Fortive reported second-quarter 2026 continuing-operations results with revenue of $1.10 billion, GAAP diluted EPS of $0.51 and adjusted diluted EPS of $0.74. The company saw core revenue growth accelerate to 6.7% and raised full-year 2026 adjusted EPS guidance to $2.95–$3.05. Fortive also repurchased approximately $200 million of shares in Q2 and highlighted progress on its Fortive Accelerated strategy.

Financial Highlights

  • Revenue: $1,097M for Q2 2026, up 7.9% year-over-year (reported); core revenue up 6.7%.
  • Gross profit: $695.3M for the quarter (as reported in consolidated statements).
  • Operating income (continuing operations): Operating profit of $209.9M in Q2 2026.
  • Net income: GAAP net earnings from continuing operations $157M for Q2 2026; GAAP net earnings margin 14.3%.
  • Earnings per share: GAAP diluted EPS $0.51 and adjusted diluted EPS $0.74 for Q2 2026; raised FY 2026 adjusted EPS guidance to $2.95–$3.05.

Business Highlights

  • Core growth acceleration: Management reported acceleration in core revenue growth to 6.7% and cited early benefits from investments in innovation, commercial acceleration, and recurring customer value.
  • Segment performance: Intelligent Operating Solutions revenue $758M (up 8.8% reported / 7.4% core) with operating margin of 26.8%; Advanced Healthcare Solutions revenue $339M (up 6.0% reported / 5.3% core) with operating margin of 11.3%.
  • Fortive Accelerated strategy: Company stated progress across three pillars—profitable organic growth powered by Fortive Business System enhancements, disciplined capital allocation, and investor trust initiatives.
  • Capital allocation activity: Completed ~ $200M of share repurchases in Q2 (≈3 million shares), totaling ~ $2 billion repurchased over the last four quarters (~38 million shares, ~11% of shares outstanding).
  • Cash flow and liquidity actions: Reported Q2 GAAP operating cash flow of $299M and trailing twelve months free cash flow of $1,044M while executing on repurchases and debt management noted in balance sheet and cash flow activity.

Original SEC Filing:

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