Fortive raises 2026 profit forecast, tops Q3 estimates

Fortive Corporation (FTV) raised its 2026 adjusted diluted earnings per share forecast to $3.10 to $3.14, and its third-quarter adjusted EPS of 77 cents topped the 71 cents consensus estimate compiled by Finnhub.

Revenue for the quarter ended Oct. 2 was $1,107.5 million, up 7.8% from a year earlier, and topped the $1.08 billion estimate. Core revenue, which excludes acquisitions, divestitures and currency effects, rose 7.2%.

Fortive is a technology company whose two segments, Intelligent Operating Solutions and Advanced Healthcare Solutions, design, make and sell products, software and services in about 50 countries, according to the release.

The company said in a results release filed with the SEC on Oct. 28. Here's how the company did:

• Adjusted EPS: 77 cents vs. 68 cents a year earlier, against a 71 cents consensus estimate, according to Finnhub
• GAAP diluted EPS: 57 cents vs. 35 cents a year earlier
• Revenue: $1,107.5 million vs. $1,027.1 million a year earlier
• Adjusted EBITDA: $338.8 million vs. $309.4 million a year earlier

GAAP net earnings were $172.5 million, up 47.4% from a year earlier, and the adjusted EBITDA margin was 30.6%.

2026 guidance

Fortive raised its full-year adjusted diluted EPS forecast to $3.10 to $3.14, from the $2.95 to $3.05 range it gave on July 29.

CEO Olumide Soroye said: "We are raising our full-year adjusted EPS guidance to $3.10 to $3.14, reflecting our strong year-to-date performance and our confidence in the trajectory of the business."

Soroye also said the company remains confident in the medium-term financial framework it shared at its last Investor Day.

Segment results

Intelligent Operating Solutions sales were $767.1 million, up from $698.8 million a year earlier. Its adjusted EBITDA rose to $274.7 million from $241.9 million.

Advanced Healthcare Solutions sales were $340.4 million, up from $328.3 million. Its adjusted EBITDA fell to $87.9 million from $92.3 million, a decline of 4.8%.

Cash and capital returns

Fortive repurchased about $300 million of its shares in the quarter, representing about 5 million shares or about 2% of diluted shares outstanding. Since the launch of new Fortive, total repurchases have reached about $2.3 billion, or about 43 million shares, representing about 13% of shares outstanding, the company said.

Free cash flow was $284 million in the quarter, and $1,062 million over the trailing twelve months.