AMETEK, Inc.

(New York Stock Exchange)
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Somewhat Bullish +50

Ametek (AME) Q1 Earnings and Revenues Top Estimates

AI-generated analysis

📊 AMETEK (AME) reported first-quarter 2026 earnings of $1.97 per share, beating the consensus estimate by 3.7% and growing 12.6% year-over-year.

💰 Revenue reached $1.93 billion in Q1, surpassing estimates by 0.6% and increasing 11.3% compared to the prior-year quarter.

🏭 Sales in the largest EIG segment hit $1.26 billion (65.6% of total revenue), up 11% from the year-ago period.

⚡ EMG segment revenues totaled $663.9 million (34.4% of total), rising 12.9% year-over-year to meet model expectations.

📈 Operating income jumped 14% year-over-year to $516.6 million, with operating margins expanding by 50 basis points.

⚙️ EIG operating income grew 6% to $375.6 million, while EMG saw a stronger 33% increase to $170.8 million in the quarter.

💵 Cash and cash equivalents stood at $481.25 million as of March 31, 2026, up from the previous quarter's level.

📉 Long-term debt decreased marginally to $1.06 billion as of March 31, 2026, down slightly from the prior quarter.

🔮 For full year 2026, AMETEK expects sales growth in the high single digits and adjusted EPS between $7.94-$8.14.

📅 Second-quarter sales are forecasted to rise in the high single digits with consensus estimates pegged at $1.96 billion.

🎯 Q2 adjusted earnings guidance ranges from $1.96-$2.00 per share, representing a 10-12% year-over-year increase.

🏷️ AMETEK carries a current Zacks Rank #3 (Hold) based on its investment rating metrics.

🛒 The article suggests investors consider higher-ranked peers like Arista Networks, Advanced Energy, and Amphenol which hold Buy ratings.

Bullish Signals
  • AMETEK reported first-quarter non-GAAP earnings of $1.97 per share, beating the Zacks Consensus Estimate by 3.7% and increasing 12.6% year over year.
  • The company's top line revenue reached $1.93 billion, surpassing the Zacks Consensus Estimate by 0.6% and growing 11.3% year over year.
  • AMETEK's largest EIG segment saw sales of $1.26 billion (65.6% of total revenues), marking an 11% increase from the year-ago quarter.
  • The EMG segment delivered strong performance with Q1 revenues of $663.9 million, representing a 12.9% year-over-year increase.
  • Operating income for the first quarter rose 14% year over year to $516.6 million, while operating margins expanded by 50 basis points.
  • EMG's operating income surged 33% to $170.8 million with significant margin expansion of 380 basis points compared to the prior year.
  • The company strengthened its balance sheet, holding cash and cash equivalents of $481.25 million as of March 31, 2026.
  • Management expects full-year 2026 sales to grow in the high single digits, exceeding the Zacks Consensus Estimate of a 7.5% increase.
  • For 2026, adjusted earnings per share are guided in the range of $7.94-$8.14, projected to be up 7% to 10% versus 2025 levels.
  • Second quarter guidance indicates overall sales growth in the high single digits with adjusted EPS expected between $1.96-$2.00.
Risk Factors
  • The stock carries a Zacks Rank #3 (Hold), which is inferior to several sector peers like Arista Networks, Advanced Energy Industries, and Amphenol that currently hold Zacks Rank #2 (Buy) or higher.
  • Amphenol shares have already surged 9.8% year to date with 29.9% estimated earnings growth, highlighting potentially elevated relative performance for its sector peers compared to AMETEK.
  • The article provides a generic 'Hold' ranking rather than the more bullish #1 (Strong Buy) designation given to other high-performing stocks in the Computer and Technology sector.
Full Analysis
Ametek, Inc. (AME) reported strong first-quarter 2026 financial results that exceeded analyst expectations, with both earnings per share and revenue surpassing the Zacks Consensus Estimate. The company achieved non-GAAP earnings of $1.97 per share, marking a 3.7% beat against consensus and a 12.6% year-over-year increase, while total revenue reached $1.93 billion, which was 0.6% above estimates and up 11.3% from the prior year. Growth was driven by solid performance across its primary segments, including an 11% rise in sales for the EIG segment (now contributing 65.6% of revenue) and a 12.9% increase in the EMG segment (accounting for 34.4% of revenue). Operating income expanded to $516.6 million, representing a 14% year-over-year growth and an operating margin expansion of 50 basis points. This improvement was particularly pronounced in the EMG segment, where operating income surged 33% to $170.8 million with margins widening significantly by 380 basis points to reach 25.7%. The EIG segment also saw healthy growth, with operating income rising 6% to $375.6 million and margins increasing 40 basis points to 31.4%. As of March 31, 2026, AMETEK reported cash and cash equivalents of $481.25 million, a modest increase from the previous quarter, while long-term debt remained stable at $1.06 billion compared to $1.07 billion in the prior period. Looking ahead, Ametek expects 2026 overall sales to grow in the high single digits relative to 2025, aligning with a Zacks Consensus Estimate of $7.96 billion which implies a 7.5% year-over-year increase. For adjusted earnings per share in 2026, the company projects a range of $7.94 to $8.14, representing growth between 7% and 10% compared to reported 2025 levels. This outlook is slightly above the consensus estimate of $8.04, suggesting continued profitability. For the second quarter specifically, sales are projected to increase in the high single digits with a Zacks Consensus Estimate of $1.96 billion, while adjusted earnings are expected to range from $1.96 to $2.00 per share, indicating a 10% to 12% increase year over year.