Illinois Tool Works (ITW) delivered mixed results in Q2 FY2026 on revenue of $4.3B versus the $4.2B estimate (+6.1% YoY) and EPS of $2.84. The next Illinois Tool Works (ITW) earnings date is Oct 23, 2026. Below is the full Illinois Tool Works earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
Illinois Tool Works (ITW) Earnings Analysis — key stats
Next earnings date
Oct 23, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Mixed
EPS beat rate
4 of last 8 (quarters above estimate)
Avg next-day move
±3.0% (over the last 8 reports)
Post-earnings direction
Up 4 / Down 4 (of the last 8 reports)
Implied move (next report)
±9.2% (options-derived · into Oct 23, 2026)
Institutional ownership
122.9% (13F as of 2026-06-30)
Top 10 holders
46.9% (of shares outstanding)
Insider activity
5 buys / 6 sells (recent Form 4 filings)
Revenue
$4.3B (vs $4.2B est · +2.7% surprise · +6.1% YoY)
EPS
$2.84 (vs $2.79 est · +1.8% surprise · +10.5% YoY)
Share price
$283.95 (+0.6%)
Market cap
$81.7B
Illinois Tool Works (ITW) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$4.3B vs $4.2B est
$2.84 vs $2.79 est
+1.8%
+2.7%
Mixed
Q2 FY2026
$4.0B vs $4.0B est
$2.66 vs $2.57 est
+3.5%
-3.8%
Mixed
Q1 FY2026
$4.1B vs $4.1B est
$2.72 vs $2.69 est
+1.1%
+9.3%
In line
Q4 FY2025
$4.1B vs $4.1B est
$2.81 vs $2.75 est
+2.2%
-3.7%
Mixed
Q3 FY2025
$4.1B vs $4.0B est
$2.58 vs $2.56 est
+0.8%
-1.4%
In line
Q2 FY2025
$3.8B vs $3.8B est
$2.38 vs $2.34 est
+1.7%
-1.0%
In line
Q1 FY2025
$3.9B vs $4.0B est
$2.54 vs $2.49 est
+2.0%
+0.2%
Mixed
Q4 FY2024
$4.0B vs $4.0B est
$3.91 vs $2.52 est
+55.2%
+2.0%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Briar Hall Management LLC
9.0%
25.8M
$7.0B
-0.1%
Blackrock, INC.
8.1%
23.3M
$6.3B
-0.4%
State Farm Mutual Automobile Insurance CO
7.3%
21.0M
$5.7B
+0.0%
Vanguard Capital Management LLC
6.1%
17.5M
$4.7B
+0.3%
State Street Corp
4.4%
12.8M
$3.5B
+1.0%
Northern Trust Corp
3.8%
11.1M
$3.0B
-1.3%
Geode Capital Management, LLC
2.5%
7.1M
$1.9B
+0.4%
Vanguard Portfolio Management LLC
2.4%
6.9M
$1.9B
+2.2%
Morgan Stanley
1.7%
4.9M
$1.3B
-9.3%
Capital Research Global Investors
1.7%
4.9M
$1.3B
+2.5%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
SANTI ERNEST SCOTT
director
2026-08-19
Buy
41K
$7.8M
SANTI ERNEST SCOTT
director
2026-08-19
Sell
22K
$6.4M
SANTI ERNEST SCOTT
director
2026-08-19
Sell
8K
$2.3M
SANTI ERNEST SCOTT
director
2026-08-19
Sell
9K
$2.6M
SANTI ERNEST SCOTT
director
2026-08-19
Sell
2K
$546569
SANTI ERNEST SCOTT
director
2026-08-19
Sell
41K
$7.8M
Pigozzo Matteo C.
officer: VP & Chief Accounting Officer
2026-08-13
Sell
277
$80114
Scanlon Jennifer F.
director
2026-08-07
Buy
118
$35000
What you'll find
Next Illinois Tool Works (ITW) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Illinois Tool Works reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Illinois Tool Works (ITW)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Illinois Tool Works's next earnings date?
Illinois Tool Works's (ITW) next scheduled earnings date is Oct 23, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Illinois Tool Works (ITW) beat or miss earnings?
In Q2 FY2026, Illinois Tool Works (ITW) posted mixed results — revenue of $4.3B versus the $4.2B estimate (+2.7% surprise) and EPS of $2.84 versus $2.79 expected (+1.8% surprise). Magnisto decodes every Illinois Tool Works (ITW) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Illinois Tool Works beat earnings estimates?
Over its last 8 reported quarters, Illinois Tool Works (ITW) beat Wall Street EPS estimates 4 times, most recently a mixed result in Q3 FY2026. Magnisto tracks every Illinois Tool Works (ITW) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Illinois Tool Works stock move after earnings?
Over its last 8 quarterly reports, Illinois Tool Works (ITW) moved an average of ±3.0% the day after earnings — ranging from -3.8% (Q2 FY2026) to +9.3% (Q1 FY2026). The stock rose after 4 of those 8 reports and fell after 4. Heading into its next report on Oct 23, 2026, options-implied volatility is pricing in a move of roughly ±9.2% (derived). Magnisto tracks the realized post-earnings move for every Illinois Tool Works (ITW) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Illinois Tool Works?
Institutions hold about 122.9% of Illinois Tool Works's (ITW) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Briar Hall Management LLC (9.0%), Blackrock, INC. (8.1%), State Farm Mutual Automobile Insurance CO (7.3%). Magnisto lists Illinois Tool Works's (ITW) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Illinois Tool Works (ITW)?
In the most recent Form 4 filings Magnisto tracks, Illinois Tool Works (ITW) insiders recorded 5 purchases and 6 sales — net selling. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Illinois Tool Works (ITW) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Illinois Tool Works (ITW), anchored to the current $283.95 share price, so you can weigh the bull, base and bear cases for Illinois Tool Works side by side.
Is Illinois Tool Works (ITW) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Illinois Tool Works fits your own thesis and risk profile. This is research, not investment advice.