Revenue Growth Momentum
AME posted revenue of $1.93B in Q1 FY2026, up 11.3% year-over-year from $1.73B, reflecting broad-based demand across its diversified industrial and electronic instruments segments.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
AMETEK (AME) delivered strong Q1 FY2026 results with revenue of $1.93B (+11.3% YoY) and net income of $399.4M (+13.5% YoY), driven by solid operating leverage and margin expansion.
Revenue
$1.93B
+11.34% YoY
EPS (Diluted)
$1.74
+14.47% YoY
Operating Income
$514.94M
+13.22% YoY
Source: SEC XBRL
Ametek INC/ (AME) reported Q1 FY2026 revenue of $1.93B, up 11.3% year over year. Operating margin was 26.7%, up 0.4 points from 26.3% a year earlier. Operating cash flow was $451.52M, up 8.1% year over year. AME's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 2.09 | 2.01 | Beat +3.8% |
| Mar 2026This filing | 1.97 | 1.92 | Beat +2.5% |
| Dec 2025 | 2.01 | 1.96 | Beat +2.3% |
| Sep 2025 | 1.89 | 1.78 | Beat +6.4% |
Adjusted (non-GAAP) EPS of $1.97 versus the $1.92 analyst consensus — a +2.5% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.74.
Compiled by AI from this SEC filing
AME posted revenue of $1.93B in Q1 FY2026, up 11.3% year-over-year from $1.73B, reflecting broad-based demand across its diversified industrial and electronic instruments segments.
Source: 10-Q Income Statement
Operating margin improved modestly to 26.7% from 26.3% in the prior-year period, demonstrating continued operational discipline even as SG&A expenses rose 19.1% YoY to $202.6M.
Source: 10-Q Income Statement / Key Ratios
Diluted EPS grew 14.5% YoY to $1.74 from $1.52, outpacing revenue growth and reflecting both higher net income and the benefit of share repurchase activity.
Source: 10-Q Income Statement
Operating cash flow reached $451.5M in Q1 FY2026, up 8.1% YoY, underscoring AME's ability to convert earnings into cash, though investing outflows nearly doubled to -$234.6M, likely reflecting acquisition or capital deployment activity.
Source: 10-Q Cash Flow Statement
Current liabilities jumped 40.4% YoY to $2.76B, narrowing the current ratio to 1.14, which warrants monitoring; long-term debt declined 27.2% YoY to $1.06B, suggesting a possible reclassification of debt to current or active debt repayment.
Source: 10-Q Balance Sheet
Compiled by AI from this SEC filing · 1 high, 3 medium, 1 low
Current liabilities surged 40.4% YoY to $2.76B while current assets grew only 13.6% to $3.14B, compressing the current ratio to 1.14. This tightening liquidity position could constrain financial flexibility if operating cash flows soften or refinancing conditions deteriorate.
Source: 10-Q Balance Sheet
SG&A expenses grew 19.1% YoY to $202.6M, significantly faster than the 11.3% revenue growth rate. Sustained cost inflation in selling and administrative functions could erode the operating margin gains achieved through revenue growth.
Source: 10-Q Income Statement
Investing cash outflows nearly doubled YoY to -$234.6M, suggesting significant capital deployment, potentially through acquisitions. Integration risk, goodwill impairment exposure, and the impact on leverage ratios are key concerns given AME's acquisition-driven growth strategy.
Source: 10-Q Cash Flow Statement
Long-term debt declined sharply by 27.2% YoY to $1.06B, while current liabilities rose substantially, potentially indicating near-term debt maturities being reclassified to current. Refinancing in a higher-rate environment could increase interest expense and pressure net margins.
Source: 10-Q Balance Sheet
ROE of 3.66% and ROA of 2.45% on a quarterly basis reflect AME's large and growing asset base of $16.3B, which includes significant intangible assets from acquisitions. If acquired businesses underperform, returns could compress further.
Source: 10-Q Key Ratios / Balance Sheet
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 1.93 $B | 1.73 $B | +11.34% |
Cost of Revenue $B | 1.21 $B | 1.11 $B | +9.39% |
Operating Income $M | 514.94 $M | 454.83 $M | +13.22% |
Net Income $M | 399.36 $M | 351.76 $M | +13.53% |
EPS (Basic) $ | 1.74 $ | 1.52 $ | +14.47% |
EPS (Diluted) $ | 1.74 $ | 1.52 $ | +14.47% |
SG&A Expense $M | 202.62 $M | 170.17 $M | +19.07% |
Answers draw on this SEC filing and the data on this page
AMETEK posted record Q2 FY2026 results with 15% revenue growth and strong orders, while adjusted margins expanded and the company announced a $5.0 billion acquisition of Indicor Instrumentation.
AMETEK (AME) delivered solid FY2025 results with revenue growing 6.6% to $7.40B and net income rising 7.6% to $1.48B, while maintaining a strong operating margin of ~25.8% and accelerating share buybacks.
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