EarningsQ2 2026 Earnings Report
MX:FTV Q2 2026 EPS Results
Actual EPS$12.68
Consensus EPS$12.12
Beat/MissBeat by +$0.57
One Year Ago EPS$9.94
MX:FTV Q2 2026 Revenue Results
Actual Revenue$18.80B
Expected Revenue$18.33B
Beat/MissBeat by +$470.69M
YoY Revenue Growth-27.79%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
MX:FTV Upcoming Earnings
Fortive's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:FTV Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed predominantly positive operational and financial momentum: double‑digit adjusted EPS growth (+28% YoY), solid core revenue growth (6.7% in Q2), raised full‑year EPS guidance, strong free cash flow (Q2 ~$270M; trailing 12‑month >$1B), aggressive buybacks (~$200M in Q2; ~$2B since spin‑off), and tangible product and AI innovations driving commercial traction. Near‑term headwinds and watch‑items include gross margin compression driven by mix (~100–110 bps), modest EMEA weakness, Q3 seasonality and a Q4 selling‑day headwind (~$15–$20M and ~150 bps to core growth), tariff refund treatment, and ongoing supply/inflation risks. Overall, the positives — revenue/earnings acceleration, cash generation, shareholder returns, and visible product momentum — outweigh the transitory and manageable lowlights.Company Guidance
Segment Momentum — Intelligent Operating Solutions (iOS)
iOS revenue grew ~9% reported (core +7.4%). Q2 adjusted EBITDA for the segment grew ~12% to $264M and adjusted EBITDA margin expanded ~100 bps to just under 35%. Broad momentum across Professional Instrumentation, Facilities & Asset Lifecycle Solutions and gas detection.
Segment Momentum — Advanced Healthcare Solutions (AHS)
AHS delivered ~ $340M revenue, +6% YoY (core +5.3%). Q2 adjusted EBITDA was $88M (+3% YoY) with adjusted EBITDA margin ~26%, supported by strong consumables, services and software growth in LatAm, APAC and North America.
Product Innovation and Commercial Wins (AI and New Products)
Multiple AI‑enabled and new product wins: Fluke's CertiFiber Max demand exceeded expectations (data center fiber testing), ServiceChannel AI features gaining traction, Gordian's Flash AI in production (drastically reducing estimating time), ASP received FDA clearance for 50‑lb expanded load capacity (robotic surgery applications). These innovations are driving commercial pull‑through and recurring revenue.
Recurring Revenue and Software Strength
Recurring revenue growth remained strong across both segments, with meaningful contribution from software and AI‑driven product releases. Software‑related revenue was a meaningful contributor to growth and customer demand remained robust for SaaS and services offerings.
Healthy Balance Sheet and Deleveraging Progress
Finished the quarter at ~2.7x gross debt‑to‑adjusted EBITDA (modest deleveraging sequentially), enabling continued buybacks, bolt‑on M&A and a modest growing dividend.
Strong Consolidated Financial Performance
Q2 total revenue nearly $1.1B (up ~8% reported; core revenue +6.7% YoY). Adjusted EBITDA grew ~12% YoY to $323M (adjusted EBITDA margin ~29.5%, +110 bps YoY). Adjusted EPS was $0.74, up >28% YoY — fourth consecutive quarter of double‑digit adjusted EPS growth.
Raised Full‑Year Guidance and Improved Growth Outlook
Company raised full‑year 2026 adjusted EPS guidance to $2.95–$3.05. Now expects full‑year reported revenue of ~ $4.35B and full‑year core growth of ~4% (up from prior 2–3%).
Strong Free Cash Flow and Aggressive Capital Return
Generated roughly $270M of free cash flow in Q2; trailing 12‑month free cash flow exceeded $1B with conversion >100%. Deployed ~ $200M to share repurchases in Q2 and nearly $2B to buybacks since the spin‑off (38M shares repurchased, ~11% of diluted shares).
Continued Execution of Bolt‑on M&A Strategy
Completed acquisition of a majority stake in UV Smart (UVC disinfection technology) and executed other small bolt‑ons; new M&A team and processes in place to pursue high‑quality accretive acquisitions.
MX:FTV 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