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The financials
Illinois Tool Works by the numbers
Illinois Tool Works (ITW) reported revenue of $4.30B in Q2 2026 (quarter ended Jun 30, 2026), up 6.1% from the same quarter a year earlier. That came with a gross margin of 44% and net income of $815M (19% of revenue). For the full year FY2025, revenue was $16.0B (+0.9% year on year) and net income $3.07B. Its largest segment in Q2 2026 was Automotive OEM at $857M, 20% of the disclosed total, just ahead of Testand Measurementand Electronics at 18%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $4.30B | $4.05B | +6.1% |
| Gross profit | $1.90B | $1.78B | +6.5% |
| Operating income | $1.15B | $1.07B | +7.4% |
| Net income | $815M | $755M | +7.9% |
| Diluted EPS | $2.84 | $2.58 | +10% |
| Operating | Revenue | Share |
|---|---|---|
| Automotive OEM | $857M | 20% |
| Testand Measurementand Electronics | $769M | 18% |
| Food Equipment | $692M | 16% |
| Welding | $549M | 13% |
| Construction Products | $494M | 11% |
| Polymers And Fluids | $476M | 11% |
| Specialty Products | $468M | 11% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $4.30B (-3.7%)
Welding grew +15% year on yearAutomotive OEM +1.4% year on year
Segment Latestquarter on quarteryear on year
- Automotive OEM$857.0M$857.0MQoQ +4.5%year on year +1.4%+4.5%+1.4%
- Test and Measurement and Electronics$769.0M$769.0MQoQ +7.6%year on year +12%+7.6%+12%
- Food Equipment$692.0M$692.0MQoQ +8.6%year on year +1.8%+8.6%+1.8%
- Welding$549.0M$549.0MQoQ +8.3%year on year +15%+8.3%+15%
- Construction Products$494.0M$494.0MQoQ +7.9%year on year +4.4%+7.9%+4.4%
- Polymers And Fluids$476.0M$476.0MQoQ +5.3%year on year +8.7%+5.3%+8.7%
- Specialty Products$468.0M$468.0MQoQ +8.6%year on year +2.9%+8.6%+2.9%
Specialty Industrial Machinery
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