How is Linde Gas doing?

Industrial gas stock | Leading industrial gas stock Global leader in industrial gases; top-tier supplier of semiconductor photolithography gas mixtures; provides full suites of electronic specialty gases for wafer manufacturing; also expanding into medical gases, green hydrogen, and carbon capture. Key features: Full product coverage across all categories; strongest in etching gases, photolithography gases, and rare gases.

Linde Q3 2025 Earnings Report — December 4, 2025

[First, lock in the position—then research] Series Initial coverage of $LIN. A Nasdaq-100 constituent and the largest-weighted stock in the XLB ETF; industry leader in industrial gases. Key takeaways from earnings report, presentation materials, and earnings call: ・ Consumer demand (Linde classifies the electronics sector as part of the consumer market) remains resilient, primarily driven by semiconductor manufacturing—especially at advanced process nodes. ・ Industrial demand remains cyclically weak; Chemicals & Energy (C&E) segment declined sequentially. ・ Current backlog stands at $10 billion. ・ Anticipates continued expansion of the U.S. steel and metals industries due to tariff impacts. ・ Demand for industrial gases from commercial spaceflight is growing at double-digit rates. ・ Majority of current pipeline projects originate from the Americas and Asia. Have zero background in the chemical industry; the earnings call transcript appears far more interesting than the 10-Q filing. At a share price of ~$410, the P/E ratio stands at 25—reasonable valuation for an industry leader delivering +3% revenue growth and +6% EPS growth.

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KeyBanc Raises Linde Stock Price Target on Industrial Growth

3 days ago

KeyBanc raised Linde's price target to $545 citing global industrial acceleration and strong financial performance, maintaining an Overweight rating despite some valuation concerns.

Investing.com

2026-04-08

Asio Capital LLC Increases Stake in Linde PLC

2026-04-08

Yousif Capital Management LLC Sells 2,739 Shares of Linde PLC

2026-04-09

BIP Wealth LLC Acquires 3,403 Shares of Linde PLC

2026-04-09

Franklin Street Advisors Inc. NC Trims Stake in Linde PLC

2026-04-09

Jackson Square Capital Reduces Stake in Linde PLC to $2.90 Million