AI-extracted from the 10-Q filed 2026-08-06 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Operating revenue rose 6.1% to $4,301M with 4.5% organic growth, led by Test & Measurement and Electronics (+12.1%) and Welding (+14.7%), lifting operating margin 40 bps to 26.7%.
Biggest Revenue Drivers
Automotive OEM$857M+1.3% YoY
Favorable foreign currency translation, partially offset by organic revenue down 0.4%
Test & Measurement and Electronics$769M+12.1% YoY
Organic revenue up 10.0% on higher demand in semiconductor and electronics end markets
Biggest Revenue Drivers
Total revenue: $4,301M+6.1% YoY
Automotive OEM$857M+1.3% YoY
Favorable foreign currency translation, partially offset by organic revenue down 0.4%
Test & Measurement and Electronics$769M+12.1% YoY
Organic revenue up 10.0% on higher demand in semiconductor and electronics end markets
Food Equipment$692M+1.6% YoY
Growth from favorable foreign currency translation; organic revenue flat
Welding$549M+14.7% YoY
Organic revenue up 13.9%; equipment grew 18.7% and consumables 6.0%
Construction Products$494M+4.3% YoY
Organic revenue up 2.0% on higher demand across all major regions
Largest Expense Items
Cost of revenue$2,403M+5.8% YoY
Higher revenue and higher employee-related expenses; 55.9% of revenue vs 56.0%
Selling, administrative, and research and development$735M+6.1% YoY
Enterprise initiative benefits offset by higher selling, advertising and employee-related expenses
Interest expense$79Mvs $74M prior year
Higher total debt of $9,694M, including $2.1B commercial paper
Amortization and impairment of intangible assets$16Mvs $21M prior year
Lower primarily due to fully amortized intangible assets
Margins: Operating margin rose 40 bps to 26.7%, driven by enterprise initiative benefits of 120 bps and positive operating leverage of 90 bps, partially offset by higher employee-related expenses and unfavorable price/cost of 40 bps.
Watch Items from the Filing
Price/cost was unfavorable 40 bps company-wide, and 160 bps in Specialty Products and 90 bps in Automotive OEM, amid shifting U.S. tariff policy.
Food Equipment margin fell 60 bps to 27.1%; North American equipment organic revenue declined 8.2% on lower institutional and quick-service restaurant demand.
Total debt rose to $9,694M from $8,969M, with short-term debt at $3,145M including $2.1B commercial paper at 3.78%; debt/EBITDA 2.0x.
Welding international organic revenue declined 6.4% and Automotive OEM European organic revenue fell 5.3%, signaling weakening non-U.S. demand.
Repurchased 2.9 million shares for approximately $750 million in the quarter; $865 million remains authorized under the 2023 Program.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Strobel Pamela BDirectorGrant or award · May 8, 2026
Brutto Daniel JDirectorGrant or award · May 8, 2026
Ford Darrell LDirectorGrant or award · May 8, 2026
Griffith James WDirectorGrant or award · May 8, 2026
Grier Kelly JDirectorGrant or award · May 8, 2026
Congress trading in ITW
36 transactions in ITW reported by 14 members of Congress under the STOCK Act, most recent trade Sep 9, 2026. Reported transactions, not recommendations.
About ILLINOIS TOOL WORKS INC (ITW): stock profile, AI score and financials
ILLINOIS TOOL WORKS INC (ITW) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores ITW at 63.7/100 on a composite quality score built from its SEC filings, placing it at rank #591 of 2,925 stocks — the top 25% of the AI-ranked universe. ITW scores in the top quartile across balance sheet strength (95.8), revenue scale (91.0), profitability (75.9). Areas of concern include revenue growth (29.4) and earnings quality (36.2), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), ILLINOIS TOOL WORKS INC reports quarterly revenue of $4.3B, net income of $815.0M, an operating margin of 26.7%. Top institutional holders of ITW by reported 13-F value include Briar Hall Management, BlackRock, STATE FARM MUTUAL AUTOMOBILE INSURANCE, based on the most recent SEC filings. ITW trades on the NYSE exchange and files with the SEC under CIK 49826. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ITW 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 ILLINOIS TOOL WORKS INC directly from SEC EDGAR.