Machinery
Price
$223.82
-0.51%Market Cap
$16.57B
Day High
$226.83
Day Low
$221.26
IEX delivered strong Q1 FY2026 results with revenue up 8.9% to $886.9M, net income surging 25.7% to $120.0M, and EPS rising 27.8% to $1.61, driven by operating leverage that expanded operating margin by 200 basis points year-over-year.
Key risk: Gross Margin Compression
Gross margin declined slightly to 44.9% from 45.3% year-over-year, as cost of revenue grew 9.7%—faster than revenue growth of 8.9%. Sustained input cost pressures or unfavorable product mix shifts could further compress profitability if not offset by pricing or efficiency gains.
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