Air Products and Chemicals shares surge 6.76% premarket amid upbeat fiscal 2026 guidance and cost-cutting measures despite Q4 earnings miss.

Air Products and Chemicals surged 6.76% in premarket trading amid mixed earnings results and revised guidance. While the company missed Q4 earnings ($3.39 vs. $3.41 expected) and revenue estimates ($3.17B vs. $3.22B expected), it exceeded full-year fiscal guidance with $12.03 EPS and outlined cost-saving measures, including $250M annual savings from workforce reductions. The firm also highlighted progress on its NEOM project (90% complete) and a 43rd consecutive year of dividend increases. Management provided optimistic fiscal 2026 guidance ($12.85–$13.15 EPS), signaling confidence in recovery despite challenges like helium market headwinds. The premarket rally reflects investor focus on long-term strategic initiatives and improved guidance, outweighing near-term earnings shortfalls.