AMETEK Reports Record Q3 2026 Results and Raises Full-Year Guidance

Executive Summary

On November 3, 2026, AMETEK, Inc. (NYSE: AME) filed a Form 8-K under Item 2.02 reporting record financial performance for the third quarter ended September 30, 2026, and raised its full-year 2026 financial guidance. Growth was driven by solid organic sales across both operating groups, margin expansion, and contributions from strategic acquisitions, notably the recent addition of Indicor Instrumentation.

---

Key Financial Highlights

Third Quarter 2026 Results

• Net Sales: Reached a record $2.22 billion, representing a 17.3% increase from $1.89 billion in Q3 2025.
• GAAP Diluted EPS: Record $1.85, compared to $1.60 in the prior-year period (+15.6%).
• Adjusted Diluted EPS: Record $2.21, up 17.0% year-over-year, after adding back $0.36 per share in acquisition-related intangible amortization and integration costs.
• Operating Income:
  • GAAP Operating Income: $584.9 million (vs. $488.4 million in Q3 2025).
  • Adjusted Operating Income: $594.7 million (+20% YoY); adjusted operating margin rose 60 basis points to 26.8%.
• Cash Flow: Operating cash flow rose 27% to $560.6 million, with a free cash flow-to-net income conversion rate of 124%.

---

Segment Breakdown

1. Electronic Instruments Group (EIG):

   • Sales: $1.44 billion, up 16% YoY.
   • GAAP Operating Income: $406.7 million.
   • Adjusted Operating Income: $414.6 million (+15% YoY) with core margin expansion of 60 basis points.

2. Electromechanical Group (EMG):

   • Sales: $778.0 million, up 20% YoY.
   • GAAP Operating Income: $210.0 million.
   • Adjusted Operating Income: $212.0 million (+29% YoY) with operating margins of 27.2% and core margin expansion of 210 basis points.

---

Guidance Update

• Full-Year 2026 Outlook:
  • Sales Growth: Expected to be up mid-teens on a percentage basis compared to FY 2025.
  • Adjusted EPS: Raised to a range of $8.53 to $8.57 (up ~15% YoY), compared to prior guidance of $8.20 to $8.30.
• Fourth Quarter 2026 Outlook:
  • Sales Growth: Projected up in the low 20% range vs. Q4 2025.
  • Adjusted EPS: Anticipated between $2.26 and $2.30, representing 12% to 14% growth year-over-year.