AMETEK raises 2026 profit forecast as Q3 sales top estimates

AMETEK (AME) said on Nov. 3 that third-quarter adjusted earnings were $2.21 per share, topping the $2.13 consensus estimate, and it raised its full-year profit forecast. Revenue of $2.22 billion also beat the $2.15 billion estimate.

Shares were little changed in regular trading as of 10:29 a.m. ET.

AMETEK is a global provider of industrial technology solutions with annualized sales of about $9.0 billion. The results cover the three months ended Sept. 30.

Here's how the company did:

• Revenue: $2.22 billion vs. $1.89 billion a year earlier, $2.15 billion expected
• Adjusted EPS: $2.21 vs. $1.89 a year earlier, $2.13 expected
• GAAP EPS: $1.85 vs. $1.60 a year earlier
• Operating income: $584.9 million vs. $488.4 million a year earlier

Sales rose 17% from the third quarter of 2025, and adjusted earnings per share rose 17% from the prior-year period. Adjusted operating income increased 20% to $594.7 million, and operating margin was 26.8%, up 60 basis points.

“AMETEK delivered outstanding results in the third quarter,” Chairman and Chief Executive Officer David A. Zapico said. He pointed to organic sales and orders growth, recent acquisitions and operating performance.

Net income has risen in each of the last three quarters, from $371.4 million in the third quarter of 2025 to $406.9 million in the second quarter of 2026, according to its SEC filings.

Segment results

Electronic Instruments sales rose 16% to $1.44 billion. Its adjusted operating income increased 15% to $414.6 million.

Electromechanical sales rose 20% to $778.0 million. Its adjusted operating income increased 29% to $212.0 million, with an operating margin of 27.2%.

Operating cash flow was up 27% to $560.6 million, and free cash flow was $527.4 million. During the quarter, AMETEK completed its acquisition of Indicor Instrumentation.

2026 guidance

For 2026, AMETEK now expects overall sales to be up mid-teens on a percentage basis versus 2025, up from its earlier expectation of about 10%.

Adjusted EPS is now expected to be $8.53 to $8.57, up about 15% from 2025. That is an increase from the $8.20 to $8.30 range it gave on Aug. 4. The company cited its third-quarter results, its fourth-quarter outlook and the expected contribution from Indicor Instrumentation.

GAAP EPS for 2026 is expected to be $7.29 to $7.33. Adjusted figures exclude acquisition-related intangible amortization and acquisition-related costs.

Fourth-quarter outlook

For the fourth quarter of 2026, overall sales are expected to be up in the low 20% range versus the fourth quarter of 2025.

Adjusted EPS for the quarter is expected to be $2.26 to $2.30, up 12% to 14% from the fourth quarter of 2025. GAAP EPS for the quarter is expected to be $1.93 to $1.97.