What is Linde plc's market capitalization in 2026?

Linde plc's market capitalization is approximately $221 billion as of August 2026, placing it among the largest industrial companies by market value. This figure reflects the combined valuation of all outstanding shares at prevailing prices and is consistent with Linde's dual listing on Nasdaq and Xetra. A market capitalization of this scale generally indicates that institutional investors have priced in sustained earnings growth and a durable competitive position. Linde's dominance in industrial gases, its record project backlog, and its exposure to high-growth sectors such as semiconductors and healthcare all contribute to the premium valuation the market assigns to the company. The CoinUnited LIN CFD provides price exposure to movements in the underlying share price without requiring share ownership, meaning changes in market cap are directly reflected in CFD position values.

Where is Linde plc listed and what is its stock ticker?

Linde plc trades under the ticker symbol LIN on two exchanges: Nasdaq in the United States and Xetra in Germany. The Nasdaq listing is the primary reference for most international investors and analysts, while the Xetra listing serves European markets, with the share price quoted in euros on that venue. The dual listing reflects Linde's corporate history: the company was formed from the 2018 merger of Praxair (U.S.) and Linde AG (Germany), and maintaining both listings helps the company retain its broad investor base across both regions. As of mid-August 2026, the Xetra price was approximately €415.80, while the Nasdaq closing price on August 6, 2026 was $490.11. The CoinUnited LIN CFD tracks the underlying Nasdaq-listed instrument, allowing price exposure to LIN without a traditional brokerage account or exchange session constraints.

What was Linde's revenue and EPS in Q2 2026?

Linde reported Q2 2026 revenue of $9.289 billion, a 9% increase year-on-year, alongside net income of $1,928 million, also up 9% year-on-year. Diluted reported EPS came in at $4.15, representing 11% growth, while adjusted EPS was approximately $4.50, up around 10% year-on-year. Operating profit for the quarter reached $2,554 million. These results exceeded market expectations at the time of the July 31, 2026 earnings release. The quarterly performance was supported by strong demand in electronics and healthcare, as well as contributions from the company's growing project backlog. Management raised the lower end of full-year 2026 guidance following the beat. Analysts noted, however, that certain U.S. home-care operations and margin dynamics remained watchpoints for future quarters. Full results are available through Linde's investor relations disclosures and the Q2 2026 earnings call materials.

What is Linde plc's project backlog and why does it matter?

Linde's project backlog reached approximately $8.1 billion as of Q2 2026, a record level. The backlog represents the value of signed capital project contracts that have not yet been completed or converted into revenue. These are typically large engineering and construction engagements where Linde builds gas production or distribution infrastructure for a customer, followed by long-term gas supply agreements. A record backlog is significant for several reasons. First, it provides visibility into future revenue, as these projects convert to sales over multi-year periods once construction completes. Second, it signals sustained demand from end markets, particularly electronics and semiconductor manufacturing, which drove a notable portion of the recent backlog growth through large western U.S. project wins. Third, the scale of the backlog reinforces Linde's competitive position: the capital intensity of these projects and the long contract durations make it difficult for competitors to displace Linde once relationships are established. Investors and analysts treat backlog growth as a leading indicator of medium-term earnings momentum.

Why has LIN stock outperformed the S&P 500 in 2026?

LIN has gained approximately 14.9–15.5% year-to-date in 2026, outperforming the broader equity market by a meaningful margin. Several factors have contributed to this relative strength. Linde's exposure to the semiconductor and electronics supply chain has attracted investor attention given elevated capital spending in that sector, and the company's record $8.1 billion project backlog announced in Q2 2026 provided tangible evidence that this demand is translating into contracted future revenue. Q2 2026 earnings also exceeded expectations on both revenue and EPS metrics, and management raised the lower end of full-year guidance, a combination that typically supports positive price momentum. The company's business model, long-term contracts, on-site supply infrastructure, and high switching costs, is viewed as defensive in uncertain economic environments, which can attract capital rotation toward quality industrials. The 12-month price change of approximately 3.74% is more modest, suggesting the stronger year-to-date performance reflects 2026-specific catalysts rather than a sustained long-run re-rating.

What is Linde's trailing P/E ratio and how does it compare to sector peers?

Linde's trailing twelve-month price-to-earnings ratio stands at 31.52x as of August 2026. This places the stock at a premium relative to the broad industrial sector, where trailing P/E ratios for large-cap peers often range in the low-to-mid twenties, though direct comparisons depend on the specific peer set and timing. The premium valuation reflects several factors the market typically assigns to high-quality compounders: consistent earnings growth, a dominant position in a consolidating industry, long-duration contracted revenue, and exposure to structurally growing end markets such as semiconductors and healthcare. At the same time, a P/E above 31x leaves limited room for earnings misses or margin deterioration without share price impact, which is why analysts have highlighted cost dynamics in certain business segments as key risks to monitor. Investors accessing LIN price exposure through the CoinUnited CFD should be aware that valuation multiples can compress or expand independently of absolute earnings performance.

How does Linde's $1 billion semiconductor investment connect to AI chip demand?

Linde has committed approximately $1 billion to support a major U.S. semiconductor facility expansion, a project linked to the significant increase in fabrication capacity being built to supply advanced chips used in artificial intelligence applications. Semiconductor manufacturing is among the most gas-intensive industrial processes: ultra-pure nitrogen, hydrogen, argon, and specialty electronic gases are consumed in large volumes at every fabrication stage, from deposition to etching to cleaning. As AI model development drives demand for high-performance processors, chipmakers are expanding and constructing new fabrication facilities, particularly in the western United States. Linde's project backlog record of $8.1 billion as of Q2 2026 is partly attributable to winning supply contracts tied to these expansions. Because Linde typically builds on-site gas production infrastructure and then supplies the customer under long-term agreements, each large semiconductor win generates both near-term capital project revenue and a recurring gas supply stream lasting years or decades. This positions the company as an indirect but essential participant in AI infrastructure buildout without direct exposure to chip pricing cycles.

What are the main risks of investing in Linde plc (LIN)?

Linde's primary risks include margin pressure, valuation concerns, and exposure to cyclical industrial demand. Analysts have flagged ongoing challenges in U.S. healthcare and home-care operations as a notable watchpoint alongside broader margin headwinds, even as overall earnings growth remains solid. The stock's trailing P/E of 31.52x reflects a premium multiple that leaves limited room for earnings disappointments. Geopolitical and macroeconomic factors also pose risks. Industrial gas demand is linked to manufacturing activity, electronics production, and energy markets, all of which can slow in a recessionary environment. Currency fluctuations matter too, given Linde's dual listing in USD and EUR and its global operational footprint. A stronger U.S. dollar can weigh on revenues reported from non-dollar regions. Finally, competition from Air Products and Air Liquide is persistent, and large capital project execution carries inherent risk. The record $8.1 billion project backlog is a positive indicator, but converting backlog into recognized revenue requires on-time, on-budget delivery of complex engineering projects.

How does Linde compare to Air Products (APD) and Air Liquide?

Linde, Air Products, and Air Liquide are the three largest industrial gas companies globally, but they differ in scale, strategy, and geographic emphasis. Linde is the largest by market capitalization, approximately $221 billion as of mid-2026, and has a particularly strong position in electronics and semiconductor gases, a segment benefiting from AI-driven chip demand. Its 2025 full-year sales of roughly $34 billion reflect its dominant scale. Air Products has pursued an aggressive clean hydrogen strategy, committing substantial capital to large-scale green and blue hydrogen projects. Air Liquide, headquartered in France, has a broader European industrial base and a significant healthcare gases division. Linde's business model is considered by analysts to be more disciplined in capital allocation, with a focus on return on invested capital alongside growth. All three operate under long-term take-or-pay contracts that create recurring revenue streams, but Linde's record project backlog of $8.1 billion and double-digit EPS growth in Q2 2026 are metrics that have drawn comparisons favoring Linde on near-term earnings momentum. The consensus Buy rating on LIN reflects this relative standing, though direct peer valuation comparisons depend on metrics not stated here.

What is the analyst consensus and sentiment on LIN stock in 2026?

Wall Street's consensus rating on LIN is Buy as of mid-2026, reflecting broad analyst confidence in Linde's earnings trajectory and competitive positioning. The stock has delivered approximately 14.9–15.5% year-to-date price appreciation through mid-2026, meaningfully outpacing the broader equity market, which has reinforced constructive sentiment. Q2 2026 results, revenue of $9.289 billion and adjusted EPS of roughly $4.50, both beating estimates, supported that constructive view. At the same time, sentiment is not uniformly bullish on every dimension. Some analysts note that margin pressure and challenges in U.S. healthcare operations remain areas to monitor. The stock's premium valuation, reflected in a trailing P/E of 31.52x, means it is priced for continued execution, and any shortfall could trigger a sharp repricing. Shares fell modestly following the Q2 2026 earnings release despite beating estimates, illustrating how high market expectations can mute positive reactions. Overall, the analytical narrative is constructive but balanced: strong earnings growth and a record backlog support confidence, while valuation and margin dynamics temper enthusiasm.

How does Linde generate recurring revenue — what is its business model?

Linde's revenue model is built on long-term supply contracts, often spanning decades, and on-site gas production infrastructure embedded directly in customer facilities. When Linde builds an air separation unit or hydrogen plant on a customer's site, the customer typically commits to a take-or-pay contract, meaning they pay for a minimum volume regardless of actual usage. This structure creates predictable, recurring cash flows and high customer switching costs, since replacing embedded infrastructure is operationally disruptive and capital-intensive. The company serves four broad end-markets: industrial, electronics, healthcare, and clean energy. Industrial customers include steel, chemical, and food producers. Electronics customers, a rapidly growing segment, include semiconductor fabs requiring ultra-high-purity gases. Healthcare operations supply medical oxygen and home-care respiratory services. Across segments, the on-site and pipeline delivery model differentiates Linde from distributors who sell packaged cylinders with lower margins and lower stickiness. This model explains why Linde's 2025 full-year sales reached roughly $34 billion with consistent year-on-year growth. The $8.1 billion project backlog as of Q2 2026 represents future contracted revenue yet to be recognized, providing multi-year visibility into the revenue base.

What role does Linde play in the clean hydrogen and energy transition space?

Linde is one of the world's largest producers and distributors of hydrogen, positioning it centrally in the energy transition. The company supplies both grey hydrogen, produced from natural gas, and is active in blue and green hydrogen development, where carbon capture or renewable electricity reduces the carbon intensity of production. Hydrogen is central to decarbonizing hard-to-abate sectors such as steel, chemicals, and heavy transport. Linde's engineering division designs and builds hydrogen production and liquefaction plants, adding a project revenue stream alongside its industrial gas supply business. The record project backlog of $8.1 billion as of Q2 2026 includes clean energy-related projects, reflecting genuine commercial demand rather than speculative positioning. The company's existing hydrogen infrastructure, pipelines, storage, and distribution networks, gives it a logistical advantage over new entrants. Clean hydrogen remains an evolving market with uncertain regulatory and subsidy frameworks in various jurisdictions. Linde does not depend exclusively on clean hydrogen; its diversified gas portfolio across electronics and healthcare provides earnings stability while the hydrogen economy develops at its own pace. Analysts view Linde's hydrogen exposure as a long-duration optionality within an otherwise stable industrial business.

How does the Praxair-Linde merger history affect the company's current structure?

The current Linde plc emerged from the 2018 merger of Germany's Linde AG and U.S.-based Praxair, creating the world's largest industrial gas company by market share. The combined entity was redomiciled as an Irish-incorporated holding company, Linde plc, which enabled dual listing on both Nasdaq (in U.S. dollars) and the Frankfurt Stock Exchange's Xetra segment (in euros). The merger required significant asset divestitures in both Europe and the Americas to satisfy antitrust regulators, reshaping the portfolio. The integration fundamentally altered the company's geographic and operational footprint. Praxair brought strong North and South American operations along with a rigorous capital discipline culture; Linde AG contributed deep European industrial relationships, engineering expertise, and an established Asian presence. The merged entity benefits from combined procurement scale, shared technology, and a broader customer base than either predecessor could reach alone. From a structural standpoint, the Irish holding company domicile and dual listing have remained in place since 2018. The company trades under the ticker LIN on both exchanges. This history explains why Linde has both a substantial U.S. shareholder base and significant European institutional ownership, and why currency considerations are relevant to understanding the stock's behavior across its two primary listings.

What is the difference between Linde's Nasdaq listing and its Xetra listing?

Linde plc trades on two major exchanges: the Nasdaq in the United States under the ticker LIN, denominated in U.S. dollars, and the Xetra segment of the Frankfurt Stock Exchange, also under LIN, denominated in euros. As of mid-August 2026, the Nasdaq closing price was $490.11 and the Xetra price was approximately €415.80. The difference between these figures reflects the prevailing USD/EUR exchange rate rather than any fundamental divergence in the underlying share value, both represent ownership in the same Irish-incorporated company. For investors, the choice of listing affects the currency of settlement and the applicable regulatory and tax framework of the trading venue. European institutional investors and German retail investors have historically accessed the stock through Xetra, while U.S. investors use Nasdaq. Liquidity tends to be concentrated on Nasdaq given the depth of U.S. equity markets and Linde's inclusion in major U.S. indices. Practically, arbitrage mechanisms keep the two prices aligned after adjusting for exchange rates. Short-term deviations can arise from time zone differences, Xetra closes before Nasdaq, which is why after-hours Nasdaq activity (the Aug 6 2026 after-hours price was approximately $488.00) can diverge from the Xetra close of that same session.

How do I trade Linde plc price exposure without a brokerage account?

CoinUnited offers a Linde plc CFD that provides price exposure to LIN without requiring a traditional brokerage account or bank account. The instrument is a contract for difference: it tracks the underlying share price, but confers no actual shares, voting rights, or dividend entitlements. Accounts are funded and withdrawn in crypto, removing the need for fiat banking infrastructure. The CFD trades 24 hours a day, seven days a week, with no exchange sessions, market holidays, or weekend gaps. This is a meaningful structural difference from holding Linde shares through a conventional broker, where trading is limited to Nasdaq or Xetra session hours. The platform offers up to 1000x leverage on the Linde plc CFD. As a worked example: a $100 margin position at 1000x leverage creates $100,000 of notional price exposure. A 1% move in the underlying LIN price would produce a $1,000 change in position value. Leverage of this magnitude amplifies both gains and losses proportionally, and positions can move against a trader rapidly. Understanding the mechanics of CFD leverage and margin management is essential before engaging with a leveraged instrument of this kind.

What is a CFD on Linde plc and how does leverage work for LIN?

A CFD (contract for difference) on Linde plc gives price exposure to LIN's market movements without conveying any ownership of the underlying shares. Holding this instrument means no shareholding, no voting rights, and no dividends, the position simply tracks the price of LIN and settles on the difference between the entry and exit price. Leverage amplifies both gains and losses relative to the capital committed. On CoinUnited, LIN CFDs are available with up to 1000x leverage. In practical terms: a hypothetical $100 margin controls $100,000 in notional LIN exposure. A 1% move in the underlying price would produce a $1,000 change in position value, ten times the initial margin. Because the effect is symmetric, adverse moves of the same magnitude can erode capital equally quickly, so position sizing relative to account equity is a critical consideration.

How can traders access LIN price exposure outside U.S. market hours?

Nasdaq-listed equities like LIN have defined trading hours, which means conventional equity holders cannot react to after-hours developments until the next session opens. The CoinUnited CFD removes that constraint entirely. This matters for LIN specifically because the stock trades on both Nasdaq and the Frankfurt Xetra exchange, and significant price information can emerge in European hours or after the U.S. close. For example, after-hours Nasdaq pricing on August 6, 2026 diverged from the regular-session close, illustrating how quickly sentiment can shift outside official hours. Earnings releases, macroeconomic data, and industrial-sector news all arrive on no fixed schedule. Because CoinUnited accounts are funded and settled in crypto, there is no dependency on traditional banking infrastructure or its business-day limitations, which further supports continuous access to the position.

What happens to a leveraged LIN CFD position during earnings announcements?

Earnings announcements are among the highest-volatility periods for any individual stock, and LIN is no exception. Linde reports quarterly results, and those releases, along with any accompanying guidance revisions, tend to produce sharp, rapid price moves. For Q2 2026, Linde beat earnings estimates, yet shares fell roughly 5.2% following the announcement, illustrating that even constructive results can produce meaningful adverse price action if the market's reaction diverges from the headline numbers. For a leveraged CFD position, the impact of such a move is magnified in direct proportion to the leverage applied. At 1000x leverage, a hypothetical $100 margin controls $100,000 in notional exposure; a 5% adverse move in the underlying would represent a $5,000 loss on that notional, far exceeding the initial margin. Traders monitoring LIN through earnings typically pay close attention to EPS versus consensus estimates, revenue growth, margin commentary, and any changes to full-year guidance, all of which have historically influenced short-term price direction.

What margin is required to open a 1000x leveraged LIN CFD position on CoinUnited?

At 1000x leverage, the required margin is 0.1% of the total notional value of the position. To construct a notional exposure equivalent to $10,000 worth of LIN price movement, a trader would need to commit $10 in margin. Scaling up, $1,000 in margin controls $1,000,000 in notional LIN exposure at this leverage ratio. Because Linde's market capitalization is approximately $221 billion and the stock is actively traded on both Nasdaq and Xetra, the underlying is liquid, but that liquidity does not reduce the speed at which a leveraged position can move against the trader. Margin requirements at this level assume precise position management, since relatively small percentage moves in LIN's price can consume or exceed the posted margin. All margin and settlement on the platform is handled in crypto, removing the need for a traditional bank account or fiat funding infrastructure.

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LINLinde plc

Hurtiglenker

Posisjonskalkulator

Posisjonsstørrelse (USD)Giring

Margin kreves

$10.00

P&L hvis LIN beveger seg

+1%+$10.00

+5%+$50.00

+10%+$100.00

Begynn å handle med 1000x giring

LINLinde plc · 1000xHandle LIN nå

Linde plc

LIN

$525.38

-0.19% (24h)

AksjerNivå COmsettelig på CoinUnited.io1000x giring

Handle LIN nå

Today's SignalNext earnings2027-02-03Last earnings move-0.9%2026-10-29Latest quarter revenue$9.40BQ3 2026Gross margin37.0%Q3 2026

How can you trade Linde plc? Linde plc (LIN) is publicly listed. On CoinUnited, eligible users can trade a LIN stock CFD — price exposure that tracks the share price. It is a price CFD, not equity (no shareholder voting; dividends reflected as an adjustment) — with leverage, from US$100. Access terms vary by jurisdiction and product eligibility.

How to trade it

Trading stock CFDs on CoinUnited + strategy

Handelsregime Status

Giring

1000x

(Maks på CoinUnited.io)

Volatilitet

Lav

(1.07% 24h)

How the LIN CFD works

Before you trade, understand exactly what you get, what you don't, and where the risk sits.

What you buy

Price exposure to the LIN reference (a synthetic CFD) that tracks the CoinUnited reference up and down.

What you do NOT get

It is not equity: no shares, no voting rights; dividends are reflected as an adjustment, not paid to you.

Basis / session risk

The CoinUnited reference tracks the share price but can differ from the exchange price; extended-hours liquidity is thinner.

Leverage illustration: with $100 margin at 1000× leverage you open a $100,000 notional position; if price moves against you to the liquidation level the position is force-closed. High leverage magnifies both profit and liquidation risk.

Trading conditions on CoinUnited

Fee schedule as of 2026-08-19

Product type	CFD	Synthetic price exposure. You do not hold the underlying asset.
Trading fee	0,070%	Per side, at the standard tier. Falls with 30-day volume and reaches 0.000% at VIP 9.
Trading hours	Market session	Follows the market session and is closed at weekends and on market holidays.
Giring – intradag	1 000x	I aktive handelstimer. Krever 0,050% margin ved minste posisjonsstørrelse. Tilgjengelighet og maksimalnivå avhenger av produkt, jurisdiksjon og kontoens kvalifisering; giring forsterker tapene, og posisjoner kan bli likvidert.
Giring – over natten	10x	For posisjoner som holdes utover handelsdagen. Krever 5,000% margin ved minste posisjonsstørrelse.
Giring – helger og helligdager	10x	For posisjoner som holdes gjennom en markedsstengning. Krever 5,000% margin ved minste posisjonsstørrelse – sjekk posisjonsstørrelsen din før du tar den med inn i helgen.
Direction	Long or short	Take a position in either direction. A short position profits when the price falls and loses when it rises.
Funding	Crypto deposit	Fund and withdraw in crypto. No bank transfer or card is required.

See the full fee schedule →

Trading LIN CFDs on CoinUnited.io

The CoinUnited LIN instrument is a Contract for Difference (CFD) that provides leveraged price exposure tracking Linde plc's underlying market price. It is a derivative position, not a share purchase: holders receive no equity ownership, no voting rights, and no direct dividend entitlement.

Leverage Mechanics: Controlling Notional Exposure

CoinUnited offers up to 1000x leverage on the LIN CFD, subject to product, jurisdiction, and account eligibility — and with the ever-present risk of liquidation if the market moves against an open position. The practical effect is a substantial multiplication of both potential gains and potential losses relative to the margin deposited.

A worked example illustrates the arithmetic precisely:

Parameter	Value
Margin allocated	$500
Leverage applied	1000x
Notional exposure controlled	$500,000
LIN price move	+1%
Gross P&L on position	+$5,000
LIN price move	−1%
Gross P&L on position	−$5,000

A 1% adverse move against a 1000x position eliminates the full margin. Traders using high leverage on a stock with LIN's per-share price — which closed at approximately $508.83 on October 23, 2026, implying a market capitalisation well above $220 billion — are amplifying exposure to a large-cap instrument that still carries event-driven price risk.

Sizing positions carefully relative to account equity is therefore a primary risk-management consideration, not a secondary one.

For those who prefer more moderate amplification, the 1000x ceiling is a maximum, not a requirement. A trader placing $500 at 10x controls $5,000 notional, reducing both the profit potential and the liquidation sensitivity considerably.

Scheduled Sessions and the Earnings Gap Problem

Linde's underlying Nasdaq listing trades between 9:30 am and 4:00 pm Eastern Time on U.S. business days only. The CoinUnited LIN CFD follows a scheduled trading session and is closed at weekends and on market holidays — a fact that directly shapes how traders should approach gap risk.

Material corporate announcements routinely fall outside regular session hours. Q3 2026 results, which showed adjusted EPS of $4.59 — up 9% year-on-year — on revenue of $9.4 billion, were released on October 29, 2026, before the Nasdaq open. Shares rose 3.23% in premarket trading, meaning price had already moved substantially by the time the regular session began.

Weekend gap risk is a genuine consideration for LIN CFD holders. A geopolitical development, a macro data release, or a corporate announcement that lands while the market is closed can produce a significant opening gap that bypasses any stop-loss set at Friday's close. Traders holding positions over weekends or holidays should size and hedge accordingly.

When markets are open, however, the CoinUnited platform allows traders to establish or adjust positions promptly around high-impact events: earnings releases, guidance revisions, large capital expenditure announcements, and macro data prints affecting industrial demand.

Linde's October 2026 earnings beat — alongside ongoing semiconductor infrastructure commitments including a Taiwan joint venture planning roughly $800 million in new chip facilities — illustrates how quickly LIN-relevant news can emerge and move the stock.

For context on how recent earnings events have rippled across sectors, the Q2 Earnings Miss: Multi-Sector Repricing theme page documents the broader market-level dynamics that intersect with individual stock reactions like LIN's post-earnings price action.

Earnings-Event Strategy Considerations

Linde has beaten consensus EPS estimates in each of the last six consecutive quarters, with Q3 2026 delivering a $0.07 beat on the adjusted EPS line and approximately $240 million of revenue upside. That consistency shapes expectations heading into each reporting cycle. Traders positioning around LIN earnings should consider several dynamics specific to this instrument:

-Implied volatility compression: Options-derived implied volatility typically expands into earnings and compresses immediately after results, affecting the cost of any hedging overlays.
-Guidance sensitivity: Linde raised its full-year 2026 adjusted EPS guidance to $17.82–$17.92 per share in October 2026, implying 8–9% growth versus 2025. However, the Q4 2026 guide of $4.40–$4.50 came in below the roughly $4.55 consensus, introducing a near-term volatility wrinkle even against an otherwise strong print.

That divergence — strong headline beat, softer forward quarter — illustrates why binary pre-earnings positioning carries risk in both directions.

-Catalyst calendar: Beyond scheduled earnings, Linde's semiconductor capex commitments — approximately $1.8 billion in confirmed long-term take-or-pay contracts across Arizona and Taiwan — create an ongoing stream of project announcements that can move the stock independently of quarterly reporting cycles.

The project backlog stood at approximately $11 billion as of October 2026, underpinning earnings visibility through the AI infrastructure capex cycle.

The 2026 Stocks Market Outlook provides additional macro framing for the industrial and technology-adjacent sectors that drive LIN's demand profile.

For a stock trading near $509 per share with LIN up approximately 19.2% year to date as of October 2026, even moderate notional positions carry meaningful dollar value. Trading fees on CoinUnited are tiered by 30-day contract volume — see the full fee schedule — and reach 0.000% at VIP 9, though the standard tier is not free.

Accounts are funded and withdrawn exclusively in crypto. No traditional bank account is required, and no paperwork is needed to begin trading. This structure allows traders to move from deposit to first position without waiting for bank transfer settlement windows, which is a material advantage when reacting to time-sensitive announcements.

Risks Specific to LIN CFDs at Leverage

Several risks are particular to this instrument and should be understood before trading:

-Liquidation proximity at high leverage: At 1000x, a price move of 0.1% against an open position consumes 100% of the margin on that position.

LIN is a relatively low-beta large-cap stock, but it is not immune to sharp moves: the post-Q3 2026 earnings session saw LIN rise more than 3% in premarket, and earlier in 2026 the stock dropped nearly 4% in a single session on capex overhang concerns despite the underlying deal quality being sound.

-Weekend and holiday gap risk: Because the LIN CFD follows scheduled trading sessions and is closed at weekends and on market holidays, positions held into a closure are exposed to opening gaps that cannot be managed in real time. This risk is most acute around earnings seasons and geopolitical events that may develop outside session hours.
-No dividend credit: Linde pays a regular dividend — a $1.60-per-share quarterly dividend was announced in October 2026, payable December 17, 2026. Holders of the CFD receive no direct dividend entitlement. Depending on position direction and any applicable financing adjustments, this may affect the economics of positions held across ex-dividend dates.
-Currency risk (Xetra listing): LIN trades in both USD on Nasdaq and EUR on Xetra. The CFD tracks the underlying market; traders should be aware that macro-driven USD/EUR moves can affect pricing signals if referencing European price feeds.
-Margin requirements at lower leverage: The 1000x maximum is the ceiling. Platform margin requirements may constrain maximum leverage depending on position size and account balance. Traders should review the platform's margin schedule before sizing positions.

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Key facts & how to trade

The essentials + how you access it on CoinUnited

Access & Tradability Comparison

A CoinUnited stock CFD vs holding the underlying shares — how, when, and in what form you get exposure. The stock price is everywhere; this comparison is the differentiator.

Terms	CoinUnited (CFD)	Holding shares (exchange)
Product form	Stock CFD (price exposure)	Equity ownership
Trading hours	Market session	Exchange regular hours
Leverage	Available (by product terms)	None / margin account needed
Shareholder rights	None (no voting; dividends as adjustment)	Voting + dividends
Access	Eligible users, by region + product	Brokerage account required

*Access and minimum vary by jurisdiction and product eligibility.

Nøkkelfakta

De mest siterte opplysningene om dette selskapet, hver med sin kilde - hurtigreferansen for lesere og AI-svarmotorer.

Hovedkontor	Dublin, WokingWikidata
Bransje	chemical industryWikidata
Noteringsstatus	Børsnotert: LINExchange
Markedsverdi	$237B (as of 2026-11-08)CoinUnited reference x SEC shares
P/E	~35.3CoinUnited reference / SEC annual EPS
52-ukers intervall	$388.44 – $562.55CoinUnited daily kline
Neste rapport	2027-02-03Finnhub
Kursreaksjon på siste rapport	-0.9% (1d), +3.4% (5d) — 2026-10-29CoinUnited daily kline
CoinUnited-produkt	Aksje-CFD - kun priseksponering, ikke aksjer (ingen stemmerett; utbytte gjenspeiles som justeringer); giring er tilgjengelig.CoinUnited produktvilkår

Pris & Markedsstruktur

24H Område: $524.58→$530.19

24H Lav

$524.58

24H Høy

$530.19

BID / ASK

$525.18 / $525.57

Laster diagram...

Company & financials

Business model + audited SEC financials

What Is Linde plc (LIN)?

TL;DR

Linde plc is the world's largest industrial gases company by market capitalization, trading near record highs in 2026 with a ~$221 billion market cap, a record $8.1 billion project backlog, and consistent double-digit EPS growth driven by semiconductor, healthcare, and energy demand.

Linde plc is a leading global industrial gases and engineering company, listed on Nasdaq under the ticker LIN and on Xetra (Frankfurt). It is widely regarded as the world's largest industrial-gases company, supplying oxygen, nitrogen, hydrogen, and other gases to industrial and healthcare customers worldwide.

By that measure, it ranks among the largest companies in the broader equities universe, and it is the dominant player in the global industrial gases industry.

The company was formed through the 2018 merger of Linde AG, a German gases and engineering group, and Praxair, a major U.S. industrial gases producer. That combination created an entity with both deep engineering capability and an extensive gas distribution network spanning every major region.

Core Business: What Linde Produces and Sells

Linde's primary activity is producing, distributing, and selling industrial, specialty, and medical gases.

Its product range includes atmospheric gases, oxygen, nitrogen, and argon, as well as process gases such as hydrogen, helium, and carbon dioxide, and a broad array of specialty gases used in electronics manufacturing, semiconductor fabrication, healthcare, food processing, and energy applications.

Alongside gas supply, Linde designs and builds gas-related engineering plants, which forms a smaller but strategically important second business line.

According to Linde's own results releases, the company generated approximately $34 billion in sales in full-year 2025. Financial data providers place the precise figure at $33.99 billion, with industrial gases accounting for roughly $30.42 billion of that total, around 90% of group revenue.

The Engineering segment contributed approximately $2.25 billion, with the remaining $1.32 billion classified under Other activities.

Geographic Revenue Structure

Linde organizes its industrial gases operations across three geographic segments. In FY2025, the Americas segment generated approximately $15.2 billion in sales, EMEA (Europe, Middle East, and Africa) contributed roughly $8.5 billion, and APAC (Asia-Pacific) added approximately $6.7 billion.

This geographic spread gives the company diversified exposure across economic cycles and regional demand patterns.

Segment	FY2025 Sales (approx.)
Americas	$15.2 billion
EMEA	$8.5 billion
APAC	$6.7 billion
Engineering	$2.3 billion
Other	$1.3 billion
Total	~$34 billion

Business Model: Contracts, On-Site Production, and Switching Costs

Linde's business model centers on long-term supply contracts, often spanning multiple decades, and on-site production facilities constructed at or near customer locations. When Linde builds a plant on a customer's site to supply gas directly into their operations, that customer faces significant logistical and capital costs to switch suppliers.

The arrangement generates predictable, recurring revenue streams and creates structural barriers to competition.

This model is well suited to capital-intensive end markets. Electronics and semiconductor manufacturers require ultra-high-purity gases delivered with guaranteed continuity. Hospitals and healthcare providers depend on medical-grade oxygen and specialty gases under strict regulatory standards. These characteristics reinforce the durability of Linde's revenue base.

Linde has further deepened this earnings visibility by committing approximately $1.8 billion in confirmed long-term take-or-pay semiconductor gas supply contracts, including investments in Arizona and Taiwan, the latter most likely tied to major semiconductor fab expansion.

Recent Financial Performance

As of October 2026, Linde's most recent quarterly results highlight continued growth. Q3 2026 revenue reached a record $9.404 billion, up 9% year-on-year. Net income for the quarter was $1.692 billion, and adjusted diluted earnings per share came in at a record $4.59, also up 9% year-on-year. Adjusted operating profit was $2.8 billion, with an adjusted operating margin of 29.4%.

CEO Sanjiv Lamba noted: *"Linde's financial performance continued to improve in the third quarter, with record sales of $9.4 billion and record EPS of $4.59, alongside strong operating cash flow of $3.2 billion."*

Electronics-market sales grew 15% year-on-year in Q3 2026, driven in part by rising demand for chip-making gases related to artificial-intelligence infrastructure investment. Following the strong quarter, Linde raised its full-year 2026 adjusted EPS guidance to $17.82–$17.92, representing 8%–9% growth. The company maintained its 2026 capital-expenditure guidance of $5.5 billion–$6.0 billion.

For Q4 2026, Linde guided adjusted diluted EPS of $4.40–$4.50, implying 5%–7% year-on-year growth.

Readers tracking how these results compare against broader 2026 stock market conditions may find the earnings trajectory notable given mixed performance across other industrial names.

On CoinUnited, LIN is available as a CFD instrument, providing leveraged price exposure to Linde plc's market performance without conferring shareholding, voting rights, or dividends.

Sist oppdatert: 2026-10-30

Nøkkelinnsikter

Linde's business model, long-term contracts and on-site gas production infrastructure, creates high customer switching costs and recurring revenue streams that are largely insulated from short-term commodity price swings.
The record $8.1 billion project backlog as of Q2 2026 provides multi-year earnings visibility, with semiconductor and advanced manufacturing wins in the Western U.S. representing a structural growth catalyst tied to the AI chip supercycle.
LIN has delivered approximately 15% year-to-date price appreciation in 2026, outpacing the broader S&P 500, while maintaining a trailing P/E of 31.52x, a premium that reflects the market's confidence in Linde's earnings quality and capital discipline.
The dual listing on Nasdaq and Xetra (Frankfurt) means LIN price action can be influenced by both U.S. and European trading sessions, creating pricing divergences that CFD traders can monitor across time zones.
Margin trajectory and capital expenditure intensity, including a $1 billion semiconductor facility investment, represent the central analytical tension for LIN investors: scale-driven earnings growth versus rising reinvestment requirements.

Key Financials

Audited · SEC filings

Reported figures from the company’s latest SEC filings — each linked to its source filing and period.

$9.40B

Quarterly revenue

Q3 2026 · SEC 10-Q

$1.69B

Net income

Q3 2026 · SEC 10-Q

37.0%

Gross margin

Q3 2026 · FMP

$3.66

Diluted EPS

Q3 2026 · SEC 10-Q

Quarterly revenue

$9.9B

$9.0B

$8.1B

$8.49BQ2 2025

$8.62BQ3 2025

~$8.76BQ4 2025

$8.78BQ1 2026

$9.29BQ2 2026

$9.40BQ3 2026

~ Q4 is not filed as a standalone quarter — it is the annual 10-K figure minus the three filed quarters.

Figures are from the company’s audited SEC filings; each carries its filing source and period. Not investment advice.

Machine-readable table — same figures, per-metric source

Metric	Value	Source
Quarterly revenue (Q3 2026)	$9.40B	SEC 10-Q
Net income (Q3 2026)	$1.69B	SEC 10-Q
Gross margin (Q3 2026)	37.0%	FMP
Diluted EPS (Q3 2026)	$3.66	SEC 10-Q

LIN vs. Peers: Market Position and Competitive Landscape

Linde plc holds the top position in the global industrial gases industry by revenue and market capitalization, operating within a tightly structured oligopoly alongside Air Liquide and Air Products and Chemicals.

As of October 2026, Linde's market capitalization remains the largest among publicly traded industrial gases companies, underpinned by FY2025 revenue of $34.0 billion and net income of $6.90 billion.

The Global Industrial Gases Oligopoly

The industrial gases sector is effectively controlled by three major players: Linde, France-headquartered Air Liquide, and Air Products and Chemicals (APD), a U.S.-listed company. These three firms dominate because the economics of the business make meaningful new entry extremely difficult.

Building an on-site gas production facility requires substantial capital, multi-year regulatory permitting, and physical integration into a customer's production process. Once that infrastructure is in place, the switching costs for customers are high.

New entrants face a compounding disadvantage: they must match incumbents on capital, technology, permitting expertise, and an established customer base simultaneously.

This structure creates durable revenue visibility for the three incumbents and has historically supported premium valuation multiples across the sector. According to IMARC Group, the global industrial-gases market grew from $113.9 billion in 2025 to $119.7 billion in 2026, with Linde, Air Liquide, and Air Products identified among the leading participants.

The market is projected to reach $163.4 billion by 2034, providing a long structural runway for all three incumbents.

Linde vs. Air Liquide: Scale and Listing Structure

Air Liquide is Linde's closest global rival in terms of business mix, covering atmospheric gases, specialty gases, healthcare, and industrial applications.

In October 2026, Air Liquide announced a €4 billion share-buyback program and set margin objectives under its 2030 strategy, with Jefferies estimating that its margin gap versus Linde could narrow by 2030 — a development worth monitoring for relative-value traders.

Linde's FY2025 revenue of $34.0 billion, up 3.0% from FY2024, places it clearly ahead of Air Liquide on a revenue basis when converted at prevailing exchange rates. Third-party estimates from Deep Val suggest Linde holds approximately 25%–28% of global industrial-gas revenue, compared with approximately 24%–26% for Air Liquide; these are analyst estimates rather than company-disclosed figures.

Both companies carry dual listings spanning European and U.S. capital markets. Linde trades on Nasdaq (LIN) as its primary listing and on Xetra (Frankfurt) as a secondary venue, with the Nasdaq listing driving higher daily dollar-volume turnover. Air Liquide's primary listing is on Euronext Paris (AI.PA).

The practical effect for traders is that Linde's Nasdaq listing provides liquidity depth comparable to large-cap U.S. technology and healthcare names, while the Xetra cross-listing gives European investors direct access without currency conversion at the brokerage level.

Linde vs. Air Products: Capital Discipline and Valuation

Air Products has pursued a more capital-intensive strategy in recent years, directing large sums into green hydrogen megaprojects. Linde, by contrast, has maintained tighter capital allocation discipline, prioritizing margin quality alongside growth.

That approach is reflected in Linde's latest results: Q3 2026 adjusted EPS of $4.59 beat consensus by $0.07, and revenue of $9.404 billion beat estimates by approximately $240 million — both metrics up 9% year-over-year. Most recently, quarterly sales reached $9.3 billion with a 29.5% adjusted operating margin, according to IMARC Group.

Following the Q3 beat, management raised full-year 2026 EPS guidance to $17.82–$17.92, representing 8–9% growth, although the Q4 midpoint guidance of $4.40–$4.50 sits modestly below the prevailing consensus, introducing a degree of near-term uncertainty.

Linde's confirmed $1.8 billion in long-term take-or-pay semiconductor gas contracts — approximately $1 billion for the Arizona Phoenix fab and approximately $800 million in Taiwan — directly reinforces multi-year earnings visibility without the execution risk associated with early-stage megaproject deployments.

FY2025 net income of $6.90 billion, up 5.1% from FY2024, and EPS of $14.69, up from $13.71 in FY2024, underscore the consistency of earnings compounding that differentiates Linde at the valuation level.

Wall Street Consensus and Analyst Positioning

As of October 2026, Wall Street analysts maintain a consensus Buy rating on LIN, with price targets above the prevailing share price.

The constructive view centers on three factors: the backlog conversion timeline for electronics and semiconductor projects, long-run demand growth in healthcare gases, and Linde's demonstrated ability to grow earnings per share through volume expansion and share repurchases.

The broader 2026 stocks market outlook remains relevant context, as sector rotation and interest rate sensitivity have influenced valuations across industrials.

Traders should note that LIN follows scheduled trading sessions and is closed at weekends and on market holidays; weekend gap risk is therefore a genuine consideration when positioning around earnings or macro events.

Peer Comparison Snapshot (As of October 2026)	Linde (LIN)	Air Liquide (AI.PA)	Air Products (APD)
FY2025 Revenue	~$34.0 billion	Not available	Not available
FY2025 Net Income	~$6.90 billion	Not available	Not available
Est. Global Revenue Share*	~25%–28%	~24%–26%	Not available
Primary Listing	Nasdaq	Euronext Paris	NYSE
Trailing EPS (FY2025)	$14.69	Not available	Not available
Analyst Consensus	Buy	Not available	Not available

*Third-party estimates (Deep Val); not company-reported figures.

Linde's combination of revenue scale, margin discipline — with an adjusted operating margin of 29.5% — long-duration take-or-pay semiconductor contracts, and a clear earnings growth trajectory positions it at the apex of the industrial gases sector entering the final quarter of 2026.

Why Trade LIN? Investment Thesis and Key Catalysts

Linde's investment case rests on three interlocking pillars: a record project backlog that provides multi-year earnings visibility, accelerating demand from semiconductor and electronics customers, and a growing structural position in the clean energy transition.

As of October 2026, those pillars are reflected in consistent earnings beats, raised full-year guidance, and year-to-date price appreciation that has outpaced the S&P 500.

Record Backlog as an Earnings Anchor

The most concrete measure of Linde's near-term growth visibility is its project backlog. As of Q3 2026, the contractual sale-of-gas (SOG) project backlog stood at $7.9 billion, according to Linde's Third-Quarter 2026 Results release.

That backlog translates into contracted future cash flow and reduces reliance on spot demand. For position traders, it provides a quantifiable buffer against near-term industrial cycle softness — projects already won and contracted cannot easily be unwound.

The composition of that backlog matters as much as its size. A substantial portion is tied to long-duration take-or-pay semiconductor gas contracts, including the previously announced commitments in Arizona and Taiwan, providing earnings visibility that extends well through the AI capital expenditure cycle.

Semiconductor Demand: The AI Chip Connection

The electronics and semiconductor segment is Linde's fastest-growing end market. In Q3 2026, electronics-sector sales grew 15% year over year, according to Reuters, driven by demand for the ultra-high-purity gases used in advanced-node chip fabrication.

Semiconductor manufacturing requires continuous, high-purity supplies of nitrogen, oxygen, hydrogen, and specialty process gases. As advanced-node chip capacity expands to meet AI processor demand, Linde captures that growth as an infrastructure-layer supplier, upstream of the chip makers themselves.

Traders positioning around the Defense, AI & Rare Earth Mega-Partnership Wave theme may find LIN offers a less volatile, gas-infrastructure angle on the same underlying trend.

Q3 2026 Earnings Beat and 2026 Guidance

Linde's Q3 2026 results, reported October 29, 2026, confirmed the growth trajectory. Key figures from Reuters and Linde's official release:

Metric	Q3 2026	Year-on-Year Change
Sales	$9.4 billion	+9%
Adjusted diluted EPS	$4.59	+9%
Operating cash flow	$3.2 billion	+8%
Electronics sales growth	—	+15%

Following the Q3 beat, Linde raised its full-year 2026 adjusted EPS guidance to $17.82–$17.92 per share, implying approximately 8–9% earnings growth versus 2025, according to Reuters. For Q4 2026, management guided to adjusted EPS of $4.40–$4.50 — up 5–7% year over year — while assuming no underlying economic improvement and a currency headwind.

The Q4 guide came in below consensus of approximately $4.55, introducing a degree of near-term volatility risk that active traders should account for.

For the broader equity context informing that relative performance, see the 2026 Stocks Market Outlook.

Clean Energy: The Long-Duration Structural Catalyst

Beyond the semiconductor cycle, Linde carries a structural growth option in clean energy. A significant portion of the SOG backlog remains tied to clean-energy applications — hydrogen production, carbon capture, and renewable energy projects — representing decade-scale contracts whose revenues will compound into the 2030s.

Green hydrogen production in particular requires electrolyzers, storage, and distribution systems where Linde's engineering and gas-handling capabilities are directly applicable. These long construction timelines mean revenue from clean-energy contracts signed today provides durable forward earnings visibility.

Key Catalysts to Monitor

-Quarterly earnings releases: LIN has beaten consensus in recent quarters; a Q4 miss relative to the $4.40–$4.50 guidance range would likely be punished at current valuation multiples.
-Large project announcements: New semiconductor or hydrogen contracts signal backlog growth and future revenue.
-Capital expenditure guidance updates: Full-year 2026 capex is guided at $5.5–$6.0 billion. Upward revisions support growth; downward revisions may signal backlog delays.
-Industrial production indicators: Linde's volumes track global manufacturing activity; softness in industrial output compresses volume growth, and weaker European industrial activity is a specifically identified risk.
-Hydrogen policy developments: Government infrastructure programs in the U.S. and Europe affect the pace of clean-energy project FIDs (final investment decisions).

Primary Risk Factors

The investment thesis carries identifiable risks. Margin pressure in U.S. healthcare and home-care operations — particularly the Lincare business — has been a recurring theme in analyst commentary. The capex intensity required to convert backlog into revenue, $5.5–$6.0 billion guided for 2026, compresses near-term free cash flow even as future revenues are secured.

Weaker European industrial activity represents a specific volume headwind. Cyclical exposure means a global production slowdown would reduce volume growth more broadly.

Valuation is the most direct constraint for active traders. At elevated multiples, the stock prices in consistent execution.

A Q4 earnings miss or guidance cut — the pattern examined in the Q2 Earnings Miss: Multi-Sector Repricing theme — would remove the premium quickly, as any derating toward sector multiples represents meaningful downside from current levels.

Leveraged Exposure via CFD on CoinUnited

The CFD confers price exposure only; it does not represent share ownership, voting rights, or dividend entitlement. LIN follows a scheduled trading session and is closed at weekends and on market holidays. Weekend gap risk is therefore a real consideration: positions held into a Friday close can open Monday at a materially different price, with no ability to manage the trade in the interim.

Trading fees are tiered by 30-day contract volume — reaching 0.000% only at VIP 9, while standard-tier traders pay a rate above zero. Review the current schedule at the CoinUnited fee schedule before sizing positions.

A worked example illustrates the mechanics of leverage:

Parameter	Value
Margin deposited	$100
Leverage applied	100x
Notional exposure controlled	$10,000
1% price move in LIN	+/– $100 (100% of margin)

LIN CFDs are available with leverage up to 1000x, though the maximum available depends on product, jurisdiction, and account eligibility.

At elevated leverage, even modest percentage moves in the underlying produce proportionally larger gains or losses relative to margin, and positions can be liquidated rapidly on adverse moves — particularly around catalyst events such as earnings releases or major contract announcements, when gap moves are most probable.

Valuation & peers

Multiples vs peers + third-party analyst targets

Peer Valuation Comparison

How this stock trades versus comparable listed companies on trailing valuation multiples.

Company	Market cap	P/E	P/S
Linde plc · LIN	$234.6B	32.7x	6.6x
L'Air Liquide S.A. · AIQUY	$124.1B	29.9x	4.1x
Air Products and Chemicals, Inc. · APD	$68.4B	—	5.4x
Nippon Sanso Holdings Corporation · TYNPF	$15.6B	16.9x	1.7x

Third-party ratios (FMP), trailing twelve months. Multiples vary by data window; a negative or absent P/E means the company is loss-making. Not investment advice.

Analyst Price Targets

Buy

Wall Street sell-side analysts’ consensus 12-month price target and rating for this stock.

Consensus target

$558.00+8.3%

Target range

$525.00 – $583.00

Price-target coverage

10 analysts

Analyst ratings (30)

Buy 27Hold 3Sell 0

Targets by firm

Latest target from each of the 10 firms whose call was reported in the past 180 days. Each row links to the report.

Firm	Target	vs current
KeyBanc2026-10-30 · StreetInsider	$545.00	+5.8%
Mizuho Securities2026-10-29 · TheFly	$583.00	+13.1%
RBC Capital2026-10-15 · TheFly	$549.00	+6.5%
Barclays2026-10-12 · TheFly	$577.00	+12.0%
UBS2026-10-05 · TheFly	$574.00	+11.4%
Argus Research2026-09-28 · TheFly	$538.00	+4.4%
Bernstein2026-09-11 · StreetInsider	$563.00	+9.3%
Goldman Sachs2026-08-10 · TheFly	$580.00	+12.6%
BMO Capital2026-08-10 · TheFly	$546.00	+6.0%
Evercore ISI2026-07-10 · TheFly	$525.00	+1.9%

Source: aggregated sell-side analyst consensus · as of 2026-11-08. These are third-party analyst opinions — not CoinUnited’s view, not a price prediction, and not investment advice.

Scenario calculator

Pick a third-party reference level and see what it implies at leverage. Reference levels only - not a CoinUnited forecast.

Scenario price

$388.44

-26.1% vs current

Your margin (USD)Leverage

Position size $100,000.00

P&L at this scenario (long)

-$1,000.00

Liquidated - margin lost in full

Liquidation price (long): $520.12 — a move of -1.0%

Handle LIN nå

Simplified: excludes fees, funding and slippage. Reference levels are third-party marks (CoinUnited daily kline; aggregated sell-side analyst targets), not forecasts. Leverage magnifies losses as much as gains - at high leverage a small adverse move liquidates the position. Not investment advice.

Catalysts & news

Dated third-party developments · newest first

Catalyst Timeline

Dated third-party developments that move the stock — newest first, each classified bullish or bearish and linked to its source.

2026-10-29
Next quarterly earnings◆ Scheduled
Next scheduled quarterly earnings report (2026-10-29). Revenue, margins and guidance are the near-term driver; the outcome is not known in advance.
Finnhub
2026-07-31
Linde guides Q3 EPS growth 6-8%▲ Bullish
We’re reiterating our buy-equivalent 1 rating and price target of $550. Guidance For the ongoing third quarter, Linde expects adjusted EPS in the range of $4.45 to $4.55, implying 6% to 8% growth.
CNBC
2026-07-31
Linde raises 2026 EPS guidance▲ Bullish
Linde now expects 2026 adjusted earnings of $17.70 to $17.90 per share, having previously guided for $17.60 to $17.90 ⁠per share.
Reuters
2025-08-01
Linde EPS beat forecast at $4.09▲ Bullish
Adjusted earnings per share increased by over 6% year-on-year to $4.09, also exceeding the anticipated $4.03, according to LSEG.
CNBC
2025-08-01
Linde beats Q2 forecast on pricing▲ Bullish
On August 1, Linde, recognized as the largest industrial gases provider globally, announced its quarterly earnings that surpassed market forecasts, attributing this success to increased pricing and productivity measures implemented across…
Reuters

Machine-readable table — same developments, with source

Recent third-party developments classified bullish / bearish for the stock; verbatim, sourced.

Date	Development	Direction	Source
2026-10-29	Next scheduled quarterly earnings report (2026-10-29). Revenue, margins and guidance are the near-term driver; the outcome is not known in advance.	◆ Scheduled	Finnhub
2026-07-31	We’re reiterating our buy-equivalent 1 rating and price target of $550. Guidance For the ongoing third quarter, Linde expects adjusted EPS in the range of $4.45 to $4.55, implying 6% to 8% growth.	▲ Bullish	CNBC
2026-07-31	Linde now expects 2026 adjusted earnings of $17.70 to $17.90 per share, having previously guided for $17.60 to $17.90 ⁠per share.	▲ Bullish	Reuters
2025-08-01	Adjusted earnings per share increased by over 6% year-on-year to $4.09, also exceeding the anticipated $4.03, according to LSEG.	▲ Bullish	CNBC
2025-08-01	On August 1, Linde, recognized as the largest industrial gases provider globally, announced its quarterly earnings that surpassed market forecasts, attributing this success to increased pricing and productivity measures implemented across…	▲ Bullish	Reuters

Viktige punkter

•Linde's business model, long-term contracts and on-site gas production infrastructure, creates high customer switching costs and recurring revenue streams that are largely insulated from short-term commodity price swings.
•The record $8.1 billion project backlog as of Q2 2026 provides multi-year earnings visibility, with semiconductor and advanced manufacturing wins in the Western U.S. representing a structural growth catalyst tied to the AI chip supercycle.
•LIN has delivered approximately 15% year-to-date price appreciation in 2026, outpacing the broader S&P 500, while maintaining a trailing P/E of 31.52x, a premium that reflects the market's confidence in Linde's earnings quality and capital discipline.
•The dual listing on Nasdaq and Xetra (Frankfurt) means LIN price action can be influenced by both U.S. and European trading sessions, creating pricing divergences that CFD traders can monitor across time zones.
•Margin trajectory and capital expenditure intensity, including a $1 billion semiconductor facility investment, represent the central analytical tension for LIN investors: scale-driven earnings growth versus rising reinvestment requirements.

Ownership

Top institutional holders (SEC Form 13F)

Top Institutional Holders

SEC 13F

The largest institutional shareholders, from SEC Form 13F filings — who holds the stock and how much.

Institution	Shares	Value	% of shares
BlackRock, Inc.	36.9M	$18.3B	8.03%
Vanguard Capital Management LLC	30.2M	$15.0B	6.59%
State Street Corp.	19.6M	$9.7B	4.27%
Capital Research Global Investors	16.1M	$8.0B	3.50%
Vanguard Portfolio Management LLC	12.3M	$6.1B	2.68%
Geode Capital Management, LLC	11.8M	$5.9B	2.58%
FMR LLC	9.0M	$4.5B	1.96%
Morgan Stanley	7.4M	$3.6B	1.60%
JPMorgan Chase & Co.	6.3M	$3.1B	1.36%
Massachusetts Financial Services Co.	4.8M	$3.0B	1.04%

Source: SEC Form 13F filings · 2235 institutional holders · as of 31-MAR-2026. 13F data is quarterly and lagged (filed ~45 days after quarter-end) and covers US institutional managers (>$100M AUM) only — not insiders, retail, or foreign holders. Not investment advice.

Understand the risks

Read before trading

Trading Risks

An honest, up-front list of the risks — both out of respect for the trader and as a YMYL compliance requirement.

Leverage / Liquidation

High leverage means a small adverse move can trigger forced liquidation and loss of your full margin.

High-valuation volatility

A high P/E stock is very sensitive to interest-rate and narrative shifts; swings can be large.

Session gaps

After-hours and weekend gaps; extended-hours liquidity is thinner than the regular session.

Basis risk

The CFD reference price can diverge from the exchange execution price.

Earnings volatility

Price swings widen around earnings dates and other scheduled disclosures.

Regulatory / event

Recalls, policy changes, or company-specific events can cause sharp moves.

Reference

FAQ & glossary

Ofte stilte spørsmål

Linde plc is one of the world's largest industrial gases and engineering companies, producing and distributing atmospheric gases such as oxygen, nitrogen, and argon, as well as process gases including hydrogen, carbon dioxide, helium, and a range of specialty and electronic gases. These products serve manufacturing, electronics and semiconductor fabrication, healthcare, energy, and food processing industries, among others. Linde also designs and builds gas production plants and pipeline distribution systems for industrial customers. The business model centers on long-term supply contracts, often spanning multiple decades, and on-site production facilities installed directly at customer locations. This structure creates recurring revenue streams and high switching costs for customers. Full-year 2025 sales were approximately $34 billion, reflecting the company's substantial scale across its global operations. Electronics and healthcare represent two of Linde's fastest-growing end markets as of 2026.

Ordliste

Sentrale begreper for børsnoterte aksjer og CFD-er, ett per linje, slik at siden blir entydig både for lesere og for AI-svarmotorer.

Aksje-CFD	En differansekontrakt på en aksjekurs: kun priseksponering, ikke eierskap til de underliggende aksjene.
Utvidede handelstider	Handel før åpning og etter stenging, utenfor børsens ordinære sesjon.
Basisrisiko	Risikoen for at CFD-ens referansepris og børsens sluttpris ikke beveger seg i takt.
P/E	Pris/fortjeneste = aksjekurs / fortjeneste per aksje; et vanlig verdsettelsesmål.
Bruttomargin	Bruttofortjeneste / inntekter; gjenspeiler lønnsomheten på produktnivå.
Fortjeneste per aksje	Fortjeneste per aksje = nettoresultat / utvannet antall utestående aksjer.

symbol

LIN

Markeder

Aksjer

Sektor

General

CU-produktkode

LIN

Source Map

Every figure on this page traces to a primary or named third-party source. "As of" dates the source; "last checked" dates our most recent read of it.

Every figure here is also published as machine-readable data, and re-checked on a schedule so a stale one shows up as stale. View the raw data

Field	Value	Source	As of	Last checked
Reference price	live	CoinUnited stock CFD reference (live)	—	—	—
Market cap	$237B	CoinUnited reference x SEC shares	2026-11-08	2026-11-08	—
P/E	~35.3	CoinUnited reference / SEC annual EPS	—	2026-11-08	—
52-week range	$388.44 – $562.55	CoinUnited daily kline	—	2026-11-08	—
Next earnings	2027-02-03	Finnhub	—	2026-11-08	—
Quarterly revenue	$9.40B	SEC 10-Q	Q3 2026	2026-11-08	View
Net income	$1.69B	SEC 10-Q	Q3 2026	2026-11-08	View
Gross margin	37.0%	FMP	Q3 2026	2026-11-08	View
Diluted EPS	$3.66	SEC 10-Q	Q3 2026	2026-11-08	View
Institutional ownership	10 top holders	SEC Form 13F	31-MAR-2026	2026-11-08	View
Analyst price targets	$558.00 consensus	Aggregated sell-side analyst consensus	2026-11-08	2026-11-08	—
Peer valuations	4 peers	Third-party ratios (FMP), trailing twelve months	2026-10-25	2026-10-25	—
Headquarters	Dublin, Woking	Wikidata	—	2026-11-08	—
Industry	chemical industry	Wikidata	—	2026-11-08	—
CoinUnited product	Stock CFD — price exposure, not equity (no voting; dividends reflected as adjustment); leverage available	CoinUnited product terms	—	2026-11-08	—

Om Forfatteren

CoinUnited.io Research Team

This Linde plc page is compiled by CoinUnited.io's research team: analysts covering listed equities and global markets, working from primary filings and named third-party data rather than opinion.

Vår Forskningsmetodikk

Every figure is traced to a primary or named third-party source and dated: financial statements from the company’s SEC filings, institutional ownership from Form 13F, analyst targets from aggregated third-party coverage, and market data from the CoinUnited reference price. The Source Map on this page lists each one with its source and the date we last checked it.

Disclaimer: content is for informational and educational purposes only and is not personalized financial advice. A stock CFD carries significant risk and provides price exposure only, not equity ownership. Always conduct your own research and consult a qualified financial advisor.

Ansvarsfraskrivelser og referanser

Viktig risikoansvarsfraskrivelse

A CoinUnited stock CFD gives price exposure to Linde plc only, not equity ownership: no shareholder voting rights, no dividends, and no settlement in the underlying share.

Leverage magnifies losses as well as gains, and a position can be liquidated long before the underlying share price recovers. The underlying listing trades on exchange hours, so the reference price can gap between sessions.

Brukere bør gjennomføre egen research og rådføre seg med kvalifiserte finansielle eksperter før de tar investeringsbeslutninger. Skaperne og operatørene av denne plattformen påtar seg intet ansvar for eventuelle finansielle tap eller andre skader som kan oppstå ved å stole på den oppgitte informasjonen.

Leveraged trading is extremely risky and you may lose your entire deposit.

Metodikkoversikt

Figures on this page are compiled from primary and named third-party sources, not produced by a forecasting model. Each one carries its source and date in the Source Map above.

Financial statements: the company’s own SEC filings (10-K / 10-Q), read from XBRL
Market data: the CoinUnited reference price and daily closes
Institutional ownership: SEC Form 13F quarterly filings
Analyst targets: aggregated third-party sell-side coverage — third-party opinion, not CoinUnited’s view
Peer multiples: third-party trailing-twelve-month ratios

CoinUnited does not publish a price forecast or target for Linde plc.

Siste metodikkgjennomgang: