AMETEK delivered record third quarter 2026 results, surpassing analyst expectations for both top and bottom-line performance. Revenue rose 17% year-over-year to $2.22 billion, while adjusted earnings reached a record $2.21 per share. The company's performance was characterized by strong core margin expansion and robust cash flow, leading management to increase its full-year 2026 adjusted earnings guidance to a range of $8.53 to $8.57 per share.
Key Highlights
- Adjusted operating margins reached 26.8%, reflecting a 60 basis point year-over-year increase and 110 basis points of core margin expansion.
- Electromechanical Group (EMG) sales grew 20% to $778 million, supported by broad-based organic growth and acquisition contributions.
- Operating cash flow surged 27% to $560.6 million, yielding an excellent free cash flow to net income conversion rate of 124%.