital expenditures of $1.257 billion, free cash flow totaled $954 million. During the quarter, the company returned $1.811 billion to shareholders through dividends and share repurchases (net of issuances). Chief Executive Officer Sanjiv Lamba commented: “Linde once again demonstrated remarkable resilience, and our employees delivered outstanding results.” He noted that higher pricing and operational improvements were key drivers of performance, and added that the company secured several new contracts—including a long-term gas supply agreement with a low-carbon ammonia plant on the U.S. Gulf Coast, part of Linde’s $7.1 billion backlog of gas sales contracts.

Linde Announces Second Quarter 2026 Earnings and Conference Call Schedule

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Linde plc will release Q2 2026 financial results on July 31, 2026, followed by a conference call. The industrial gases leader recorded $34 billion in sales during 2025.

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