ITW Q3 Earnings Beat Estimates on Electronics Strength

Illinois Tool Works (ITW) reported Q3 2026 EPS of $3.00, beating estimates, with revenues of $4.24 billion growing 4.4% year-over-year. Test & Measurement and Electronics surged 17.3%, while operating margin expanded 40 basis points. ITW raised full-year 2026 EPS guidance to $11.45-$11.55 and expects 4.5-5.5% revenue growth. Peer companies Graco missed estimates, while Dover and Allegion both beat expectations with strong organic growth.