AMETEK Announces Record First Quarter 2026 Results and Raises Full Year Guidance

Rhea-AI Summary

AMETEK (NYSE: AME) reported record Q1 2026 results: sales $1.93 billion (+11% YoY), GAAP EPS $1.74, and adjusted EPS $1.97 (+13% YoY). GAAP operating income was $514.9 million; adjusted operating income was $516.6 million and margins rose to 26.8% (+50 bps). Orders grew 23%, producing a record backlog. Management raised 2026 adjusted EPS guidance to $7.94–$8.14 and expects full-year sales up high single digits. AMETEK highlighted strong organic growth, acquisition contributions, and cash-generative operations.

Positive

• Sales $1.93B (+11% YoY)
• Adjusted EPS $1.97 (+13% YoY)
• Orders +23%, creating a record backlog
• Operating margin 26.8% (+50 bps)
• Raised 2026 adjusted EPS guidance to $7.94–$8.14

Negative

• None.

News Market Reaction – AME

+3.35%

2 alerts

+3.35% Session close to close

+5.1% Peak Tracked

$54.37B Market Cap

0.1x Rel. Volume

In the Apr 30 session, AME gained 3.35%, reflecting a moderate positive market reaction. Argus tracked a peak move of +5.1% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement reports record Q1 2026 sales of $1.93 billion, double‑digit adjusted EPS growth to...

Analysis

This announcement reports record Q1 2026 sales of $1.93 billion, double‑digit adjusted EPS growth to $1.97, and operating margins of 26.8%. Management also raised full‑year 2026 adjusted EPS guidance to $7.94–$8.14, building on a history of prior guidance increases and record results. Investors may watch how organic growth, acquisition contributions, and segment margins progress relative to this higher outlook across the remaining quarters.

Key Figures

Q1 2026 Sales: $1.93 billion GAAP EPS Q1 2026: $1.74 per diluted share Adjusted EPS Q1 2026: $1.97 per diluted share +5 more

8 metrics

Q1 2026 Sales $1.93 billion First quarter 2026 sales, up 11% vs Q1 2025

GAAP EPS Q1 2026 $1.74 per diluted share Record GAAP earnings for first quarter 2026

Adjusted EPS Q1 2026 $1.97 per diluted share Up 13% vs first quarter 2025

GAAP Operating Income $514.9 million First quarter 2026 GAAP operating income

Adjusted Operating Income $516.6 million First quarter 2026 adjusted operating income, up 14%

Operating Margin Q1 2026 26.8% Quarter margin, up 50 basis points year-over-year

2026 Adjusted EPS Guidance $7.94–$8.14 per share Raised full-year 2026 EPS guidance, up 7–10% vs 2025

Annual Sales Level $7.5 billion Approximate annual sales cited in corporate profile

Previous Earnings Reports

5 past events · Latest: Jul 31 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 31	Quarterly earnings	Positive	+4.6%	Record Q2 2025 sales and EPS with raised full-year 2025 guidance.
May 01	Quarterly earnings	Positive	-1.4%	Q1 2025 flat sales but higher margins and EPS with 2025 guidance set.
Oct 31	Quarterly earnings	Positive	+8.5%	Strong Q3 2024 growth, higher margins and EPS, guidance raised again.
Aug 01	Quarterly earnings	Positive	-8.3%	Q2 2024 records but outlook trimmed despite higher EPS and margins.
May 02	Quarterly earnings	Positive	-6.1%	Record Q1 2024 sales and EPS with guidance raised for full year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings releases often report strong results and guidance raises, but share reactions have skewed negative or mixed despite mostly positive fundamentals.

Recent Company History

Over recent earnings cycles, AMETEK has repeatedly delivered record or strong quarterly results with rising margins and multiple guidance increases. Prior updates, such as Q2 2025 and Q3 2024, featured record sales between $1.71B–$1.78B and higher operating income, yet price reactions ranged from about -8% to +9%. Today’s record Q1 2026 earnings and raised full‑year EPS outlook extend that pattern of consistent operational strength and upgraded guidance.

Key Terms

gaap, ebitda, basis points

3 terms

gaap financial

"On a GAAP basis, first quarter earnings were a record $1.74 per diluted share."

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

ebitda financial

"double-digit earnings growth, record EBITDA and robust core margin expansion of 160 basis points"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

basis points financial

"operating margins were 26.8% in the quarter, up 50 basis points from the prior year."

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BERWYN, Pa., April 30, 2026 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2026.

AMETEK's first quarter 2026 sales were $1.93 billion, an 11% increase over the first quarter of 2025. On a GAAP basis, first quarter earnings were a record $1.74 per diluted share. Adjusted earnings in the quarter were $1.97 per diluted share, up 13% from the first quarter of 2025. Adjusted earnings adds back non-cash, after-tax, acquisition-related intangible amortization and integration costs of $0.23 per diluted share.

GAAP operating income was $514.9 million.  Adjusted operating income increased 14% to $516.6 million and operating margins were 26.8% in the quarter, up 50 basis points from the prior year. A reconciliation of reported GAAP results to adjusted results is included in the financial tables accompanying this release and on the AMETEK website.

"AMETEK had an excellent start to the year. Strong organic sales growth, contributions from recent acquisitions, and outstanding operating performance led to double-digit earnings growth, record EBITDA and robust core margin expansion of 160 basis points," stated David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Additionally, end market demand remains strong and broad based, with record orders up 23% in the quarter resulting in a record backlog." 

Electronic Instruments Group (EIG)
EIG sales in the first quarter were $1.26 billion, an increase of 11% over the same period in 2025. On a GAAP basis, EIG's first quarter operating income was $373.9 million. On an adjusted basis, EIG operating income was up 6% to $375.6 million.  

"EIG delivered strong results in the first quarter with outstanding, broad-based orders growth," commented Mr. Zapico. "Sales were also strong with double-digit growth driven by a combination of solid organic sales growth and contributions from recent acquisitions, and EIG's disciplined operating performance drove core margins up 40 basis points to 31.4%."

Electromechanical Group (EMG)
EMG sales in the first quarter were a record $663.9 million, up 13% from the first quarter of 2025. EMG's first quarter operating income increased 33% to a record $170.8 million, and operating income margins were 25.7% in the quarter, up 380 basis points versus the prior year.

"EMG performed exceptionally well in the first quarter. Continued robust and broad-based organic sales growth resulted in outstanding profit growth and sizeable margin expansion," noted Mr. Zapico.

Second Quarter and Full Year 2026 Outlook 
"I am pleased with AMETEK's results in the first quarter. Our businesses are performing very well and delivering exceptional results. AMETEK remains well positioned given our record backlog, momentum across attractive markets, and the proven strength and durability of the AMETEK Growth Model. Additionally, our balance sheet and strong cash flows provide us with meaningful capital to deploy on strategic acquisitions," stated Mr. Zapico.

"For 2026, we now expect overall sales to be up high single digits compared to 2025. Adjusted earnings per diluted share are now expected to be in the range of $7.94 to $8.14, up 7% to 10% over the comparable basis for 2025. This is an increase from our prior guidance range of $7.87 to $8.07 per diluted share," he added.  

"For the second quarter of 2026, overall sales are expected to be up high single digits compared to the second quarter of 2025. Adjusted earnings in the quarter are anticipated to be in the range of $1.96 to $2.00 per share, up 10% to 12% compared to the second quarter of 2025," concluded Mr. Zapico.

Conference Call
AMETEK will webcast its first quarter 2026 investor conference call on Thursday, April 30, 2026, beginning at 8:30 AM ET. The live audio webcast will be available and later archived in the Investors section of www.ametek.com.

Corporate Profile
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.5 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 95 years and is a component of the S&P 500. For more information, visit www.ametek.com.

Forward-looking Information
Statements in this news release relating to future events, such as AMETEK's expected business and financial performance, are "forward-looking statements." Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ materially from expectations. These factors and uncertainties include risks related to AMETEK's ability to consummate and successfully integrate future acquisitions; risks with international sales and operations, including supply chain disruptions, tariffs, trade disputes and currency conditions; AMETEK's ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Forms 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.

Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
kevin.coleman@ametek.com
Phone: 610.889.5247

 

AMETEK, Inc. Consolidated Statement of Income (In thousands, except per share amounts) (Unaudited)
	Three Months Ended March 31,
	2026		2025
Net sales	$          1,928,437		$          1,731,971
Cost of sales	1,210,878		1,106,971
Selling, general and administrative	202,623		170,171
Total operating expenses	1,413,501		1,277,142
Operating income	514,936		454,829
Interest expense	(20,909)		(18,993)
Other (expense) income, net	(1,047)		(1,614)
Income before income taxes	492,980		434,222
Provision for income taxes	93,623		82,464
Net income	$            399,357		$            351,758
Diluted earnings per share	$                  1.74		$                  1.52
Basic earnings per share	$                  1.74		$                  1.52
Weighted average common shares outstanding:
Diluted shares	229,835		231,542
Basic shares	228,903		230,668
Dividends per share	$                  0.34		$                 0.31

 

AMETEK, Inc. Information by Business Segment (In thousands) (Unaudited)
	Three Months Ended March 31,
	2026		2025
Net sales:
Electronic Instruments	$          1,264,536		$          1,143,673
Electromechanical	663,901		588,298
Consolidated net sales	$          1,928,437		$          1,731,971
Operating income:
Segment operating income:
Electronic Instruments	$             373,938		$            354,050
Electromechanical	170,766		128,718
Total segment operating income	544,704		482,768
Corporate administrative expenses	(29,768)		(27,939)
Consolidated operating income	$             514,936		$            454,829

 

AMETEK, Inc. Condensed Consolidated Balance Sheet (In thousands)
	March 31,		December 31,
	2026		2025
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$             481,250		$            457,951
Receivables, net	1,153,951		1,119,257
Inventories, net	1,143,418		1,106,405
Other current assets	358,889		336,229
Total current assets	3,137,508		3,019,842
Property, plant and equipment, net	840,388		855,215
Right of use assets, net	263,167		273,142
Goodwill	7,266,351		7,170,770
Other intangibles, investments and other assets	4,802,121		4,748,574
Total assets	$        16,309,535		$        16,067,543
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt, net	$          1,114,946		$          1,208,975
Accounts payable and accruals	1,641,190		1,633,777
Total current liabilities	2,756,136		2,842,752
Long-term debt, net	1,062,603		1,074,334
Deferred income taxes and other long-term liabilities	1,571,499		1,521,671
Stockholders' equity	10,919,297		10,628,786
Total liabilities and stockholders' equity	$        16,309,535		$        16,067,543

 

AMETEK, Inc. Reconciliations of GAAP to Non-GAAP Financial Measures (In thousands, except per share amounts) (Unaudited)
		Three Months Ended March 31,
		2026		2025
EIG Segment operating income (GAAP)		$              373,938		$             354,050
Acquisition-related costs(1)		1,615		—
Adjusted EIG Segment operating income (Non-GAAP)		$              375,553		$             354,050
Operating income (GAAP)		$              514,936		$             454,829
Acquisition-related costs(1)		1,615		—
Adjusted Operating income (Non-GAAP)		$              516,551		$             454,829
Diluted earnings per share (GAAP)		$                    1.74		$                   1.52
Acquisition-related costs(1)		0.01		—
Income tax benefit on acquisition-related costs(1)		—		—
Pretax amortization of acquisition-related intangible assets		0.30		0.30
Income tax benefit on amortization of acquisition- related intangible assets		(0.07)		(0.07)
Rounding		(0.01)		—
Adjusted Diluted earnings per share (Non-GAAP)		$                   1.97		$                  1.75
						Change
EIG Segment operating margin (GAAP)		29.6 %		31.0 %
Acquisition-related costs(1)		0.1 %		— %
Dilutive impact of acquisitions and foreign exchange(2)		1.7 %		— %
Adjusted EIG Segment operating margin (Non-GAAP)		31.4 %		31.0 %		0.4 %
Operating income margin (GAAP)		26.7 %		26.3 %
Acquisition-related costs(1)		0.1 %		— %
Dilutive impact of acquisitions and foreign exchange(2)		1.1 %		— %
Adjusted Operating income margin (Non-GAAP)		27.9 %		26.3 %		1.6 %
(1) - Acquisition-related costs are comprised of integration costs recorded in Cost of Sales.
(2) - Operating income margins adjusted for dilutive impact from acquisitions completed in the last twelve months and the        foreign exchange impact.

 

AMETEK, Inc. Reconciliations of GAAP to Non-GAAP Financial Measures (Unaudited)
	Forecasted Diluted Earnings Per Share
	Three Months Ended				Year Ended
	June 30, 2026				December 31,2026
	Low		High		Low		High
Diluted earnings per share (GAAP)	$           1.73		$           1.77		$        7.03		$        7.23
Pretax amortization of acquisition-related intangible assets	0.30		0.30		1.21		1.21
Income tax benefit on amortization of acquisition-related intangible assets	(0.07)		(0.07)		(0.30)		(0.30)
Adjusted Diluted earnings per share (Non-GAAP)	$           1.96		$           2.00		$        7.94		$        8.14

 

Use of Non-GAAP Financial Information

The Company supplements its consolidated financial statements presented on a U.S. generally accepted accounting principles ("GAAP") basis with certain non-GAAP financial information to provide investors with greater insight, increased transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making.  Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial tables. These non-GAAP financial measures should be considered in addition to, and not as a replacement for, or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies.

The non-GAAP financial measures referenced in this press release include adjusted operating income, adjusted operating margin, and adjusted earnings per share.  These measures are adjusted to exclude items that management does not consider indicative of AMETEK's ongoing operational performance, such as after-tax acquisition-related intangible amortization and one-time acquisition-related costs (including transaction related costs, purchase accounting adjustments, and integration related costs).

In providing forward-looking guidance for quarterly and full-year GAAP and non-GAAP measures, the Company has not included adjustments, such as acquisition-related costs, whose timing and/or magnitude are contingent on future events.

The Company believes that these measures provide useful information to investors by reflecting additional ways of viewing AMETEK's operations that, when reconciled to the comparable GAAP measure, helps our investors to better understand the long-term profitability trends of our business, and facilitates easier comparisons of our profitability to prior and future periods and to our peers.

View original content:https://www.prnewswire.com/news-releases/ametek-announces-record-first-quarter-2026-results-and-raises-full-year-guidance-302757938.html

SOURCE AMETEK, Inc.

FAQ

What did AMETEK (AME) report for Q1 2026 sales and earnings?

AMETEK reported Q1 2026 sales of $1.93 billion and GAAP EPS of $1.74. According to the company, adjusted EPS were $1.97, reflecting acquisition-related adjustments of $0.23 per diluted share.

How did AMETEK's orders and backlog change in Q1 2026 for AME stockholders?

Orders rose 23% in Q1 2026, producing a record backlog. According to the company, broad-based end-market demand and recent acquisitions underpinned the orders increase and backlog expansion.

What guidance did AMETEK provide for full-year 2026 adjusted EPS and sales growth (AME)?

AMETEK now expects full-year adjusted EPS of $7.94 to $8.14 and sales up high single digits. According to the company, this guidance raises prior EPS range based on first-quarter momentum.

What drove margin expansion and operating performance at AMETEK in Q1 2026?

Margin expansion to 26.8% reflected strong organic growth and acquisition contributions. According to the company, disciplined operations and recent acquisitions increased adjusted operating income to $516.6 million.

When and how can investors access AMETEK's Q1 2026 earnings call for AME?

AMETEK webcast its Q1 2026 investor call on April 30, 2026 at 8:30 AM ET. According to the company, the live audio webcast is available and later archived in the Investors section of ametek.com.