AMETEK Raises 2026 Outlook as Q3 Adjusted EPS Climbs 16.9% to Record $2.21
AMETEK raised its full-year earnings outlook on Tuesday after posting record third-quarter results, with sales up 17.3% to $2.22 billion and adjusted earnings up 16.9% to $2.21 per share.
The industrial technology company now expects 2026 adjusted earnings of $8.53 to $8.57 per diluted share, up from its prior range of $8.20 to $8.30, according to the earnings release it filed with an 8-K. That lifts the midpoint 3.6%. AMETEK said the increase reflects its third-quarter results, its fourth-quarter outlook and the expected contribution from its acquisition of Indicor Instrumentation, which closed during the quarter.
Record sales and profit
Net sales climbed to $2,220.3 million from $1,892.6 million a year earlier. GAAP net income rose 14.8% to $426.3 million, or a record $1.85 per diluted share, up 15.6% from $1.60.
Adjusted earnings, which add back acquisition-related intangible amortization and transaction and integration costs, rose to $2.21 per share from $1.89.
Adjusted operating income increased 19.9% to a record $594.7 million, and adjusted operating margin widened 60 basis points to 26.8%. Operating cash flow jumped 27.2% to $560.6 million, and free cash flow came in at $527.4 million, 124% of net income.
"AMETEK delivered outstanding results in the third quarter," Chairman and CEO David A. Zapico said in the release, citing "continued strong organic sales and orders growth, contributions from recent acquisitions, and tremendous operating performance."
Both segments set records
The Electronic Instruments Group, AMETEK's larger unit, grew sales 15.7% to a record $1.44 billion. Its adjusted operating income rose 15.1% to $414.6 million.
The Electromechanical Group was the faster grower. Sales rose 20.4% to a record $778.0 million, and adjusted operating income jumped 29.3% to $212.0 million, lifting adjusted margin to 27.2% from 25.4%.
Fourth-quarter outlook
For the fourth quarter, AMETEK expects overall sales to rise in the low 20% range from a year earlier, with adjusted earnings of $2.26 to $2.30 per share, up 12% to 14%. On a GAAP basis, it forecast fourth-quarter diluted earnings of $1.93 to $1.97 per share and full-year GAAP earnings of $7.29 to $7.33.
For the full year, the company expects sales to rise by a mid-teens percentage over 2025. It put adjusted earnings growth for the year at an estimated 15%, the company said.
Dividends were $0.34 per share in the quarter, up from $0.31 a year earlier.
By the numbers
- Sales: $2.22 billion, up 17.3%
- GAAP EPS: $1.85, up 15.6%
- Adjusted EPS: $2.21, up 16.9%
- Adjusted operating margin: 26.8%, up 60 basis points
- 2026 adjusted EPS guidance: $8.53 to $8.57, from $8.20 to $8.30
- Q4 adjusted EPS guidance: $2.26 to $2.30
Sources
- AMETEK, Inc. Form 8-K with third-quarter 2026 earnings release, filed Nov. 3, 2026 (accession 0001037868-26-000194)
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