Dover forecasts upbeat 2026 profit on strong AI data-center components demand

Published: 2026-04-23 11:34:50 ET DOV

Published on 04/23/2026 at 11:34 am EDT

April 23 (Reuters) - Industrial equipment maker Dover forecast annual profit above Wall Street estimates on Thursday, banking on data center-led demand for its liquid cooling products and precision components used for natural gas infrastructure.

Here are the details:

o Significant investments in artificial intelligence infrastructure by hyperscalers have pumped demand for Dover's industrial products, including liquid cooling products used for high-performance computing and data centers.

o Shares of the Downers Grove, Illinois-based company rose 5.9% in early trading following the results.

o Dover expects 2026 adjusted per share profit between $10.45 and $10.65, the midpoint of which is above analysts' average estimate of $10.49 per share, according to data compiled by LSEG.

o Profit at its pumps and process solutions unit, which makes thermal connectors for data center liquid cooling systems, rose to $537.8 million in the first quarter from $493.6 million a year earlier.

o Dover's adjusted profit rose to $2.28 per share in the quarter ended March 31 from $2.05 per share a year ago.

o Analysts on average expected quarterly profit of $2.26 per share.

o Dover's first-quarter revenue rose 10% to $2.05 billion, compared with $1.87 billion a year earlier.

(Reporting by Parth Chandna; Editing by Shreya Biswas)