Filing Flows › Linde (LIN) › Q2 2026 › vs Q1 2026
Linde (LIN) Q2 2026 vs Q1 2026 (quarter over quarter)
Linde's revenue rose $508M (+6%) from $8.8B in Q1 2026 to $9.3B in Q2 2026. The biggest changes: APAC +$169M (+10%); EMEA +$132M (+6%); Engineering +$108M (+21%). Operating margin 27.5% against 27.8% (-0.3 pts).
Linde, Q2 2026: revenue $9.3B (+9% year over year), operating margin 27.5%, net earnings $1.9B, operating cash flow $2.3B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 27.5% | 27.8% | -0.3 pts |
| Net margin | 20.8% | 21.1% | -0.4 pts |
| Free cash flow margin | 9.0% | 10.2% | -1.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Americas | $4.1B | $4.0B | $58.0M | +1% |
| EMEA | $2.3B | $2.2B | $132M | +6% |
| APAC | $1.9B | $1.7B | $169M | +10% |
| Engineering | $625M | $517M | $108M | +21% |
| Other | $408M | $367M | $41.0M | +11% |
| Revenue | $9.3B | $8.8B | $508M | +6% |
| Other income, net | $28.0M | $32.0M | −$4.0M | -12% |
| Operating profit | $2.6B | $2.4B | $115M | +5% |
| Costs & expenses | $6.7B | $6.3B | $393M | +6% |
| Pre-tax earnings | $2.6B | $2.5B | $111M | +4% |
| Cost of revenue | $4.9B | $4.5B | $338M | +7% |
| Research & development | $37.0M | $38.0M | −$1.0M | -3% |
| SG&A | $891M | $893M | −$2.0M | -0.2% |
| Other operating costs | $946M | $888M | $58.0M | +7% |
| Net earnings | $1.9B | $1.9B | $71.0M | +4% |
| Minority interests | $44.0M | $43.0M | $1.0M | +2% |
| Income tax | $610M | $571M | $39.0M | +7% |
| Depreciation & amortization | $963M | $951M | $12.0M | +1% |
| Share-based compensation | $19.0M | $41.0M | −$22.0M | -54% |
| Working capital & other | $639M | $609M | $30.0M | +5% |
| Operating cash flow | $2.3B | $2.2B | $31.0M | +1% |
| Free cash flow (OCF − capex) | $833M | $898M | −$65.0M | -7% |
| Capital expenditures | $1.4B | $1.3B | $96.0M | +7% |
Questions
How much did Linde's revenue grow quarter over quarter in Q2 2026?
Linde's revenue rose $508M (+6%) from $8.8B in Q1 2026 to $9.3B in Q2 2026.
What drove Linde's revenue change in Q2 2026?
APAC +$169M (+10%); EMEA +$132M (+6%); Engineering +$108M (+21%).