AMETEK Raises 2026 Profit Forecast To $8.53-$8.57 A Share After Record Quarter
The instruments maker lifted its full-year adjusted outlook from $8.20 to $8.30 after sales rose 17% and it closed the Indicor Instrumentation deal.
AMETEK, which makes electronic instruments and electromechanical devices, raised its 2026 adjusted earnings forecast to $8.53 to $8.57 a share, up from $8.20 to $8.30, after record third-quarter sales of $2.22 billion, the company said Tuesday. Shares rose 4.83% to $253.59 in Tuesday trading as of 10:31 a.m. ET.
A record quarter, up 17%
Third-quarter sales climbed 17% from a year earlier. Adjusted earnings reached $2.21 per diluted share, also up 17%, while standard-accounting earnings were $1.85 per share.
Adjusted operating income rose 20% to $594.7 million, and the adjusted operating margin was 26.8%, up 0.6 percentage points. Operating cash flow rose 27% to $560.6 million, and free cash flow equaled 124% of net income, up from 113% a year earlier.
Electronic Instruments, which builds analytical, test and measurement instruments, saw sales rise 16% to $1.44 billion. Electromechanical, which makes medical components, motion control and thermal management products, among others, posted sales up 20% to $778.0 million. Its adjusted operating income jumped 29% to $212.0 million.
Indicor adds $5 billion of debt
Chairman and CEO David A. Zapico said the quarter included completing the purchase of Indicor Instrumentation, "an outstanding group of highly differentiated industrial technology businesses." He said the raised outlook reflects the third quarter, the fourth-quarter outlook and the expected Indicor contribution.
The balance sheet shows the effect. Long-term debt stood at $6.03 billion on September 30, against $1.07 billion at the end of 2025, and goodwill grew to $10.21 billion from $7.17 billion.
Guidance for the final quarter
For all of 2026, AMETEK now expects sales up in the mid-teens and adjusted earnings up about 15% from 2025.
For the fourth quarter, it expects sales up in the low 20% range and adjusted earnings of $2.26 to $2.30 per share, up 12% to 14% from the fourth quarter of 2025.
Fourth-quarter results will show whether AMETEK delivers the $2.26 to $2.30 per share it has now guided.
Sources
- 8-K Filing — AMETEK INC/ (AME) — SEC EDGAR
- Exhibit ametek8kexhibit99111032026.htm — AMETEK INC/ 8-K exhibit — SEC EDGAR
- AMETEK’s (NYSE:AME) Q3 2026 sales beat estimates — Yahoo Finance
- AMETEK Announces Record Third Quarter 2026 Results and Raises Full Year Guidance – Company Announcement - FT.com — Financial Times
