AMETEK, Inc.

(New York Stock Exchange)
Back to all articles
Bullish +75

AMETEK stock reports record Q2 revenue and higher guidance

Earnings report Guidance raised AI-generated analysis

πŸ“ˆ AMETEK reported record Q2 2026 revenue of USD 2.04 billion, up 15 percent year over year.

πŸ’° Operating income increased 18 percent to USD 544 million with operating margins expanding to 26.6 percent.

πŸ“¦ Orders surged 28 percent to a record USD 2.3 billion, indicating strong demand visibility.

πŸš€ Management raised full-year 2026 diluted EPS guidance to USD 8.20-8.30 from the prior range of USD 7.94-8.14.

πŸ’΅ Adjusted diluted EPS reached USD 2.09, beating the consensus estimate by USD 0.10.

🏦 Free cash flow jumped 37 percent to USD 452 million while operating cash flow rose 35 percent.

πŸ“… Q3 adjusted EPS guidance was set at USD 2.08-2.10, providing a clear near-term earnings target.

πŸ“‰ Stock traded at USD 246.03 on September 24, 2026, remaining about USD 15 below its 52-week high.

🏭 The company maintains a backlog of USD 4.11 billion with 80 percent expected to ship within 12 months.

🌍 AMETEK operates globally in precision electronics manufacturing and electrical equipment and parts.

Bullish Signals
  • AMETEK delivered record Q2 revenue of USD 2.04 billion, a 15 percent increase year over year, demonstrating strong top-line growth.
  • Operating income rose 18 percent to USD 544 million while operating margins expanded 60 basis points to 26.6 percent.
  • Orders reached a record USD 2.3 billion, up 28 percent year over year, providing significant visibility into future revenue.
  • The company raised its full-year 2026 diluted EPS guidance to USD 8.20-8.30, signaling confidence in continued profitability.
  • Adjusted diluted EPS of USD 2.09 exceeded the prior guidance range and beat analyst consensus estimates by USD 0.10.
  • Free cash flow surged 37 percent to USD 452 million, highlighting exceptional cash conversion efficiency.
  • Operating cash flow increased 35 percent to USD 484 million, reinforcing the company's strong liquidity position.
  • The backlog stands at USD 4.11 billion with 80 percent expected to ship within 12 months, ensuring stable future earnings.
Full Analysis
AMETEK Inc. reported record second-quarter revenue of USD 2.04 billion in fiscal 2026, representing a 15 percent year-over-year increase. The industrial technology company also delivered adjusted diluted earnings per share of USD 2.09, which was 17 percent higher than the prior year and exceeded analyst consensus estimates by USD 0.10. Operating performance remained robust with operating income rising 18 percent to USD 544 million and operating margins expanding 60 basis points to 26.6 percent. Demand visibility strengthened significantly as orders surged 28 percent to a record USD 2.3 billion, while the company's backlog reached USD 4.11 billion with 80 percent expected to ship within the next 12 months. Management raised its full-year 2026 diluted EPS guidance range to USD 8.20-8.30 from the previous forecast of USD 7.94-8.14, setting a concrete quarterly checkpoint for Q3 at USD 2.08-2.10. Cash generation improved substantially with free cash flow reaching USD 452 million and operating cash flow rising 35 percent to USD 484 million, highlighting the company's strong cash conversion capabilities. Despite the positive financial results, AMETEK stock traded at USD 246.03 on September 24, 2026, which was approximately USD 15 below its 52-week high of USD 261.16. The company maintains a market capitalization of roughly USD 56.4 billion and operates within the electrical equipment and parts sector, leveraging its acquisition-led expansion strategy to drive growth.