EarningsQ2 2026 Earnings Report
MX:AME Q2 2026 EPS Results
Actual EPS$37.99
Consensus EPS$36.23
Beat/MissBeat by +$1.76
One Year Ago EPS$32.36
MX:AME Q2 2026 Revenue Results
Actual Revenue$37.16B
Expected Revenue$35.52B
Beat/MissBeat by +$1.64B
YoY Revenue Growth+14.98%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
MX:AME Upcoming Earnings
Ametek's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:AME Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive: AMETEK reported record revenue, orders, backlog, margins, EBITDA and EPS, with very strong free cash flow, a raised full-year guide, robust segment-level performance (particularly EMG and EIG), active M&A execution and ongoing product innovation. The few negatives were largely execution and timing considerations tied to acquisitions (diligence costs, integration risk), some lumpiness in order cadence and conservative near-term guidance despite strong order trends. Overall, the positive operational, financial and strategic metrics substantially outweigh the limited lowlights.Company Guidance
Record Quarterly Revenue
Q2 sales of $2.04 billion, up 15% year-over-year; organic sales up 10% and acquisitions contributed ~5 points; foreign currency flat.
Exceptional Orders and Backlog
Record orders of $2.3 billion, up 28% YoY (organic orders +25%); book-to-bill 1.12; backlog reached $4.11 billion, ~21% above year-end and ~80% of backlog expected to ship within 12 months.
Record Profitability and Margin Expansion
Operating income of $544 million, up 18% YoY; operating margin 26.6% (up 60 bps YoY); core margin 27.1% (up 110 bps YoY); EBITDA $644 million, up 14% with a 31.5% EBITDA margin.
Strong Earnings and Guidance Raise
Diluted EPS of $2.09, a record and up 17% YoY, above prior guidance ($1.96–$2.00); full-year EPS guidance raised to $8.20–$8.30 (up ~10–12% YoY) and full-year sales now expected to be up ~10%.
Outstanding Cash Generation and Balance Sheet Strength
Free cash flow of $452 million in Q2, up 37% YoY, with free cash flow to net income conversion of 111%; operating cash flow $484 million (+35% YoY); total debt $2.0 billion (down from $2.3B) with cash of $495 million; gross debt/EBITDA 0.8x, net 0.6x; revolver increased to $3.5 billion.
Segment Outperformance — EIG and EMG
EIG: Q2 sales $1.32B (+14% YoY), organic +7%, orders +23% (organic +20%), operating income $385M (+12%), core margin 30.1% (+40 bps). EMG: Q2 sales $723M (record, +17% YoY), organic +15%, organic orders +35%, operating income $191M (record, +32%), core margin 26.2% (+290 bps).
Product Innovation and R&D Vitality
New product vitality at 25% in the quarter; highlighted product launches and wins (Hughes‑Treitler MicroFoil heat exchanger, Alphasense A2GLF oxygen sensor) and growth drivers (RTDS and Zygo supporting data center/AI infrastructure).
Acquisition Pipeline and M&A Execution
Continuing active M&A strategy with Indicor acquisition expected to close in H2 ( ~$5B deployment planned); confidence in ~10–12% cost synergies and additional upside from FARO and other recent acquisitions.
MX:AME Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed