AMETEK stock lifts 2026 outlook after record third quarter

AMETEK reported record third-quarter results on Tuesday, November 3, 2026, and raised its full-year outlook. The company's investor release said sales reached 2.22 billion US dollars for the quarter ended September 30, up 17 percent from the prior-year period. Adjusted diluted earnings rose 17 percent to a record 2.21 US dollars per share.

The stock traded at 224.45 euros on Lang & Schwarz at 13:04 Berlin time on Wednesday, November 4, 2026. Investors can follow the real-time quote of AMETEK stock.

Sales and earnings set records

AMETEK said GAAP diluted earnings were 1.85 US dollars per share, compared with 1.60 US dollars a year earlier. The adjusted figure excludes 0.36 US dollars per share for after-tax acquisition-related intangible amortization as well as transaction and integration costs.

GAAP operating income reached a record 584.9 million US dollars. Adjusted operating income rose 20 percent to 594.7 million US dollars, and the operating margin expanded to 26.8 percent, 60 basis points above the third quarter of 2025. Operating cash flow increased 27 percent to 560.6 million US dollars, while free-cash-flow conversion reached 124 percent of net income.

The company said organic sales increased 10 percent, with acquisitions adding seven percentage points to growth. Orders rose 35 percent to 2.65 billion US dollars, and the backlog reached a record 4.54 billion US dollars, up 27 percent from the beginning of the year.

Indicor supports raised guidance

AMETEK completed its acquisition of Indicor Instrumentation during the quarter. The company expects the transaction to contribute about 0.08 US dollars per share to 2026 earnings, with most of the contribution expected in the fourth quarter.

AMETEK now expects 2026 sales to increase by a mid-teens percentage compared with 2025. Adjusted diluted earnings are forecast at 8.53 to 8.57 US dollars per share, up from the previous range of 8.20 to 8.30 US dollars. The outlook includes high-single-digit organic sales growth.

For the fourth quarter, management expects sales to rise by a low-teens percentage compared with the prior-year quarter and adjusted earnings to reach 2.26 to 2.30 US dollars per share. The guidance gives investors a near-term measure for the integration of Indicor and the durability of organic demand.

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