How Will Linde Stock React To Its Upcoming Earnings?
Linde (NASDAQ:LIN) is scheduled to report its earnings on Thursday, October 29, 2026. The company has a market value of about $235.3 billion. Over the last twelve months it generated $35.4 billion in revenue and $9.6 billion in operating profit, with net income of $7.2 billion.
How the stock moves after the release will depend on how the results and outlook compare with expectations. What history can offer is the base rate: how often, and how far, the stock has moved after past reports.
See the earnings reaction history of all stocks
How Often Has Linde Stock Risen After Earnings?
Some observations on one-day (1D) post-earnings returns, measured from the last close before each release:
- There are 19 earnings releases in the last five years, with 10 positive and 9 negative one-day (1D) returns. Positive 1D returns were seen 53% of the time.
- Over the last three years that share falls to 36%, across 11 releases.
- The median of the 10 positive 1D returns is 1.6%, and the median of the 9 negative ones is -2.7%.
- The largest one-day reactions were 4.4% and -5.9%.
The table below shows the 1D, 5-day (5D) and 21-day (21D) returns after each release, followed by summary statistics.
| Earnings Date | 1D | 5D | 21D |
|---|---|---|---|
| 7/31/2026 | -5.9% | -3.6% | -3.8% |
| 5/1/2026 | 1.4% | -1.5% | -0.7% |
| 2/5/2026 | -2.9% | -1.2% | 2.4% |
| 10/31/2025 | -2.7% | -3.4% | -4.9% |
| 8/1/2025 | -0.2% | 2.0% | 3.9% |
| 5/1/2025 | -1.1% | -0.8% | 3.2% |
| 2/6/2025 | 1.5% | 1.1% | 3.3% |
| 10/31/2024 | -3.6% | -2.3% | -2.6% |
| 8/2/2024 | 0.1% | -1.3% | 5.5% |
| 5/2/2024 | -5.2% | -3.4% | -1.6% |
| 2/6/2024 | 3.7% | 4.7% | 15.7% |
| 10/26/2023 | 1.6% | 6.2% | 13.7% |
| 7/27/2023 | -0.9% | -1.1% | -2.6% |
| 4/27/2023 | 0.2% | -0.4% | -2.3% |
| 2/7/2023 | 4.4% | 3.5% | 7.1% |
| 10/27/2022 | -0.5% | -0.2% | 16.8% |
| 7/28/2022 | 2.2% | 3.3% | 2.3% |
| 4/28/2022 | 2.7% | 5.0% | 4.3% |
| 2/10/2022 | 1.5% | -0.1% | -7.3% |
| Statistic | 1D | 5D | 21D |
|---|---|---|---|
| # Positive | 10 | 7 | 11 |
| # Negative | 9 | 12 | 8 |
| Median Positive | 1.6% | 3.5% | 4.3% |
| Median Negative | -2.7% | -1.3% | -2.6% |
| Max Positive | 4.4% | 6.2% | 16.8% |
| Max Negative | -5.9% | -3.6% | -7.3% |
Does The First Move Carry On?
Another approach is to wait for the initial reaction and ask whether it tends to continue. The table below shows the correlation between the 1D return and the return over the following 5 and 21 trading days, and between the 5D return and the following 21 trading days. A value near 1 means the first move has tended to continue; near -1, to reverse; near 0, no consistent pattern. Over five years, the links are modest: the 1D move has tended to partly reverse over the following 5 days (-0.25 across 19 releases). Over the last three years, that reversal has been stronger (-0.53 across 11 releases). That is a tendency, not a rule, and it can break on any given report.
| History | 1D vs next 5D | 1D vs next 21D | 5D vs next 21D |
|---|---|---|---|
| 5 Years | -0.25 | 0.05 | 0.25 |
| 3 Years | -0.53 | 0.34 | 0.72 |
Do Peers That Report First Offer A Clue?
DOW usually reports about 7 days before Linde, and has already reported this season: its one-day reaction to the October 22 report was a 4.7% rise, though historically DOW’s reaction has said little about Linde’s. The table compares DOW’s one-day reaction to its own earnings with Linde’s one-day reaction to the report that followed. The correlation is 0.01; the closer to 1, the more DOW’s reaction tracks LIN’s. Figures this close to 0 show no consistent link.
| LIN Earnings Date | LIN 1D | DOW 1D |
|---|---|---|
| 7/31/2026 | -5.9% | -1.1% |
| 5/1/2026 | 1.4% | -0.7% |
| 2/5/2026 | -2.9% | -2.2% |
| 10/31/2025 | -2.7% | 12.9% |
| 8/1/2025 | -0.2% | -17.5% |
| 5/1/2025 | -1.1% | 2.6% |
| 2/6/2025 | 1.5% | -6.1% |
| 10/31/2024 | -3.6% | -1.0% |
| 8/2/2024 | 0.1% | -0.9% |
| 5/2/2024 | -5.2% | -0.9% |
| 2/6/2024 | 3.7% | 3.5% |
| 10/26/2023 | 1.6% | 2.1% |
| 7/27/2023 | -0.9% | 1.8% |
| 4/27/2023 | 0.2% | -5.2% |
| 2/7/2023 | 4.4% | 0.4% |
| 10/27/2022 | -0.5% | -0.4% |
| 7/28/2022 | 2.2% | -2.2% |
| 4/28/2022 | 2.7% | 2.9% |
| 2/10/2022 | 1.5% | 5.2% |
| Correlation | – | 0.01 |
Trading around earnings is a bet on a single event. If you want upside with a smoother ride than an individual stock such as LIN can offer, consider the Trefis High Quality (HQ) Portfolio: about 30 stocks selected for consistent cash generation, strong margins and resilient balance sheets, with a track record of outperforming a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000.