UL Solutions Inc. reported first‑quarter 2026 revenue of $758 million, a 7.5% year‑over‑year increase, and GAAP net income of $97 million. Adjusted net income reached $107 million, and the company’s basic earnings per share were $0.46 while diluted earnings per share were $0.50, beating consensus estimates of $0.34 and $0.42 by $0.12 and $0.08 respectively.
Adjusted EBITDA margin expanded to 26.0% in Q1 2026 from 22.8% in Q1 2025, reflecting stronger pricing power and a higher mix of high‑margin work. The margin lift was driven by robust demand in the industrial testing and certification segment, which generated $375 million in revenue and a 32.8% adjusted EBITDA margin, up from 30.5% in the prior year.
The company’s organic revenue growth for the quarter was 5.7%, with the industrial segment posting an 8.2% increase and the consumer segment growing 6.1%. These gains were supported by continued demand in battery and data‑center testing, as well as a shift toward higher‑margin services.
UL Solutions reiterated its mid‑single‑digit constant‑currency organic revenue growth outlook for 2026 and raised its full‑year adjusted EBITDA margin guidance to approximately 27.0%, up from the previous 26.5% target. The guidance signals management confidence in sustaining momentum and leveraging operational efficiencies.
"I’m thrilled to report that our first‑quarter results extended our track record of strong performance including revenue growth, solid cash flow generation and impressive margin expansion," said President and CEO Jennifer Scanlon. "Our financial performance reflects the quality of our revenue growth and our ongoing commitment to optimize our cost structure," added Chief Financial Officer Ryan Robinson.
The company completed a portfolio realignment by selling its EHS software business for $202 million and agreed to acquire Eurofins’ Electrical & Electronics business for €575 million, expected to close in Q4 2026. Effective Q1 2026, the advisory business was moved into the industrial segment and the software segment was renamed Risk & Compliance Software. Investors responded favorably to the results, citing the strong earnings beat, margin expansion and optimistic outlook as key drivers of confidence.
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