Air Products (APD) Beats Q1 2026 EPS, Raises Street Outlook

Air Products and Chemicals Inc. (APD) reported fiscal Q1 2026 adjusted EPS of $3.16, up 10% year-over-year and above consensus, driving shares +6.4% on Feb 3. Revenue rose 6% to $3.1 billion, with adjusted operating income up 12% to $757 million and margin expanding to 24.4%. Management reaffirmed FY2026 adjusted EPS guidance of $12.85–$13.15. Analysts project $13.01, with 23 firms maintaining a "Moderate Buy" consensus. Wells Fargo raised the PT to $270 (Equal Weight); the mean PT of $300.14 implies +7.3% upside vs. current levels.