Air Products and Chemicals, Inc. (APD) earnings on July 30, 2026

Before the market opens Q2 2026

More Air Products and Chemicals, Inc. earnings

Prior outlook: Optimistic Outcome: Accurate

Air Products jumped early after strong profit growth and raised outlook, but gave up gains to close up about 2%.

APD price around the earnings

300.20

Change: +2.0%

2026-07-30, 20:00 UTC

End of the measured window
294.27 299.55 304.84 310.12 294.27
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 30, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Accurate

Thesis published
Results released

Strong analyst buy ratings and a new semiconductor agreement drive a significant run-up, pricing in expectations.

Context analyzed before publication

Trend
Sharp trajectory decline from 57.8 to 27.1 indicates increasing sell-the-news risk; moderate run-up now pricing in expec

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.81
Analysts covering the stock
19
Average price target
337.05
Lowest price target
305
Highest price target
360
Upside to price target
14.5%
Revenue growth
8.8%
Forward EPS
14.29
Trailing EPS
9.53
Analyst moves in the last 60 days
2
  • Strong buy: 3
  • Buy: 11
  • Hold: 7
  • Sell: 0
  • Strong sell: 0
Strong buy
3
Buy
11
Hold
7
Sell
0
Strong sell
0
  • July 17, 2026 · Bernstein: Maintains rating (Outperform → Outperform)
  • July 1, 2026 · Bernstein: Maintains rating (Outperform → Outperform)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (6)

Technicals

Evidence

Price when the context was analyzed
294.82
Average true range (ATR)
2%
Distance to 52-week high
-6.3%
14-day change (14d)
+0.4%
30-day change (30d)
+8.6%
30-day relative strength
+10.1%
SPY change (30d)
-1.5%
Nearest support
293.97
Distance to nearest support
0.3%
Nearest resistance
296.18
Distance to nearest resistance
0.5%
Volume accumulation ratio (14d / 46d)
0.9
  • Major: 293.97 (0.3% away, 0.14 ATR, 67 touches)
  • Major: 292.7 (0.7% away, 0.36 ATR, 47 touches)
  • Major: 290.29 (1.5% away, 0.77 ATR, 52 touches)
  • Major: 296.18 (0.5% away, 0.23 ATR, 51 touches)
  • Major: 298.38 (1.2% away, 0.6 ATR, 35 touches)
  • Mid: 300.93 (2.1% away, 1.03 ATR, 18 touches)

Trends

Evidence

Average earnings surprise
+3.0%
  • April 30, 2026: actual EPS 3.2 vs estimate 3.06 (surprise +4.5%)
  • January 30, 2026: actual EPS 3.16 vs estimate 3.04 (surprise +3.9%)
  • November 6, 2025: actual EPS 3.39 vs estimate 3.38 (surprise +0.2%)
  • July 31, 2025: actual EPS 3.09 vs estimate 2.99 (surprise +3.2%)

Expected move

Implied move
+1.8%
Source
Options chain

Reactions over its last 20 earnings

Median move
5.2%
75th percentile move
7.1%
90th percentile move
9.4%
Up / down moves
7 / 13
Average up move
+5.7%
Average down move
-5.1%

Monitoring and close

What Air Products and Chemicals, Inc. reported

Status
Finished
Actual EPS3.47
EPS estimate3.34
EPS surprise+3.9%
Revenue$3,161 million
Revenue estimate$3,202 million
Revenue surprise-1.3%

Air Products reported fiscal Q3 earnings that beat estimates, but took a $2.9 billion charge for exiting clean energy projects.

Sources (13)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on earnings but not on revenue and the price is indicating +1.8% pre-market, a move below the stock's usual reaction (about 5%). The figures confirm the optimistic scenario. Across our market history, in the 1,580 similar cases the close held that direction 75% of the time.

How the stock reacted

Outcome
Accurate
Consolidated
+2.0%
Max favorable move (MFE)
5.7%
Max adverse move (MAE)
0%