AMETEK Q1 adjusted EPS beats expectations; outlook raised

Ametek

30/04/2026 12:04

Overview

U.S. industrial technology firm's Q1 sales rose 11%, slightly beating analyst expectations

Adjusted EPS for Q1 increased 13%, beating analyst consensus

Company raised full-year adjusted EPS guidance to 7%-10% growth over 2025

Outlook

AMETEK raises 2026 full-year adjusted EPS guidance to $7.94-$8.14

Company expects 2026 overall sales to be up high single digits vs 2025

AMETEK sees Q2 adjusted EPS between $1.96 and $2.00

Result Drivers

ORGANIC SALES GROWTH - Co said strong organic sales growth was a key driver of Q1 results

RECENT ACQUISITIONS - Recent acquisitions contributed to sales and margin growth, per CEO David Zapico

BROAD-BASED END MARKET DEMAND - Co reported strong and broad-based end market demand, with record orders and backlog

Company press release: ID:nPn5rWD66a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Beat*
$1.93 bln
$1.92 bln (15 Analysts)
Q1 Adjusted EPS
Beat
$1.97
$1.90 (17 Analysts)
Q1 EPS
$1.74
Q1 Net Income
$399.36 mln
Q1 Basic EPS
$1.74
Q1 Operating income
$514.94 mln
Q1 Pretax Profit
$492.98 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for AMETEK Inc is $259.00, about 13.7% above its April 29 closing price of $227.87

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 26 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)