EquipmentShare raises 2026 outlook; rental revenue midpoint growth to 43%

EquipmentShare reported Q3 revenue of $900M, up from $550M a year earlier. The company operates 448 locations, with mature sites showing a 54% Adjusted Core EBITDA margin. Sales reached $294M, with $243M from its OWN Program. Full-year guidance remains at $5.9B revenue and $2.2B Adjusted Core EBITDA. The company expects to end the year with $11.5B in managed fleet OEC and leverage in the low three-times range. Advanced Solutions revenue doubled, driven by power generation demand.

EquipmentShare.com (EQPT) stock fell 21% Tuesday despite beating Q3 earnings estimates. The company reported $0.16 EPS on $1.5B revenue, but GAAP net income was only $0.03 per share. Free cash flow was negative, with a $1.1B cash burn so far this year. Revenue grew 55% YoY, but investors focused on earnings quality concerns.

EquipmentShare (EQPT) shares dropped 22.2% after Q3 2026 earnings beat estimates but failed to reassure investors due to capital expenditure concerns and unchanged full-year guidance. Analysts cut price targets, and broader market declines added pressure. The stock hit a 52-week low of $12.41.

EquipmentShare reported 3Q 2026 revenue of $1.47B, up year over year, driven by construction demand, fleet expansion, and higher equipment sales. Net income also rose, though offset by increased expenses. The company expanded to 408 branches and 302,865 units under management. Equipment rental revenue grew 47%, and sales revenue increased 76%, with a $139M rise in construction equipment sales to OWN Program participants.

EquipmentShare.com Inc. reported Q3 Non-GAAP EPS of $0.16, exceeding estimates by $0.04, with revenue of $1.47B, surpassing expectations by $90M. The company's stock rose following an improved outlook.

EquipmentShare.com (EQPT) reported Q3 2026 revenue of $1.5B, up 55.5% YoY, beating estimates. Net income was $9M ($0.03/diluted share), down YoY. Operating cash flow was negative $37M, while capex was $841M. Shares fell 1.94% post-earnings. Insiders and hedge funds have shown mixed activity.