United Rentals Q2 2026 Results
United Rentals Inc. (NYSE:URI) posted second‑quarter 2026 results that beat analyst expectations and prompted an 11% rise in its share price in after‑hours trading. The company recorded adjusted earnings per share of $12.76, surpassing the consensus estimate of $11.53 by $1.23. Total revenue reached $4.41 billion, a 12.7% increase year‑over‑year and above the $4.22 billion forecast, while rental revenue climbed to $3.849 billion, driven by a 7.1% rise in average original equipment cost and a 3.4% improvement in fleet productivity.
The firm raised its full‑year 2026 revenue guidance to a range of $17.5 billion to $17.8 billion, up from the prior $16.9 billion to $17.4 billion, with the midpoint of $17.65 billion exceeding the analyst consensus of $17.28 billion. Adjusted EBITDA guidance was also increased to $7.975 billion‑$8.125 billion from the earlier $7.625 billion‑$7.875 billion range.
Net income grew 21.1% year‑over‑year to $753 million, and adjusted EBITDA rose 13.6% to $2.056 billion. The quarter’s results included a $49 million gain from the sale of a portion of the company’s scaffolding business. Segment‑level performance showed the general rentals segment’s rental revenue up 6.6% YoY to $2.418 billion, while the specialty rentals segment posted a 24.8% YoY increase to $1.431 billion.
United Rentals returned $998 million to shareholders year‑to‑date, comprising $750 million in share repurchases and $248 million in dividends. The company maintained a net leverage ratio of 1.8 times at quarter‑end. CEO Matthew Flannery said the record second‑quarter results across EPS, adjusted EBITDA and revenue indicate that 2026 is on track to be a great year for United Rentals, noting accelerated growth, optimistic customers on large projects, and strong cost discipline.