AMETEK reported record second-quarter 2026 results with revenue of $2.04 billion and GAAP diluted EPS of $1.77; adjusted diluted EPS was a record $2.09. Operating income was a record $528.2 million and adjusted operating income was $544.4 million, with operating margins expanding to 26.6%. The company raised full-year 2026 adjusted EPS guidance to $8.20–$8.30 and expects sales up ~10% versus 2025.

Financial Highlights

  • Revenue: Net sales of $2,044,397 thousand for the three months ended June 30, 2026 (up 15% vs. Q2 2025).
  • Operating income: GAAP operating income of $528,193 thousand for the quarter; adjusted operating income of $544,397 thousand.
  • Net income: GAAP net income of $406,896 thousand for the quarter.
  • Adjusted diluted EPS: $2.09 per diluted share for the quarter (GAAP diluted EPS $1.77).
  • Cash flow and conversion: Cash provided by operating activities $483,693 thousand; free cash flow $451,681 thousand and free cash flow conversion 111%.

Business Highlights

  • Segment performance: Electronic Instruments Group (EIG) sales $1,321,153 thousand (up 14% year-over-year) with adjusted segment operating income $384,718 thousand and core margin expansion to 30.1%.
  • Electromechanical Group (EMG) sales a record $723,244 thousand (up 17% year-over-year) with adjusted segment operating income $190,525 thousand and margin improvement to ~26.2% (core margin +290 basis points).
  • Order trends: Orders grew an exceptional 28% in the quarter, with notable strength in semiconductor, commercial aerospace, medtech, defense and automation end markets.
  • Operational execution: Management cited balanced growth between organic demand and recent acquisitions, driving 110 basis points of core margin expansion and record operating performance.
  • Outlook and model: Company reiterated its Growth Model and raised FY26 adjusted EPS outlook to $8.20–$8.30 while expecting overall sales growth of approximately 10% versus 2025 and Q3 adjusted EPS of $2.08–$2.10.

Original SEC Filing:

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