EquipmentShare posts strong Q3 revenue but shares tumble on guidance and capex concerns
EquipmentShare reported third‑quarter 2026 revenue of roughly $1.47 billion, up about 55% year over year, and posted adjusted EPS of $0.16, beating estimates. The company reaffirmed full‑year revenue guidance of $5.81‑$6.05 billion and highlighted continued heavy capital spending. Despite the beat, the stock fell more than 20% as analysts cut price targets and investors focused on the limited upside in guidance and negative free‑cash‑flow outlook.
Why it matters
Analysts at Wells Fargo, Baird, Citi, Truist and Goldman Sachs cut their EQPT price targets, citing the guidance and capex profile. The share‑price decline reduces market valuation and may affect liquidity for investors holding the stock.
Key facts
- 1Q3 2026 revenue was $1.47 billion, up 55% YoY. tradingview.com
- 2Adjusted EPS for the quarter was $0.16, beating consensus by $0.04. seekingalpha.com
- 3Full‑year revenue guidance was reaffirmed at $5.81 billion to $6.05 billion. investing.com
- 4Capital expenditures for the quarter were $841 million. quiverquant.com
- 5Shares fell 22.2% after the earnings release, reaching a 52‑week low of $12.41. investing.com
- 6Analyst price targets were cut: Wells Fargo to $19, Baird to $28, Citi to $16, Truist to $31, Goldman Sachs to $30. investing.com
Open questions
- Material 7 reports Q3 revenue of $900 million, conflicting with $1.47 billion reported in other sources.
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.