EarningsQ2 2026 Earnings Report
MX:MTD Q2 2026 EPS Results
Actual EPS$197.33
Consensus EPS$186.88
Beat/MissBeat by +$10.45
One Year Ago EPS$173.74
MX:MTD Q2 2026 Revenue Results
Actual Revenue$17.69B
Expected Revenue$17.70B
Beat/MissMissed by -$7.42M
YoY Revenue Growth+4.48%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeAfter Close
Conference CallThursday, July 30, 2026
MX:MTD Upcoming Earnings
Mettler-Toledo's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:MTD Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a decidedly positive operational and financial picture: revenue growth beat expectations, margins expanded, adjusted EPS rose ~14% and full-year guidance was raised. Strength was broad-based (China, emerging markets, Lab, Industrial automation, services) and driven by pricing, productivity initiatives (Spinnaker) and product innovation. Notable risks and noise included one-time tariff refund accounting that reduced reported sales, timing-related weakness in Product Inspection and certain projects, EU chemical exposure to energy costs, higher transportation costs, and short backlog that increases near-term sensitivity. On balance, management presented confidence in execution and raised guidance, indicating momentum into the second half despite identifiable near-term risks.Company Guidance
Top-Line Growth Outperformed Expectations
Q2 sales were $1.0B, up 7% in USD and 6% in local currency; organic local-currency sales growth was 4% and acquisitions contributed ~1.5%.
Strong Regional Performance — China and Emerging Markets
Asia/Rest of World organic growth was +9% (China +9%); emerging markets outside China represented ~18% of sales and grew high single digits in the quarter.
Broad-Based Product Strength — Lab, Industrial, Food Retail, Service
Laboratory organic sales +4%; Core Industrial +4% (Industrial overall +3%); Food Retail +11%; Service revenue +9% (7% organically), with service continuing to outgrow product sales.
Margin Expansion and Profitability
Adjusted gross margin 59.3% (up 30 bps); excluding FX and acquisitions gross margin expanded ~90 bps. Adjusted operating margin 29.3% (up 50 bps vs prior year; +100 bps excluding currency).
Earnings Per Share and Operating Profit Growth
Adjusted operating profit $309M (+9% YoY). Adjusted EPS $11.46 (+14% YoY). Reported EPS $11.55 vs $9.76 a year ago (reported included one-time tariff impacts).
Raised Full-Year Guidance
Full-year local-currency sales growth increased to ~4–5% (organic 3–4%). Adjusted EPS guidance raised to $47.15–$47.50 (10–11% growth; 11–12% ex-currency), up from prior 8–10% range.
Solid Cash Flow and Capital Return Plans
Adjusted free cash flow YTD $367M; full-year free cash flow expected ~ $900M (~6% per-share growth). Share repurchases increased to $875M for the full year (vs $825M annualized first half).
Execution Drivers — Spinnaker, Productivity and Innovation
Management cites Spinnaker sales/marketing program, productivity initiatives and recent product innovation (e.g., LabX, new balances, pipettes) as key drivers of growth, pricing power (~3% price realization in Q2) and margin expansion.
MX:MTD 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