EquipmentShare.com reports Q2 2026 results, authorizes $500 million buyback

EquipmentShare.com (NASDAQ: EQPT ) reported second-quarter financial results on Thursday.

The transcript from the company's second-quarter earnings call has been provided below.

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View the webcast at Summary EquipmentShare.com reported a 39% year-over-year increase in rental segment revenue and a 55% margin at mature rental locations in Q2 2026.

The company authorized a $500 million share repurchase program and plans to continue focusing on organic growth and industry transformation.

EquipmentShare.com expects approximately 33% growth in rental segment revenue for the full year, with a conservative outlook for the second half of 2026.

The OWN program continues to evolve, with institutional capital now comprising 45% of net OEC growth, offering a competitive cost of capital at approximately 7%.

The company enhanced its board with new independent directors and is winding down related-party transactions, aiming to reduce these arrangements significantly by the end of 2026.

EquipmentShare.com benefits from strong demand for large, complex construction projects and continues to differentiate through technology and service integration.

Management highlighted the scalability of the T3 platform, which is deepening customer relationships and expanding beyond rental into broader business management solutions.

The company reported total revenue of $1.4 billion for Q2 2026, with a 34% year-over-year growth in Adjusted Core EBITDA.

Full Transcript OPERATOR Inc.

Q2 earnings.

After today's prepared remarks, we will host a question and answer session.

If you would like to ask a question, please press star one to raise your hand.

To withdraw your question, press star one again.

I will now hand the conference over to Rhett Butler, VP of Investor Relations.

Please go ahead.

Rhett Butler, Vice President, Investor Relations Good morning and welcome to EquipmentShare.com's second quarter 2026 financial results conference call.

Joining me today are Jabbok Schlacks, Founder and Chief Executive Officer; Willie Schlacks, Founder and President; Mark Wapita, Chief Data Officer and Executive Vice President of Finance; and Dave Marquardt, Chief Financial Officer and Chief Accounting Officer.

Last night we issued our earnings press release and posted an earnings presentation to our investor relations website.

We encourage you to review those materials alongside today's remarks.

Please be advised that the call is being recorded.

Comments made on today's call and responses to your questions may contain forward-looking statements within the meaning of applicable securities laws.

These statements are subject to risks and uncertainties that could cause actual results to differ materially.

Please refer to our earnings press release, presentation, and SEC filings for a discussion of those risks.

EquipmentShare.com has no obligation to update or revise forward-looking statements made on this call.

We will also reference certain non-GAAP financial measures.

Reconciliations to the most directly comparable GAAP measures are included in our earnings press release.

With that, I'll turn the call over to Jabbok.

Jabbok Schlacks, Founder and Chief Executive Officer Thank you, Rhett, and good morning, everyone.

EquipmentShare.com delivered another exceptional quarter supported by healthy customer demand, continued market share gains, and disciplined execution across the business.

Rental segment revenue increased more than 39% year over year, and mature rental locations generated 55% trailing 12-month margins.

Mature locations now represent 57.6% of our rental network.

Adjusted core EBITDA grew to 531 million.