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ITW earnings at a glance
Illinois Tool Works Inc. (ITW) is scheduled to report earnings on Friday, October 23, 2026 — today. Analysts expect earnings per share of $2.99, compared with $2.81 in the same quarter last year (+6%). The options market is pricing a move of about ±3.0% after the report, a range of roughly $270.93 to $287.55 from today's $279.24. Over its last 6 reports the stock rose the next day 2 times and fell 4, moving ±3.3% on average; after the most recent report on Jul 28, 2026 it moved +3.6%. That means options currently expect about the same movement than ITW has typically delivered. ITW beat the consensus EPS estimate in 6 of its last 6 reported quarters. Implied volatility is currently 25%. The share price of $279.24 sits in the middle of its 52-week range.
Overview
Earnings trends
Earnings history
| Date | Period | Actual EPS | Est | Surprise | YoY %Δ | Day react | Source |
|---|---|---|---|---|---|---|---|
| Tue Jul 28, 2026 | Jun/2026 | $2.84 | $2.80 | +1.4% | +8.5% | +3.6% | earnings |
| Thu Apr 30, 2026 | 8K 2026-04-30 | $2.66 | $2.55 | +4.3% | — | -2.9% | earnings |
| Tue Feb 3, 2026 | 8K 2026-02-03 | $2.72 | $2.68 | +1.5% | — | +5.6% | earnings |
| Fri Oct 24, 2025 | Sep/2025 | $2.81 | $2.69 | +4.5% | — | -4.5% | earnings |
| Wed Jul 30, 2025 | Jun/2025 | $2.58 | $2.56 | +0.8% | — | -2.2% | earnings |
| Wed Apr 30, 2025 | Mar/2025 | $2.38 | $2.34 | +1.7% | — | -0.8% | earnings |
| Mon Sep 30, 2024 | Sep 2024 | $3.91 | — | — | — | — | financials |
| Sun Jun 30, 2024 | Jun 2024 | $2.54 | — | — | — | — | financials |
| Sun Mar 31, 2024 | Mar 2024 | $2.73 | — | — | — | — | financials |
| Sat Sep 30, 2023 | Sep 2023 | $2.55 | — | — | — | — | financials |
| Fri Jun 30, 2023 | Jun 2023 | $2.48 | — | — | — | — | financials |
| Fri Mar 31, 2023 | Mar 2023 | $2.33 | — | — | — | — | financials |
Upcoming
| Date | Fiscal | Time | EPS Est | LY EPS | YoY %Δ |
|---|---|---|---|---|---|
| Fri Oct 23, 2026 | Sep/2026 | OTHER | $2.99 | $2.81 | +6.4% |
Financials
Income statement (quarterly)
| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.30B | $4.02B | — | $4.06B | $4.05B | $3.84B | — | $3.97B |
| Cost of revenue | $2.03B | $1.89B | — | $1.90B | $1.91B | $1.82B | — | $1.88B |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | $1.15B | $1.02B | — | $1.11B | $1.07B | $951M | — | $1.05B |
| Net income | $815M | $768M | — | $821M | $755M | $700M | — | $1.16B |
| EPS (diluted) | $2.84 | $2.66 | — | $2.81 | $2.58 | $2.38 | — | $3.91 |
Balance sheet (quarterly)
| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $839M | $827M | $851M | $924M | $788M | $873M | $948M | $947M |
| Inventory | $1.76B | $1.73B | $1.66B | $1.73B | $1.71B | $1.66B | $1.60B | $1.82B |
| Total current assets | $6.60B | $6.33B | $6.20B | $6.32B | $6.23B | $6.04B | $5.86B | $6.30B |
| Total assets | $16.49B | $16.26B | $16.15B | $16.14B | $16.05B | $15.47B | $15.07B | $15.82B |
| Long-term debt | $6.55B | $6.60B | $6.68B | $7.67B | $7.70B | $7.28B | $6.31B | $6.58B |
| Total liabilities | — | — | — | — | — | — | — | — |
| Total equity | $2.90B | $3.23B | $3.23B | $3.21B | $3.21B | $3.24B | — | $3.39B |
Implied volatility — last 90 days
Sector peers
ITW earnings FAQ
When is ITW's next earnings date?
Illinois Tool Works Inc. is expected to report on October 23, 2026.
What is ITW's expected move for earnings?
Options currently price a move of about ±3.0%, or $8.31 per share either way from $279.24.
How does ITW stock usually react to earnings?
Across the last 6 reports the average next-day move was ±3.3%, up 2 times and down 4 times.
What EPS are analysts expecting from Illinois Tool Works Inc.?
The consensus estimate is $2.99 per share, versus $2.81 a year ago.
What is ITW's implied volatility?
ITW's at-the-money implied volatility is about 25% based on the latest options snapshot.