What was Air Liquide's Q1 revenue, and how did it compare to analyst expectations?

Air Liquide reported Q1 revenue of 6.79 billion euros ($7.95 billion), excluding the impact of unfavourable currency movements and energy costs; this was slightly below the 6.83 billion euros in sales that analysts polled by Vara Research had expected on average.

What factors did Air Liquide cite for the revenue deviation from expectations?

The company clarified that its reported revenue excluded the impact of unfavourable currency movements and energy costs — not higher energy costs — indicating these external macroeconomic pressures affected the reported figure but were adjusted out to reflect underlying operational performance.

Air Liquide posts slight Q1 revenue miss

Apr 27, 2026

Air Liquide reported Q1 revenue of 6.79 billion euros, missing analyst expectations of 6.83 billion due to unfavorable currency and energy costs. The industrial gases supplier serves factories and hospitals.

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