AMETEK Announces Record Performance in the Third Quarter of 2026 and Raises Full-Year Guidance

Beverly, Pennsylvania, November 3rd / PRNewswire / -- AMETEK, Inc. ( NYSE : AME ) Today, we announce the financial results for the third quarter as of September 30, 2026.

AMETEK recorded record-breaking sales in the third quarter, reaching $2.22 billion, a 17% increase from the third quarter of 2025. According to GAAP's metrics, earnings per share in the third quarter also reached a record high of $1.85. Adjusted earnings per share for the third quarter were a record $2.21, representing a 17% increase from the same period last year. The adjusted earnings per share exclude non-cash, after-tax amortization of intangible assets related to mergers and acquisitions, as well as transaction and integration costs, which amount to $0.36 per share.

This quarter, GAAP achieved record revenue of $584.9 million. After adjustment, operating revenue increased by 20% to reach a record $594.7 million, with an operating margin of 26.8%, which is 60 basis points higher than in the third quarter of 2025. Operating cash flow increased by 27% this quarter to $560.6 million, and the ratio of free cash flow to net profit was 124%. The financial statements attached to this press release, as well as those available on the AMETEK website, include a comparison table that adjusts GAAP's performance to adjusted figures.

AMETEK Chairman and CEO David A. Zap The token issuance indicates that: AMETEK achieved outstanding results in the third quarter. Sustained strong organic sales and order growth, contributions from recent acquisitions, as well as excellent operational performance, collectively drove a 20% increase in operating profit, a significant expansion of the core profit margin by 110 basis points, and resulted in record-breaking free cash flow. In addition, we completed the acquisition of Ind token issuance r Instrumentation in the third quarter, which is a set of highly differentiated industrial technology businesses.

Electronic Instruments Group ( Electronic Instruments Group , EIG )

EIG recorded record-breaking sales in the third quarter, reaching $1.44 billion, a 16% increase from the third quarter of 2025. According to the GAAP measurement, EIG's operating income in the third quarter also reached a record high of $406.7 million. After adjustment, EIG's operating income increased by 15%, reaching a record $414.6 million.

Zap Token Issuance Indicates: “EIG Achieved Excellent Results in the Third Quarter, with Strong Sales Growth and Notable Order Increases, and Outstanding Operations. The quarterly sales growth was broad-based, driven by both robust internal sales growth and contributions from recent acquisitions. In addition, EIG's outstanding operational performance led to an expansion of the core profit margin by 60 basis points this quarter.”

Mechanical and Electrical Group ( Electromechanical Group , EMG )

EMG recorded record-breaking sales in the third quarter, reaching $778 million, a 20% increase from the same period last year. This quarter, EMG achieved record-breaking operating income according to the GAAP measurement standard, amounting to $210 million. After adjustment, EMG's operating income increased by 29%, reaching a record $212 million, with an operating profit margin of 27.2%.

Zap Token issuance indicates that: EMG performed exceptionally well in the third quarter. Overall sales increased by 20%, mainly driven by strong and widespread organic sales growth as well as recent acquisitions. EMG also delivered very strong operating results, with adjusted operating profit increasing significantly by 29% and the core profit margin expanding by 210 basis points.

Outlook for the Fourth Quarter and the Whole Year of 2026

Zap Token issuance indicates that: 'The performance in the third quarter demonstrated the quality of our business, the attractiveness of the end-market opportunities, and the maturity and effectiveness of the AMETEK growth model. As a provider of critical, highly engineered solutions, we are well-positioned and in line with the main long-term growth trends, which supports the broad growth of our sales and orders. In addition, our financial results reflect the value of our disciplined capital allocation and acquisition strategy.'

"For 2026, we now expect overall annual sales to grow by a percentage in the mid-teens to double digits compared to 2025. After adjustment, earnings per share are now estimated to be between $8.53 and $8.57, which represents a growth of about 15% from the full-year results of 2025. This is higher than the previous guidance range of $8.20 to $8.30 and reflects our outstanding third-quarter performance, fourth-quarter prospects, as well as the expected contribution from the issuance of Ind tokens and the acquisition of Instrumentation," he added.

"For the fourth quarter of 2026, we expect overall sales to grow by approximately 20% in the lower range compared to the fourth quarter of 2025. Earnings per share after adjustments for that quarter are expected to be between $2.26 and $2.30, representing a growth of 12% to 14% over the fourth quarter of 2025," summarized the Zap token issuance.

Teleconference

AMETEK will live stream its third-quarter 2026 investor conference at 8:30 a.m. Eastern Time on Tuesday, November 3, 2026. The live audio broadcast can be listened to in the investors section of www.ametek.com, and the recording is also available for later viewing.

Company Profile

AMETEK ( NYSE : AME ) is a globally leading provider of industrial technology solutions, serving a diverse and attractive range of niche markets with annual sales of approximately $9 billion. AMETEK's growth model combines four strategic growth pathways – operational excellence, technological innovation, global and market expansion, and strategic acquisitions – with a strict focus on cash creation and capital allocation. AMETEK's goal is to achieve double-digit percentage growth in earnings per share throughout the business cycle and to obtain excellent total capital returns. AMETEK was founded in 1930, has been listed on the New York Stock Exchange for over 95 years, and is a component of the S&P 500 index. For more information, please visit www.ametek.com.

Forward-looking Information

Statements regarding future events in this press release, such as the expected business and financial performance of AMETEK, are considered "forward-looking statements." These statements reflect management's current expectations, estimates, and projections regarding future events and are subject to known and unknown risks, uncertainties, and other factors. Actual results may differ significantly from those anticipated. Such factors and uncertainties include, but are not limited to: risks related to the company's ability to complete and successfully integrate future acquisitions; risks associated with international sales and operations, including disruptions in the supply chain; tariffs, trade disputes, currency fluctuations, and geopolitical developments; the company's ability to successfully develop new products, open new factories, or shift product lines; prices and availability of raw materials; cybersecurity and information technology risks; compliance with government regulations (including environmental regulations); changes in the competitive environment; impacts from market competition; the company's ability to maintain sufficient liquidity and financing sources; and general economic conditions affecting the industries the company serves. A detailed discussion of these and other factors that may affect the company's future performance is contained in the documents submitted by AMETEK to the U.S. Securities and Exchange Commission, including the most recent 10-K, 10-Q, and 8-K reports. Unless required by securities law, AMETEK has no intention or obligation to update or revise any forward-looking statements.

Contact Information:

Kevin Coleman

Vice President of Investor Relations and Finance

[ email protected ]

Telephone: 610.889.5247

Use of non-GAAP financial information

In addition to the consolidated financial statements prepared in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”), the company also provides certain non-GAAP financial information to offer investors deeper insights, enhance transparency, and provide a more comprehensive understanding of the information used by management in financial and operational decisions. A reconciliation table between the non-GAAP indicators and the most directly comparable GAAP indicators is included in the accompanying financial statements. These non-GAAP financial indicators should be considered supplementary information and are not intended to replace or be superior to the comparable GAAP indicators; moreover, they may not be directly comparable to indicators reported by other companies with the same names.

The financial indicators mentioned in this press release that are not GAAP include adjusted operating revenue, adjusted operating margin, and adjusted earnings per share. These indicators exclude items that management believes do not reflect the ongoing operational performance of AMETEK, such as after-tax amortization of intangible assets related to mergers and acquisitions, and one-time costs associated with mergers and acquisitions (including transaction-related costs, purchase accounting adjustments, and integration-related costs).

When providing forward-looking guidance for quarterly and annual GAAP and non-GAAP indicators, the company did not include adjustment items such as merger and acquisition-related costs, as the timing and/or scale of these items depend on future events.

The company believes that these indicators provide useful information to investors by reflecting other aspects of the operations of AMETEK. After being adjusted to comparable GAAP indicators, they help investors better understand the company's long-term profit trends and facilitate the comparison of the company's profitability with previous and subsequent periods as well as with its peers.