Dover Corp. reported stronger second-quarter 2026 results, led by broad organic growth, higher bookings, and margin improvement, while also completing a $500 million accelerated share repurchase program. For the quarter ended June 30, 2026, Dover posted revenue of $2.19 billion, up 6.9% from $2.05 billion a year earlier. The increase reflected 4.8% organic revenue growth, 1.2% acquisition-related growth, and a 0.9% favorable foreign-currency translation impact. Management said growth was supported by “robust demand” in secular-growth end markets and constructive trading conditions across most businesses. Customer pricing added about 2.2% to second-quarter revenue. Earnings also improved. Gross profit rose 7.6% to $880.6 million, and gross margin expanded 30 basis points to 40.2%, driven by favorable price-versus-cost dynamics, volume leverage, and restructuring benefits. Operating earnings increased 10.5% to $391.8 million. Earnings from continuing operations were $312.5 million, or $2.31 per diluted share, compared with $280.1 million, or $2.03 per diluted share, in the prior-year quarter. Net earnings were $312.2 million after a $0.3 million loss from discontinued operations. For the first six months of 2026, Dover’s revenue increased 8.4% to $4.24 billion. Organic revenue rose 5.0%, with acquisition-related growth of 1.5% and a 1.9% foreign-currency benefit. Six-month earnings from continuing operations rose to $551.3 million, or $4.06 per diluted share, from $519.4 million, or $3.76 per diluted share, a year earlier. Net earnings for the period were $550.7 million, up from $509.9 million. Orders strengthened notably in the quarter. Dover reported bookings of $2.3 billion for the three months ended June 30, 2026, an increase of $322.8 million, or 16.1%, from the prior-year quarter. Bookings increased across all five segments, with the most notable improvement in Climate & Sustainability Technologies. Geographically, organic revenue grew 7.9% in the United States, 8.8% in Other Americas, and 8.5% in Asia, while declining 5.0% in Europe and 0.9% in other markets. Dover also disclosed restructuring and other costs of $24.6 million in the second quarter, consisting of $17.0 million of restructuring charges and $7.6 million of other costs. These costs were primarily tied to headcount reductions and exit costs in the Climate & Sustainability Technologies and Engineered Products segments. A key capital-allocation action during the quarter was the completion of Dover’s $500.0 million accelerated share repurchase program. During the three months ended June 30, 2026, the company received a final 153,652 shares, bringing total shares repurchased under the ASR program to 2,487,662. The total share count was based on the average daily volume-weighted average price of Dover common stock during the ASR calculation period, less a discount, resulting in a price of $200.99 per share. Dover’s Engineered Products segment, the only segment shown in detail in the excerpt, generated second-quarter revenue of $283.5 million, up 2.7% from $275.9 million a year earlier. Segment earnings increased to $57.8 million from $53.5 million, and margin improved to 20.4.
Stock detail
Dover (DOV) stock price, chart, and key data
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Stock detail
Dover
DOV · XNYS
+$11.90 (+5.56%) past day
$226.04
Overnight $225.96 (-0.04%)
Key metrics
Financials
Quarterly revenue, profitability, and balance-sheet snapshot
Dividend
Past Dividend Performance
$0.52
$0.52
$0.52
Annual Dividend Yield
0.92%
Dividend
$0.52 / Stock
Frequency
Quarterly Payment
Day range
$193.79 - $214.14
Close price
$197.80
Market cap
$26.6B
P/E ratio
98.28
About the company
Dover Corporation
Founded in 1955 by George Ohrstrom, Dover has become an industrial behemoth through the acquisition of dozens of esteemed brands. The company is organized into five segments through which it designs and manufactures highly engineered components, such as vehicle repair, factory automation, welding, aerospace, fuel dispensing, printing, liquid handling, refrigeration, and can-making equipment. It has operations around the globe but generates over half of its revenue in the United States.
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#1Julie Johnson
democrat · House · TX-32
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#2Ro Khanna
democrat · House · CA-17
- Buy$1,000 / $8,000 / $15,000
- Buy$1,000 / $8,000 / $15,000
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#3Alan Armstrong
- Buy$1,001 / $8,001 / $15,000
#4Ro Khanna
democrat · House · CA-17
- Buy$1,000 / $8,000 / $15,000
#5Julia Letlow
republican · House · LA-5
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#6Richard W. Allen
republican · House · GA-12
#7Carol Devine Miller
republican · House · WV-1
#8Rob Bresnahan
republican · House · PA-8
#9Gilbert Cisneros
democrat · House · CA-31
#10Donald J Trump
republican · Executive
#11James Comer
republican · House · KY-1
- Sell$1,001 / $8,001 / $15,000
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