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

Rhea-AI Summary

AMETEK (NYSE: AME) reported record second quarter 2026 sales of $2.04 billion, up 15% year over year. GAAP diluted EPS was $1.77, while adjusted diluted EPS reached a record $2.09, up 17%, excluding acquisition-related amortization and costs.

GAAP operating income was $528.2 million and adjusted operating income was $544.4 million, with adjusted operating margin of 26.6%, up 60 bps. Operating cash flow rose 35% to $483.7 million, and free cash flow was $451.7 million with 111% conversion. EIG sales grew 14% to $1.32 billion, EMG sales rose 17% to $723.2 million, and EMG adjusted operating margin reached 26.3% with 290 bps core expansion.

For 2026, AMETEK now expects sales up about 10% versus 2025 and raises adjusted EPS guidance to $8.20–$8.30, from $7.94–$8.14. Third quarter 2026 adjusted EPS is projected at $2.08–$2.10 on high single-digit sales growth.

Positive

• Record Q2 2026 sales $2.04B, up 15% year over year
• Adjusted diluted EPS $2.09, up 17% versus Q2 2025
• Adjusted operating income $544.4M with 26.6% margin, up 60 bps
• Operating cash flow $483.7M, up 35%; free cash flow $451.7M, 111% conversion
• EIG sales $1.32B up 14%; EMG sales $723.2M up 17%
• Raised 2026 adjusted EPS guidance to $8.20–$8.30 from $7.94–$8.14

Negative

• GAAP operating margin 25.8%, down 20 bps from 26.0% in Q2 2025
• Interest expense $30.1M, up 79% from $16.9M year over year

News Explained

The reported quarter adds June 30 cash and debt figures, while adjusted earnings exclude acquisition-related charges from GAAP results.

AMETEK reported second-quarter results for the period ended June 30, 2026; the release adds a current balance-sheet view, listing cash and equivalents of $495,446 thousand, short-term borrowings and current debt of $980,633 thousand, and long-term debt of $1,055,541 thousand.

Adjusted earnings and operating measures are non-GAAP supplements rather than replacements for GAAP results; the quarter's exclusions included after-tax acquisition-related intangible amortization and one-time costs, including integration costs and Indicor bridge financing fees.

Market reaction after 2Q26 earnings report: AME +4.16%

+4.16% $253.91

15m delay

+4.16% Vs previous close

$253.91 Last Price

$243.43 $255.00 Day Range

$57.71B Market Cap

2.74K Volume

Following this news, AME has gained 4.16%, reflecting a moderate positive market reaction. Our momentum scanner has triggered 3 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $253.91.

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Market Context

Tag-specific earnings history recorded an average move of 3.77%. That platform context places the re...

Analysis

Tag-specific earnings history recorded an average move of 3.77%. That platform context places the record quarter and raised outlook within a pattern of generally positive earnings responses, while expectation-setting remains a risk factor.

Key Figures

Q2 Sales: $2.04 billion Adjusted EPS: $2.09 per diluted share Adjusted Operating Margin: 26.6% +5 more

8 metrics

Q2 Sales $2.04 billion Q2 2026, up 15% from Q2 2025

Adjusted EPS $2.09 per diluted share Q2 2026, up 17% from Q2 2025

Adjusted Operating Margin 26.6% Q2 2026, up 60 basis points from the prior year

Operating Cash Flow $483.7 million Q2 2026, up 35%

Free Cash Flow Conversion 111% Q2 2026 conversion to net income

Orders Growth 28% Q2 2026

Full-Year Adjusted EPS Guidance $8.20 to $8.30 per diluted share 2026 guidance, increased from $7.94 to $8.14

Full-Year Sales Outlook Up approximately 10% 2026 versus 2025

Previous Earnings Reports

4 past events · Latest: Apr 30 (Positive)

Same Type Pattern 4 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 30	Q1 earnings report	Positive	+3.4%	Record first-quarter results and higher full-year adjusted EPS guidance
Jul 31	Q2 earnings report	Positive	+4.6%	Record sales, improved margins, and increased full-year guidance
May 01	Q1 earnings report	Positive	-1.4%	Higher operating income, margin expansion, and full-year guidance
Oct 31	Q3 earnings report	Positive	+8.5%	Sales growth, stronger cash flow, and raised annual earnings guidance

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

Pattern Detected

AMETEK's tag-specific earnings announcements were usually followed by positive reactions, with one divergence.

Key Terms

gaap, non-gaap, free cash flow conversion, basis points

4 terms

gaap financial

"On a GAAP basis, second quarter earnings were a record $1.77 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

non-gaap financial

"Adjusted Operating income (Non-GAAP) | $ 544,397 | | $ 461,626"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

free cash flow conversion financial

"Free cash flow conversion (Non-GAAP) | 111 % | | 92 %"

Free cash flow conversion measures how effectively a company turns its reported profits into actual cash that can be used for growth, debt repayment, or dividends. It compares the cash generated after expenses to the company's net income, similar to how a person might compare their savings to their paycheck. High conversion indicates the company is efficient at translating profits into cash, which is important for investors assessing its financial health and flexibility.

basis points financial

"operating margins were 26.6% in the quarter, up 60 basis points"

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., Aug. 4, 2026 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the second quarter ended June 30, 2026.

AMETEK's second quarter 2026 sales were a record $2.04 billion, a 15% increase over the second quarter of 2025. On a GAAP basis, second quarter earnings were a record $1.77 per diluted share. Adjusted earnings in the quarter were a record $2.09 per diluted share, up 17% from the second quarter of 2025. Adjusted earnings adds back non-cash, after-tax, acquisition-related intangible amortization, financing fees and integration costs of $0.32 per diluted share.

GAAP operating income was a record $528.2 million. Adjusted operating income increased 18% to a record $544.4 million and operating margins were 26.6% in the quarter, up 60 basis points from the prior year. Operating cash flow in the quarter was up 35% to $483.7 million and free cash flow to net income conversion was 111%. A reconciliation of reported GAAP results to adjusted results is included in the financial tables accompanying this release and on the AMETEK website.

"AMETEK delivered superb results in the second quarter. Strong organic sales growth, contributions from recent acquisitions, and outstanding operating performance led to high-teens earnings growth, excellent 110 basis points of core margin expansion and record operating performance," stated David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Notably, for the second quarter in a row, orders were exceptional, growing 28% in the quarter."

Electronic Instruments Group (EIG)

EIG sales in the second quarter were $1.32 billion, an increase of 14% over the same period in 2025. On a GAAP basis, EIG's second quarter operating income was $369.8 million. On an adjusted basis, EIG's operating income was up 12% to $384.7 million.  

"EIG generated outstanding results in the second quarter with mid-teens sales growth, sizeable orders growth and excellent operating performance," commented Mr. Zapico. "Sales growth in the quarter was balanced between organic growth and contributions from recent acquisitions, with excellent orders growth highlighted by our semiconductor and commercial aerospace markets. Further, EIG's strong operating performance drove core margins up 40 basis points to 30.1%."

Electromechanical Group (EMG)

EMG sales in the second quarter were a record $723.2 million, up 17% from the second quarter of 2025. In the quarter, EMG's GAAP operating income was $189.3 million. On an adjusted basis, EMG's operating income increased 32% to a record $190.5 million and operating income margins were 26.3%.

"EMG delivered exceptional results in the second quarter. Strong organic sales growth resulted in sizeable profit growth and 290 basis points of core margin expansion," noted Mr. Zapico. "Orders growth was also outstanding and broad-based in the quarter with notable strength in medtech, defense and automation markets."

Third Quarter and Full Year 2026 Outlook

"Our businesses performed exceptionally well in the second quarter highlighting the strength of the AMETEK Growth Model, the quality of our business and the attractiveness of our markets. Our broad-based sales and orders growth reflects our unique position as a mission critical provider of highly differentiated solutions supporting strong secular growth markets including the global infrastructure build-out," added Mr. Zapico.  

"For 2026, we now expect overall sales to be up approximately 10% versus 2025. Adjusted earnings per diluted share are now expected to be in the range of $8.20 to $8.30, up 10% to 12% over the comparable basis for 2025. This is an increase from our prior guidance range of $7.94 to $8.14 per diluted share reflecting our strong underlying performance and outlook for the balance of the year," he added.  

"For the third quarter of 2026, overall sales are expected to be up high single digits on a percentage basis compared to the third quarter of 2025. Adjusted earnings in the quarter are anticipated to be in the range of $2.08 to $2.10 per share, up 10% to 11% compared to the third quarter of 2025," concluded Mr. Zapico.

Conference Call

AMETEK will webcast its second quarter 2026 investor conference call on Tuesday, August 4, 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 $8.0 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 June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net sales	$         2,044,397		$         1,778,056		$     3,972,834		$     3,510,027
Cost of sales	1,309,356		1,142,167		2,520,234		2,249,138
Selling, general and administrative	206,848		174,263		409,471		344,434
Total operating expenses	1,516,204		1,316,430		2,929,705		2,593,572
Operating income	528,193		461,626		1,043,129		916,455
Interest expense	(30,101)		(16,857)		(51,010)		(35,850)
Other (expense) income, net	(5,720)		(2,600)		(6,767)		(4,214)
Income before income taxes	492,372		442,169		985,352		876,391
Provision for income taxes	85,476		83,802		179,099		166,266
Net income	$            406,896		$            358,367		$       806,253		$       710,125
Diluted earnings per share	$                1.77		$                1.55		$            3.51		$            3.07
Basic earnings per share	$                1.78		$                1.55		$            3.52		$            3.08
Weighted average common shares outstanding:
Diluted shares	229,855		231,472		229,845		231,507
Basic shares	229,086		230,818		228,994		230,743
Dividends per share	$                0.34		$                0.31		$            0.68		$            0.62

 

AMETEK, Inc. Information by Business Segment (In thousands) (Unaudited)
	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net sales:
Electronic Instruments	$         1,321,153		$         1,159,571		$     2,585,689		$     2,303,244
Electromechanical	723,244		618,485		1,387,145		1,206,783
Consolidated net sales	$         2,044,397		$         1,778,056		$     3,972,834		$     3,510,027
Operating income:
Segment operating income:
Electronic Instruments	$            369,722		$            344,428		$       743,660		$       698,478
Electromechanical	189,317		143,888		360,083		272,606
Total segment operating income	559,039		488,316		1,103,743		971,084
Corporate administrative expenses	(30,846)		(26,690)		(60,614)		(54,629)
Consolidated operating income	$            528,193		$            461,626		$     1,043,129		$       916,455

 

AMETEK, Inc. Condensed Consolidated Balance Sheet (In thousands)
	June 30,		December 31,
	2026		2025
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$            495,446		$            457,951
Receivables, net	1,170,497		1,119,257
Inventories, net	1,195,383		1,106,405
Other current assets	365,475		336,229
Total current assets	3,226,801		3,019,842
Property, plant and equipment, net	850,173		855,215
Right of use assets, net	259,308		273,142
Goodwill	7,418,304		7,170,770
Other intangibles, investments and other assets	4,840,127		4,748,574
Total assets	$        16,594,713		$        16,067,543
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt, net	$            980,633		$         1,208,975
Accounts payable and accruals	1,677,965		1,633,777
Total current liabilities	2,658,598		2,842,752
Long-term debt, net	1,055,541		1,074,334
Deferred income taxes and other long-term liabilities	1,619,811		1,521,671
Stockholders' equity	11,260,763		10,628,786
Total liabilities and stockholders' equity	$        16,594,713		$        16,067,543

 

AMETEK, Inc. Reconciliations of GAAP to Non-GAAP Financial Measures (In thousands, except per share amounts) (Unaudited)
	Three Months Ended June 30,
	2026		2025
EIG Segment operating income (GAAP)	$       369,722		$        344,428
Acquisition-related costs(1)	14,996		—
Adjusted EIG Segment operating income (Non-GAAP)	$       384,718		$        344,428
EMG Segment operating income (GAAP)	$       189,317		$        143,888
Acquisition-related costs(1)	1,208		—
Adjusted EMG Segment operating income (Non-GAAP)	$       190,525		$        143,888
Operating income (GAAP)	$       528,193		$        461,626
Acquisition-related costs(1)	16,204		—
Adjusted Operating income (Non-GAAP)	$       544,397		$        461,626
Interest expense (GAAP)	$         30,101		$         16,857
Acquisition-related costs(1)	(10,006)		—
Adjusted interest expense (non-GAAP)	$         20,095		$         16,857
Diluted earnings per share (GAAP)	$            1.77		$            1.55
Acquisition-related costs(1)	0.11		—
Income tax benefit on acquisition-related costs(1)	(0.02)		—
Pretax amortization of acquisition-related intangible assets	0.30		0.31
Income tax benefit on amortization of acquisition-related intangible assets	(0.07)		(0.08)
Rounding	—		—
Adjusted Diluted earnings per share (Non-GAAP)	$            2.09		$            1.78
Cash provided by operating activities (GAAP)	$       483,693		$        359,089
Deduct: Capital expenditures	(32,012)		(29,269)
Free cash flow (Non-GAAP)	$       451,681		$        329,820
Free cash flow conversion (Non-GAAP)	111 %		92 %

(1)	-	Acquisition-related costs comprise integration costs in Cost of Sales and one-time Indicor bridge financing fees in interest expense.

 

AMETEK, Inc. Reconciliations of GAAP to Non-GAAP Financial Measures (In thousands, except per share amounts) (Unaudited)
	Three Months Ended June 30,
	2026		2025
					Change
EIG Segment operating margin (GAAP)	28.0 %		29.7 %
Acquisition-related costs(1)	1.1 %		— %
Adjusted EIG Segment operating margin (Non-GAAP)	29.1 %		29.7 %
Dilutive impact of acquisitions and foreign exchange(2)	1.0 %		— %
Adjusted EIG Segment core operating margin (Non-GAAP)	30.1 %		29.7 %		0.4 %
EMG Segment operating margin (GAAP)	26.2 %		23.3 %
Acquisition-related costs(1)	0.1 %		— %
Adjusted EMG Segment operating margin (Non-GAAP)	26.3 %		23.3 %
Dilutive impact of acquisitions and foreign exchange(2)	(0.1) %		— %
Adjusted EMG Segment core operating margin (Non-GAAP)	26.2 %		23.3 %		2.9 %
Operating income margin (GAAP)	25.8 %		26.0 %
Acquisition-related costs(1)	0.8 %		— %
Adjusted operating income margin (Non-GAAP)	26.6 %		26.0 %		0.6 %
Dilutive impact of acquisitions and foreign exchange(2)	0.5 %		— %
Adjusted core operating income margin (Non-GAAP)	27.1 %		26.0 %		1.1 %

(1)	-	Acquisition-related costs comprise integration costs in Cost of Sales and one-time Indicor bridge financing fees in interest expense.
(2)	-	Operating income margins adjusted for dilutive impact from acquisitions completed in the last twelve months and the foreign exchange gain or loss.

 

 

AMETEK, Inc. Reconciliations of GAAP to Non-GAAP Financial Measures (Unaudited)
	Forecasted Diluted Earnings Per Share
	Three Months Ended				Year Ended
	September 30, 2026				December 31,2026
	Low		High		Low		High
Diluted earnings per share (GAAP)	$          1.85		$          1.87		$        7.19		$        7.29
Pretax amortization of acquisition-related intangible assets	0.31		0.31		1.21		1.21
Income tax benefit on amortization of acquisition-related intangible assets	(0.08)		(0.08)		(0.30)		(0.30)
Acquisition-related costs(3)	—		—		0.12		0.12
Income tax benefit on acquisition-related costs(3)	—		—		(0.02)		(0.02)
Adjusted Diluted earnings per share (Non-GAAP)	$          2.08		$          2.10		$        8.20		$        8.30

(3)	-	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. Acquisition-related costs reflected in the table above are actual June 30, 2026 year-to-date adjustments.

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, 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-second-quarter-2026-results-and-raises-full-year-guidance-302841627.html

SOURCE AMETEK, Inc.

FAQ

What were AMETEK (NYSE: AME) Q2 2026 earnings and revenue results?

AMETEK reported Q2 2026 revenue of $2.04 billion and GAAP diluted EPS of $1.77. According to AMETEK, adjusted diluted EPS was $2.09, with GAAP operating income of $528.2 million and adjusted operating income of $544.4 million for the quarter.

How did AMETEK’s Q2 2026 performance compare with Q2 2025 results (AME)?

AMETEK’s Q2 2026 sales rose 15% year over year to $2.04 billion, with adjusted EPS up 17% to $2.09. According to AMETEK, adjusted operating income increased 18%, operating cash flow grew 35%, and adjusted operating margin improved by 60 basis points versus Q2 2025.

Did AMETEK raise its full-year 2026 earnings guidance on August 4, 2026?

Yes. AMETEK raised its 2026 adjusted diluted EPS guidance to $8.20–$8.30, up 10–12% year over year. According to AMETEK, this is an increase from the prior range of $7.94–$8.14, reflecting stronger performance and outlook for the year.

What is AMETEK’s earnings guidance for Q3 2026 (ticker AME)?

For Q3 2026, AMETEK expects adjusted diluted EPS of $2.08–$2.10 on high single-digit sales growth. According to AMETEK, forecast GAAP diluted EPS is $1.85–$1.87, with the difference mainly from acquisition-related intangible amortization adjustments in its non-GAAP outlook.

How did AMETEK’s Electronic Instruments and Electromechanical segments perform in Q2 2026?

In Q2 2026, Electronic Instruments sales were $1.32 billion, up 14%, and Electromechanical sales were $723.2 million, up 17%. According to AMETEK, EMG’s adjusted operating margin reached 26.3%, with core margin expansion of 290 basis points year over year.

What was AMETEK’s Q2 2026 free cash flow and conversion rate?

AMETEK generated Q2 2026 free cash flow of $451.7 million, based on operating cash flow of $483.7 million. According to AMETEK, free cash flow to net income conversion was 111%, compared with 92% in the prior-year quarter, indicating strong cash generation.

How did AMETEK’s operating margins trend in Q2 2026 versus 2025?

GAAP operating margin was 25.8% in Q2 2026 versus 26.0% a year earlier, a 20-basis-point decline. According to AMETEK, adjusted operating margin improved to 26.6% from 26.0%, and adjusted core operating margin increased to 27.1%, up 110 basis points.