Record Orders and Backlog
Orders hit a record $2.284 billion, up 28.2% YoY, with organic orders rising 25% and acquisitions contributing 6%. Backlog reached a record $4.11 billion, up 14.8% from year-end 2025.
Source: 10-Q Item 2 MD&A
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 delivered record results in Q2 FY2026, with sales, operating income, net income, orders, and backlog all reaching new highs. The performance was driven by 10% organic sales growth and contributions from recent acquisitions (FARO, LKC, First Aviation), alongside continued benefits from Operational Excellence initiatives. While consolidated operating margin edged down 20 basis points to 25.8% due to acquisition-related integration costs, adjusted segment margins expanded 140 basis points when excluding these costs and acquisition dilution. The company also announced a definitive agreement to acquire Indicor Instrumentation for approximately $5.0 billion, which is expected to close in the second half of 2026 and will significantly scale its instrumentation portfolio.
Revenue
$2.04B
+14.98% YoY
EPS (Diluted)
$1.77
+14.19% YoY
Operating Income
$528.19M
+14.42% YoY
Source: SEC XBRL
Ametek INC/ (AME) reported Q2 FY2026 revenue of $2.04B, up 15.0% year over year. Operating margin was 25.8%, down 0.2 points from 26.0% a year earlier. AME's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 2.09 | 2.01 | Beat +3.8% |
| Mar 2026 | 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 $2.09 versus the $2.01 analyst consensus — a +3.8% beat for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.77.
2 reported segments · SEC XBRL
Segment revenue totals $2.04B, which is the $2.04B of consolidated revenue on the income statement.
Profit above is reported as operating income, the measure AME itself discloses in this filing. Each company chooses its own measure here, so these margins are not comparable with another company's.
Compiled by AI from 10-Q Item 2 of this filing
Orders hit a record $2.284 billion, up 28.2% YoY, with organic orders rising 25% and acquisitions contributing 6%. Backlog reached a record $4.11 billion, up 14.8% from year-end 2025.
Source: 10-Q Item 2 MD&A
On May 5, 2026, AMETEK agreed to acquire Indicor Instrumentation for ~$5.0 billion in cash. The target has annual sales of ~$1.1 billion and will be integrated into EIG or EMG. Closing is expected in H2 2026, subject to regulatory approvals.
Source: 10-Q Item 2 MD&A
Total sales growth of 15.0% included a 10% organic increase and a 5% lift from acquisitions. International sales rose 14.3%, led by strength in Europe and Asia.
Source: 10-Q Item 2 MD&A
Pre‑tax acquisition‑related integration costs were $16.2 million (80 bps headwind). Excluding these and the dilutive effect of recent deals, segment operating margins expanded 140 bps year‑over‑year thanks to Operational Excellence initiatives.
Source: 10-Q Item 2 MD&A
The company increased its revolving credit facility to $3.5 billion and secured a new $4.0 billion term loan, giving it ample capacity to fund the Indicor acquisition. Net debt‑to‑capital ratio improved to 12.0% from 14.7% at year‑end.
Source: 10-Q Item 2 MD&A
Compiled by AI from this SEC filing · 0 high, 3 medium, 2 low
Current liabilities surged 42.3% year-over-year to $2.66 billion, while cash and equivalents fell 20.1% to $495.4 million, lowering the current ratio to 1.21. This could strain the company’s ability to meet near-term obligations if operating cash flow weakens.
Source: 10-Q Balance Sheet (XBRL)
EIG’s operating margin contracted 1.7 percentage points to 28.0%, partly due to acquisition integration costs and dilution. As EIG accounts for 64.6% of revenue, sustained margin pressure could materially impact consolidated profitability.
Source: 10-Q Segment Breakdown (XBRL)
The company closed three acquisitions (FARO, LKC, First Aviation) in recent quarters, and the $5.0 billion Indicor deal is pending. High acquisition activity increases integration complexity, and failure to realize expected synergies could hurt financial performance.
Source: 10-Q Cash Flow (XBRL)
Investing cash flow was -$481.5 million in H1 2026 versus -$155.7 million a year earlier, driven by $424.5 million net cash paid for acquisitions. Large outflows may pressure liquidity if free cash flow generation moderates.
Source: 10-Q Cash Flow (XBRL)
The Electronic Instruments Group (EIG) contributed 64.6% of revenue. A downturn in its end markets, which include industrial and scientific instruments, could disproportionately affect the company’s overall results.
Source: 10-Q Segment Breakdown (XBRL)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 2.04 $B | 1.78 $B | +14.98% |
Cost of Revenue $B | 1.31 $B | 1.14 $B | +14.64% |
Operating Income $M | 528.19 $M | 461.63 $M | +14.42% |
Net Income $M | 406.90 $M | 358.37 $M | +13.54% |
EPS (Basic) $ | 1.78 $ | 1.55 $ | +14.84% |
EPS (Diluted) $ | 1.77 $ | 1.55 $ | +14.19% |
SG&A Expense $M | 206.85 $M | 174.26 $M | +18.70% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
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.
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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