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Get filing alertsTerex raises 2026 guidance on 8.5% Q2 revenue growth, REV synergies on track
Filed August 3, 2026 · Period ending July 30, 2026 · ~1 min read
Key Changes
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high
Raised full-year 2026 guidance: sales $7.9-$8.2B (7.4% proforma growth at midpoint), adjusted EBITDA $960M-$1.0B (14.5% proforma growth), adjusted EPS $4.70-$5.10, reflecting strong first-half execution and backlog coverage.
Exhibit 99.1 view on EDGAR → -
high
Q2 2026 revenue $2.2B (up 8.5% proforma), adjusted EBITDA $269M (up 10.7% proforma), adjusted EPS $1.37, with improved earnings conversion sequentially and year-over-year across all segments.
Exhibit 99.1 view on EDGAR → -
high
REV Group integration proceeding as planned with ~$28M synergies expected in 2026; Specialty Vehicles segment delivered record earnings and both REV merger and ESG acquisition trending above business cases.
Exhibit 99.1 view on EDGAR → -
high
Aerials strategic review progressing with interest from multiple parties; company working toward outcome that maximizes shareholder value but disclosed no timeline or specific details.
Exhibit 99.1 view on EDGAR → -
medium
Q2 bookings $2.0B (up 25% proforma year-over-year) with backlog of $6.9B providing solid second-half coverage; Aerials bookings up 71% driven by national customers tied to infrastructure and non-residential construction.
Exhibit 99.1 view on EDGAR →
Summary
Terex reported strong second quarter 2026 results and raised full-year guidance based on execution momentum and integration progress. Revenue of $2.2 billion grew 8.5% on a proforma basis with adjusted EBITDA of $269 million (up 10.7%) and adjusted EPS of $1.37.
The company increased its full-year outlook to sales of $7.9-$8.2 billion and adjusted EBITDA of $960 million-$1.0 billion, representing 14.5% proforma EBITDA growth at the midpoint with 22% incremental margin conversion. The REV Group merger integration is delivering as planned, with the Specialty Vehicles segment posting record earnings and approximately $28 million of synergies expected to be realized in 2026.
Management stated both the REV merger and ESG acquisition are trending above their respective business cases. Second quarter bookings of $2.0 billion increased 25% year-over-year on a proforma basis, with the $6.9 billion backlog providing solid coverage for the second half. The strategic review of the Aerials segment is progressing with interest from multiple parties, though no timeline or specific details were disclosed. Retail investors should watch for updates on the Aerials process, which management indicated is focused on maximizing shareholder value, and for continued execution on the raised guidance and REV synergy targets through year-end.
Section-by-Section Diff
Event · Exhibit 99.1
Terex reported Q2 2026 results with 8.5% revenue growth, raised full-year guidance, and provided updates on REV integration and Aerials strategic review.
Added in current filing · view on EDGAR →
We now expect sales of $7.9 to $8.2 billion, adjusted EBITDA of $960 to $1.0 billion, adjusted EPS of $4.70 to $5.10 ... We now expect proforma EBITDA to grow by approximately $124 million or 14.5% year over year to between $960 million and $1 billion, or 12.2% EBITDA margin at the midpoint.
Terex raised its full-year 2026 guidance based on strong first-half execution, backlog coverage, and synergy pipeline. The company now expects sales of $7.9 to $8.2 billion (7.4% proforma growth at midpoint), adjusted EBITDA of $960 million to $1.0 billion (14.5% proforma growth), and adjusted EPS of $4.70 to $5.10. The updated guidance reflects 22% incremental adjusted EBITDA margin conversion at the midpoint. Note: these figures were previously disclosed in the company's Jul 30, 2026 8-K.
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