AMETEK beats Q2 sales and adjusted EPS estimates, raises 2026 outlook

Ametek

04/08/2026 12:16

Overview
US industrial technology firm's Q2 sales rose 15%, beating analyst expectations
Adjusted EPS for Q2 rose 17% and beat analyst expectations
Company raised full-year 2026 adjusted EPS guidance

Outlook
AMETEK raises 2026 adjusted EPS guidance to $8.20-$8.30 from $7.94-$8.14
Company expects 2026 sales to rise about 10% versus 2025
AMETEK sees Q3 adjusted EPS between $2.08 and $2.10

Result Drivers
ORGANIC SALES GROWTH - Co said strong organic sales growth contributed to Q2 results
ACQUISITIONS - Co said recent acquisitions contributed to sales growth and margin expansion
ORDERS GROWTH - Co said Q2 orders were exceptional, with notable strength in semiconductor, commercial aerospace, medtech, defense and automation markets

Company press release: ID:nPn4pw7yka

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$2.04 bln
$1.95 bln (16 Analysts)
Q2 Adjusted EPS
Beat
$2.09
$1.99 (17 Analysts)
Q2 EPS
 
$1.77
 
Q2 Net Income
 
$406.90 mln
 
Q2 Basic EPS
 
$1.78
 
Q2 Operating income
 
$528.19 mln
 
Q2 Pretax Profit
 
$492.37 mln
 

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 $262.00, about 7.5% above its August 3 closing price of $243.77
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 28 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.)