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32 min ago 2 min read
Industrial gases major Linde reported record second-quarter sales of $9.3bn, up 9% year-on-year, as continued demand from the electronics sector helped drive another quarter of earnings growth.
Q2 net income rose 9% to $1.93bn, while operating profit increased to $2.6bn. Adjusted operating profit reached $2.7bn, up 7% year-on-year, with an adjusted operating margin of 29.5%.
CEO Sanjiv Lamba said the company had delivered “another solid quarter”, generating record sales and earnings per share while maintaining industry-leading profitability.
He also highlighted the signing of another long-term electronics supply contract in the US, lifting Linde’s contractual sale of gas project backlog to a record $8.1bn.
The update comes hours after Linde announced a in Arizona to expand supplies of ultra-high-purity gases for a major semiconductor manufacturer.
Compared with the second quarter of 2025, underlying sales increased 4%, driven by 2% pricing gains and 2% higher volumes, primarily across the electronics, manufacturing and chemicals & energy end markets. Acquisitions added a further 1% to sales growth.
Americas sales totalled $4.08bn, up 7% year-on-year, generating operating profit of $1.27bn. APAC sales climbed 13% to $1.87bn, led by higher volumes in the electronics and chemicals & energy sectors alongside project start-ups, with operating profit reaching $531m.
Europe, Middle East & Africa sales increased 7% to $2.3bn, producing operating profit of $823m. Underlying sales in the region rose 1%, reflecting higher pricing that offset weaker manufacturing volumes.
Linde Engineering rebounded after a weaker first quarter, with sales rising 13% year-on-year to $625m and operating profit reaching $100m. Order intake for the quarter was $871m, while third-party sale of equipment backlog increased to $3bn.
Looking ahead, Linde expects third-quarter adjusted earnings per share of between $4.45 and $4.55 and reaffirmed full-year adjusted EPS guidance of $17.70 to $17.90.
The company also expects to spend between $5.5bn and $6bn on capital expenditure this year to support growth projects, including its record $8.1bn contractual sale of gas backlog.
“Regardless of the economic climate, I’m confident the Linde team will continue to secure high-quality future growth projects while delivering long-term shareholder value,” said Lamba.
