Nordson Beats Q3 Expectations, Multiple Analysts Raise Price Targets

Nordson Corp reported better-than-expected fiscal third-quarter financial results after Wednesday's market close and raised its FY26 guidance.

Nordson reported quarterly earnings of $3.25 per share, beating the analyst consensus estimate of $3.10. The company reported quarterly sales of $817.667 million, surpassing the analyst consensus estimate of $780.080 million.

Nordson raised its FY2026 adjusted earnings per share guidance from $11.30-$11.80 to $11.80-$12.00, while also raising its sales guidance from $2.93 billion-$3.01 billion to $3.035 billion-$3.075 billion.

Nordson President and CEO Sundaram Nagarajan said, "Strong first-half momentum continued into the third quarter, with results exceeding the high end of our recently updated earnings guidance. The team's strong execution of the Ascend strategy, combined with our diversified portfolio, differentiated precision technology, and excellent operational capabilities, enabled us to achieve record sales across all three business segments while maintaining industry-leading margin performance. Additionally, strong free cash flow generation allowed us to further strengthen our balance sheet, return capital to shareholders, and continue investing in the business to support future growth. I want to thank our global employees for meeting customer needs and delivering another outstanding quarter."

Nordson shares rose 0.3% to $335.52 in pre-market trading.

The following analysts adjusted their price targets on Nordson following the earnings release.

Baird analyst Michael Halloran maintained a Neutral rating on the stock and raised the price target from $328 to $351.

Oppenheimer analyst Christopher Glynn maintained an Outperform rating on the stock and raised the price target from $335 to $370.

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