United Rentals, Inc. announced, on July 22, record financial results for the second quarter of 2026, and raised its 2026 full-year guidance.
Matthew Flannery, chief executive officer of United Rentals, said, “As evidenced in our record second-quarter results across EPS, adjusted EBITDA and revenue, 2026 is on track to be a great year for United Rentals. Our growth accelerated in the quarter, customers remain optimistic, particularly around large projects, and we continue to demonstrate strong cost discipline. Our one-stop-shop value proposition, coupled with our technology, service levels, and unwavering focus on safety and customer productivity, continues to differentiate us in the industry.”
Second Quarter 2026 Highlights
- Total revenue of $4.410 billion, including rental revenue of $3.849 billion.
- Net income of $753 million, at a margin 3 of 17.1%. GAAP diluted earnings per share (“EPS”) of $12.03, and adjusted EPS 4 of $12.76.
- Adjusted EBITDA of $2.056 billion, at a margin of 46.6%.
- Year-over-year, fleet productivity increased 3.4%.
- Rental revenue increased 12.7% year-over-year to a quarterly record of $3.849 billion.
- Used equipment sales in the quarter increased 4.1% year-over-year and generated $330 million of proceeds at a GAAP gross margin of 46.7%
Flannery continued, “Looking ahead, I am very pleased that we are again raising our guidance for the year, supported by the tailwinds we see across large projects, customer backlogs, and the momentum witnessed year-to-date. We believe the healthy growth we’ve seen will continue and that we will deliver what our shareholders expect of us: profitable growth, strong free cash flow and compelling returns.”
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