United Rentals earnings exceeded third-quarter expectations as record revenue and a higher full-year sales forecast sent shares up 2% in after-hours trading on October 21, 2026. The equipment rental company reported revenue of $4.89 billion and adjusted earnings of $15.55 per share.
Key Takeaways
- Quarterly revenue rose 15.7%, beating analyst estimates by roughly $180 million.
- United Rentals raised its full-year revenue forecast to $18 billion–$18.2 billion, above the $17.76 billion consensus.
Table of Contents
United Rentals earnings outpace revenue growth
Adjusted earnings per share increased 33% from a year earlier, more than twice the percentage growth in revenue. The $15.55 result exceeded analyst expectations by $1.52 per share, while quarterly sales rose 15.7% to a record $4.89 billion.
The results came from a business supplying construction and industrial equipment rentals, alongside maintenance, delivery and digital fleet management services. United Rentals operates across the United States and Canada, with additional operations in Europe, Australia and New Zealand.
Higher annual outlook tops consensus
United Rentals lifted its full-year revenue guidance to a range of $18 billion to $18.2 billion. Even the lower end of that forecast exceeded the $17.76 billion analyst consensus.
United Rentals’ trailing price-to-earnings ratio stood at 25.68 times, compared with its five-year median of 17.99 times.
Over the preceding 12 months, insiders sold $30.5 million in shares and bought $0.1 million.
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