Terex Corp reports results on Wednesday 28 October, before the market opens. Growth is speeding up; revenue over the twelve months to Q2 2026 was $6.7 billion, which rose 29.2% on the year before.
Source: reported quarterly EPS and aggregated third-party estimates. Historical surprises are context, not a forecast.
View chart data
| Period | Reported EPS | Analysts' estimate |
|---|---|---|
| Sep '25 | $1.50 | $1.21 |
| Dec '25 | $1.12 | $1.11 |
| Mar '26 | $0.98 | $0.78 |
| Jun '26 | $1.37 | $1.23 |
What analysts expect
Analysts have been raising their forecasts going into the report. For the quarter, the analysts’ average EPS estimate is $1.42, in a range from $1.23 to $1.61, while the average revenue estimate for the quarter is $2.2 billion. The analysts’ average estimate for full-year EPS is $4.99, which would be up 1.2% on last year (based on 13 analysts). That estimate has risen 2.4% over the past 90 days. Of the analysts’ recommendations, 9 are positive, 4 neutral and 1 negative.
Earnings surprise model
The model estimates EPS could land above the analysts’ average estimate by 8.9%. Its estimated chance of an EPS beat is 75.0%, based on the last 4 quarters. The model shrinks the median recent surprise toward zero and uses a neutral prior for beat frequency; this small sample is a reference estimate, not company guidance.
Track record against estimates
The company reported EPS above the analysts’ average estimate in 4 of the last 4 quarters. Last quarter, EPS of $1.37 compared with an estimate of $1.23, above it by 11.2%.
The trends going in
The company is selling more but keeping less of each sale. That growth rate was up 12.2 percentage points on the rate a quarter earlier. The trailing gross margin was 17.7%, while the trailing operating margin was 5.7%, down 1.5 percentage points from a year earlier. The trailing net margin was 2.2%. Net income over the twelve months was $149.0 million, which fell 16.8% on the year before.
Where the cash went
The share count is rising, so each share claims a smaller slice of the profit. Operating cash flow over the twelve months was $456.0 million, up 21.9% on the year before. Capital spending, estimated from depreciation because the company no longer reports it in a standard form, was about $240.0 million. Meanwhile, free cash flow, operating cash flow less that estimate, was about $216.0 million. The average diluted share count rose 28.1% over the year.
In context
Measured against its own history: today’s free-cash-flow margin of 3.2% is higher than 60% of the company’s own past quarterly readings, which have ranged from −15.1% to 5.9%. Today’s operating margin of 5.7% is higher than 45% of past readings (−31.7% to 12.5%). Today’s twelve-month revenue growth rate of 29.2% is higher than 89% of past readings (−43.3% to 43.2%).
Questions this report will answer
Whether the pick-up in revenue growth continues. Whether results land above or below the analysts’ expectations set out above. Meanwhile, whether margins hold at the trailing levels above. The next filing will show whether the trends above continue, slow or reverse.
What it means for value
For valuation, the figures matter through our model. In our model, growth 5 percentage points lower would lower the value by 27.6%, and 5 percentage points higher would raise it by 35.3%. A free-cash-flow margin 1 percentage point lower would lower it by 21.3%.
