Illinois Tool Works Inc. (ITW) earnings on July 28, 2026
More Illinois Tool Works Inc. earnings
Prior outlook: Pessimistic Outcome: Missed
The stock opened higher and closed up 3.63%, reversing what some analysts expected after the company reported earnings that beat expectations.
ITW price around the earnings
295.16
Change: +3.6%
2026-07-28, 20:00 UTC
End of the measured window
278.15
285.40
292.64
299.89
284.82
July 28, 2026
- Price: green if it ends above the starting price; red if it ends below
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Missed
- Thesis published
- Results released
Consistent 100% earnings beat history with +6.37% trend strength, but analyst Hold consensus with -1.7% downside conflicts with extreme retail optimism.
Context analyzed before publication
- Trend
- Oscillating trajectory (-5.8 to +22.0) reflects conflicting contexts; retail extreme vs analyst neutral creates divergenc
Analysts
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 3.25
- Analysts covering the stock
- 14
- Average price target
- 280.05
- Lowest price target
- 219
- Highest price target
- 317
- Upside to price target
- -1.7%
- Quarterly earnings growth
- 9.7%
- Revenue growth
- 4.6%
- Forward EPS
- 12.18
- Trailing EPS
- 10.85
- Analyst moves in the last 60 days
- 2
- Strong buy: 1
- Buy: 1
- Hold: 10
- Sell: 3
- Strong sell: 1
- Strong buy
- 1
- Buy
- 1
- Hold
- 10
- Sell
- 3
- Strong sell
- 1
- July 13, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
- July 2, 2026 · Truist Securities: Maintains rating (Hold → Hold)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (2)
- JP Morgan Maintains Overweight on Illinois Tool Works, Raises Price Target to $310 (opens in a new tab) — Benzinga
- Truist Securities Maintains Hold on Illinois Tool Works, Raises Price Target to $301 (opens in a new tab) — Benzinga
Technicals
Evidence
- Average true range (ATR)
- 1.9%
- Distance to 52-week high
- -3.8%
- 14-day change (14d)
- +4.8%
- 30-day change (31d)
- +6.4%
- 30-day relative strength
- +5.1%
- SPY change (31d)
- +1.3%
- Nearest support
- 284.31
- Nearest resistance
- 286.69
- Volume accumulation ratio (14d / 46d)
- 0.86
Trends
Evidence
- Average earnings surprise
- +2.2%
- April 30, 2026: actual EPS 2.66 vs estimate 2.56 (surprise +3.8%)
- February 3, 2026: actual EPS 2.72 vs estimate 2.69 (surprise +1.1%)
- October 24, 2025: actual EPS 2.81 vs estimate 2.72 (surprise +3.5%)
- July 30, 2025: actual EPS 2.58 vs estimate 2.56 (surprise +0.6%)
Expected move
- Implied move
- +1.6%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 2.1%
- 75th percentile move
- 3.6%
- 90th percentile move
- 4.6%
- Up / down moves
- 9 / 11
- Average up move
- +2.6%
- Average down move
- -2.3%
Monitoring and close
What Illinois Tool Works Inc. reported
- Status
- Finished
| Actual EPS | 2.84 |
|---|---|
| EPS estimate | 2.79 |
| EPS surprise | +1.8% |
| Revenue | $4,301 million |
| Revenue estimate | $4,189 million |
| Revenue surprise | +2.7% |
Illinois Tool Works beat Q2 estimates and raised its 2026 guidance. Shares rose after reporting record revenue and margin expansion.
Sources (17)
- Illinois Tool Works Inc (ITW) Q2 2026 Earnings Call Highlights: Record Operating Income and ... (opens in a new tab) — GuruFocus.com
- Illinois Tool Works Inc. Q2 2026 Earnings Call Summary (opens in a new tab) — Moby
- Illinois Tool Works Q2 Earnings Call Highlights (opens in a new tab) — MarketBeat
- Here's Why Illinois Tool Works Stock Popped Higher Today (Hint: The U.S. Manufacturing Sector is in Growth Mode) (opens in a new tab) — Motley Fool
- Illinois Tool Works Stock Jumps 5.1% on Guidance Raise (opens in a new tab) — GuruFocus.com
- Illinois Tool Tops Q2 Earnings & Revenue Estimates, Raises 2026 View (opens in a new tab) — Zacks
- Illinois Tool Works Stock Rallies as Strong Growth Drives Raised 2026 Outlook (opens in a new tab) — Benzinga
- Illinois Tool Works (ITW) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates (opens in a new tab) — Zacks
- Illinois Tool Works Inc. (ITW) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
- Illinois Tool Works (NYSE:ITW): Quality Industrial Stock Raises Guidance After Inline Earnings (opens in a new tab) — ChartMill
- Illinois Tool Works (ITW) Tops Q2 Earnings and Revenue Estimates (opens in a new tab) — Zacks
- Illinois Tool Works (NYSE:ITW) Surprises With Q2 CY2026 Sales (opens in a new tab) — StockStory
- Illinois Tool Works beat expectations with EPS of $2.84 versus $2.79 estimated, and revenue of $4.301B topping $4.189B. — Benzinga
- Illinois Tool Works Q2 EPS $2.84 Beats $2.79 Estimate, Sales $4.301B Beat $4.189B Estimate (opens in a new tab) — Benzinga
- Illinois Tool Works Raises FY2026 GAAP EPS Guidance from $11.10-$11.50 to $11.35-$11.55 vs $11.34 Est; Raises FY2026 Sales Guidance from $16.378B-$16.699B to $16.686B-$16.846B vs $16.599B Est (opens in a new tab) — Benzinga
- ITW Reports Second Quarter 2026 Results and Raises Full Year 2026 Guidance (opens in a new tab) — Yahoo
- Illinois Tool Works Inc. 2026 Q2 - Results - Earnings Call Presentation (opens in a new tab) — SeekingAlpha
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, the figures don't clearly confirm the prior scenario.
How the stock reacted
- Outcome
- Missed
- Consolidated
- +3.6%
- Max favorable move (MFE)
- 0%
- Max adverse move (MAE)
- 5.5%