Ametek 8-K
PositiveEarningsGuidance raised
Broad-based organic growth and the Indicor acquisition drive record sales and lift FY2026 adjusted EPS guidance to $8.53-$8.57
Filed 2026-11-03 10:28 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results with Q4 and raised FY2026 guidance. Broad-based organic growth and recent acquisitions, including the completed acquisition of Indicor Instrumentation, a group of differentiated industrial technology businesses, drove record sales, up 17% Y/Y, and adjusted operating income, up 20% Y/Y.
Q4 sales growth is expected in the low 20% range Y/Y vs +17% in Q3; adjusted EPS growth is expected at 12%-14% Y/Y vs +17% in Q3. FY2026 adjusted EPS guidance rose to $8.53-$8.57 from $8.20-$8.30, reflecting Q3 results, the Q4 outlook and the expected contribution from Indicor.
Key Figures
| Metric | Q3 2026 | 9M 2026 |
|---|---|---|
| Revenue | $2.22B, +17% Y/Y | $6.19B, +15% Y/Y |
| Operating income, GAAP | $585M, +20% Y/Y | $1.63B, +16% Y/Y |
| Operating income, adjusted non-GAAP | $595M, +20% Y/Y | — |
| Net income | $426M, +15% Y/Y | $1.23B, +14% Y/Y |
| Diluted EPS, GAAP | $1.85, +16% Y/Y | $5.36, +15% Y/Y |
| Diluted EPS, adjusted non-GAAP | $2.21, +17% Y/Y | — |
| Operating cash flow | $561M, +27% Y/Y | — |
| Free cash flow, non-GAAP | $527M, +26% Y/Y | — |
- Electronic Instruments Group sales were $1.44B, +16% Y/Y; adjusted operating income was $415M, +15%, and core operating margin was 29.5%, up 60 bp.
- Electromechanical Group sales were $778M, +20% Y/Y; adjusted operating income was $212M, +29%, and core operating margin was 27.5%, up 210 bp.
- At 9/30/2026, cash was $666M vs $458M at 12/31/2025; total debt, at net carrying amount, was $6.67B vs $2.28B.
Against earlier guidance (derived from earlier filings)
| Metric | Period | Earlier guidance | Actual | Result |
|---|---|---|---|---|
| Diluted EPS (GAAP) | Q3 2026 | $1.85–$1.87 | $1.85 | in line |
| Adjusted EPS (non-GAAP) | Q3 2026 | $2.08–$2.10; +10% to +11% Y/Y | $2.21 | beat |
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Sales growth | Q4 2026 | Up in the low 20% range Y/Y | — | — |
| Diluted EPS, GAAP | Q4 2026 | $1.93-$1.97 | — | — |
| Diluted EPS, adjusted non-GAAP | Q4 2026 | $2.26-$2.30; up 12%-14% Y/Y | — | — |
| Sales growth | FY2026 | Up mid-teens vs 2025 | — | — |
| Diluted EPS, GAAP | FY2026 | $7.29-$7.33 | — | — |
| Diluted EPS, adjusted non-GAAP | FY2026 | $8.53-$8.57 | $8.20-$8.30 | Raised |
Guidance changes, derived from earlier filings
| Metric | Period | Earlier guidance | Guidance now | Change |
|---|---|---|---|---|
| Diluted EPS, GAAP | FY2026 | $7.19–$7.29 | $7.29-$7.33 | raised |
| Diluted EPS, adjusted non-GAAP | FY2026 | $8.20–$8.30; +10% to +12% Y/Y | $8.53-$8.57 | raised |
Investor Takeaways
- Track whether broad-based organic sales and orders growth continues across both groups; sustained growth would support the business momentum underpinning the outlook.
- Watch the contribution from Indicor as AMETEK incorporates the acquired businesses into results.
The summary is written by an AI model reading the filing.
Model 005 · prompt v173 · 2026-11-03 15:33:48Z