AI-extracted from the 10-Q filed 2026-07-23 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Dover reported Q2 revenue of $2.19B (+6.9% YoY), with organic growth of 4.8% across all five segments and operating earnings up 10.5% to $391.8M.
Biggest Revenue Drivers
Pumps & Process Solutions$552.7M+6.2% YoY
Acquisition-related growth of 4.9% from Sikora AG and ipp acquisitions; organic growth of 0.4% driven by electrification infrastructure and biopharma demand.
Clean Energy & Fueling$595.0M+8.9% YoY
Organic growth of 8.6% driven by favorable demand in retail fueling and clean energy components; pricing favorably impacted by 2.9%.
Biggest Revenue Drivers
Total revenue: $2.19B+6.9% YoY
Pumps & Process Solutions$552.7M+6.2% YoY
Acquisition-related growth of 4.9% from Sikora AG and ipp acquisitions; organic growth of 0.4% driven by electrification infrastructure and biopharma demand.
Clean Energy & Fueling$595.0M+8.9% YoY
Organic growth of 8.6% driven by favorable demand in retail fueling and clean energy components; pricing favorably impacted by 2.9%.
Organic growth of 8.3% driven by strong CO2 refrigerant systems demand and heat exchanger growth for data center cooling.
Imaging & Identification$305.1M+4.5% YoY
Organic growth of 2.9% from marking and coding equipment; favorable foreign currency translation of 1.6%.
Engineered Products$283.5M+2.7% YoY
Organic growth of 2.1% from aerospace and defense, fluid dispensing, and industrial winches; pricing added 3.0%.
Largest Expense Items
Cost of goods and services$1,309.4M+6.3% YoY
Increase driven by higher revenue volume; gross profit margin expanded 30 bps to 40.2% from favorable price versus cost dynamics.
Selling, general and administrative expenses$488.8M+5.4% YoY
Increase primarily due to higher employee compensation and benefits; as % of revenue decreased 30 bps to 22.3%.
Interest expense, net$14.5M+64.1% YoY
Increase from lower interest income on short-term investments and higher interest from €550M 3.50% euro-denominated notes issued Q4 2025.
Restructuring and other costs$24.6M+5.9% YoY
Charges related to headcount reductions and exit costs in Climate & Sustainability, Engineered Products, and other segments.
Margins: Gross profit margin expanded 30 basis points to 40.2% in Q2 2026, driven by favorable price versus cost dynamics, operating leverage from volume growth, and restructuring benefits. Operating margin strength reflected broad-based segment performance improvement.
Watch Items from the Filing
Litigation claim: $58.9M jury verdict against ESG (discontinued operations) for breach of contract; company has not recognized expense and is pursuing appeal to U.S. Court of Appeals for Seventh Circuit.
Foreign currency exposure: Euro-denominated debt of €1.65B (€600M, €500M, €550M notes) representing net investment hedge; Q2 FX translation losses of $32.0M on foreign operations.
Inventory buildup: Adjusted working capital increased $219.4M (12.4%) to $1.99B; inventories up $148.5M to support higher near-term deliveries per order book.
Debt maturity: €600M 1.25% notes due November 2026 classified as current portion; company has sufficient liquidity with $1.8B cash and $1.5B credit facility undrawn.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
14 transactions in DOV reported by 5 members of Congress under the STOCK Act, most recent trade Dec 18, 2025. Reported transactions, not recommendations.
About DOVER Corp (DOV): stock profile, AI score and financials
DOVER Corp (DOV) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores DOV at 59.5/100 on a composite quality score built from its SEC filings, placing it at rank #922 of 2,925 stocks — the top half of the AI-ranked universe. DOV scores in the top quartile across revenue scale (84.5), balance sheet strength (82.2). Based on the latest XBRL financial filings (Q3 2026), DOVER Corp reports quarterly revenue of $2.2B, net income of $333.3M, an operating margin of 18.8%. Top institutional holders of DOV by reported 13-F value include JPMORGAN CHASE, Rakuten Investment Management, BlackRock, based on the most recent SEC filings. DOV trades on the NYSE exchange and files with the SEC under CIK 29905. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate DOV daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for DOVER Corp directly from SEC EDGAR.