United Rentals raises 2026 guidance after record second-quarter results
United Rentals raised its full-year 2026 guidance following record second-quarter earnings. The company increased its total revenue forecast to $17.5 billion to $17.8 billion from $16.9 billion to $17.4 billion, and raised adjusted EBITDA guidance to $7.975 billion to $8.125 billion from $7.625 billion to $7.875 billion. Second-quarter net income reached $753 million, with adjusted EBITDA of $2.056 billion and rental revenue of $3.849 billion.
- Total revenue guidance raised to $17.5 billion to $17.8 billion from $16.9 billion to $17.4 billion
- Adjusted EBITDA guidance raised to $7.975 billion to $8.125 billion from $7.625 billion to $7.875 billion
- Second quarter 2026 net income of $753 million, up 21.1% year-over-year
- Second quarter 2026 rental revenue of $3.849 billion, up 12.7% year-over-year
- Second quarter 2026 adjusted EBITDA of $2.056 billion, up 13.6% year-over-year
- Fleet productivity increased 3.4% year-over-year in second quarter
- Net leverage ratio of 1.8x at June 30, 2026
- Company expects to complete $1.5 billion of share repurchases in 2026
- General rentals segment rental revenue increased 6.6% to $2.418 billion
- Specialty rentals segment rental revenue increased 24.8% to $1.431 billion
The raised guidance signals accelerating demand in large construction projects and customer backlogs; management cited tailwinds across these areas as supporting the increase, indicating confidence in sustained revenue and EBITDA growth through year-end.
Derived from 8-K filed 2026-07-22. Not investment advice. Figures are extracted from the filing; prose is AI-assisted. View the source filing on SEC.gov →