CLAIM #36387 · Linde plc Ordinary Shares (LIN) · 2025Q4 earnings call · Feb 5, 2026 · due Dec 31, 2026
“On helium impact, just on 2026, I see nothing different. Helium is gonna be long in the medium term at least.”
Sanjiv Lamba · CEO
How to check this claim
Look at: Helium pricing trend (year-over-year change) and market supply/demand balance commentary
It came true if: Helium pricing remains negative (high single-digit or similar) year-over-year, with no reported dramatic shift in supply/demand balance during 2026
Where: Management commentary on quarterly earnings calls (segment/pricing discussion) through fiscal 2026
In context
“about the manufacturing developments playing out in The US particularly. Yes. We have more conversations with customers. You know, the reassuring near-shoring kind of efforts that we've been talking about for some time, continue to progress. Semiconductors are well ahead, as you know. But other sectors and markets moving forward as well. So I'd just say you know, it's a bit early to call, think the next couple of months will give us a much better view. But, you know, there is some potential for a very resilient US market to see some good growth probably towards the end of this year or the back end of this year anyway. And anything before that, you know, we'd be thrilled as you know, we would able to get the tailwind that may make a really strong impact on our earnings should that happen. On helium impact, just on 2026, I see nothing different. Helium is gonna be long in the medium term at least. But I'd say to you, again, as a reminder, Jeff, and you know this well, helium is a low single-digit business for us when we look at the overall portfolio. I think you're aware that pricing has been high single-digit negative on helium for a few quarters now. I'm not seeing anything change dramatically in the helium space. There are differences across the world. You know, if you need regional differences, that is. China, clearly, long seeing the impact of the Russian helium coming into that market. And in some ways leaking out a little bit to other markets from there as well. Whereas the other markets in Europe and The US or Americas, probably a little bit more balanced from that perspective. You might also be aware that we made an investment, a couple of investments in one in the cabin,”
Verify independently
SEC filings for LIN ↗ · Claim quote is verbatim from the 2025Q4 earnings call.