AMETEK stock outlook rises after record third-quarter sales

AMETEK reported record third-quarter results on Tuesday, November 3, 2026, and raised its full-year outlook. In its official release, the industrial technology company reported record sales of 2.22 billion US dollars for the quarter ended September 30.

Record Sales Lift Guidance

Third-quarter sales rose 17 percent from the prior-year period. GAAP diluted earnings reached 1.85 US dollars per share, up from 1.60 US dollars, while adjusted diluted earnings increased 17 percent to 2.21 US dollars per share. AMETEK said the adjusted figure excludes after-tax acquisition-related intangible amortization as well as transaction and integration costs.

GAAP operating income reached 584.9 million US dollars. Adjusted operating income rose 20 percent to 594.7 million US dollars, and the adjusted operating margin expanded to 26.8 percent. Operating cash flow increased 27 percent to 560.6 million US dollars, with free cash flow conversion at 124 percent of net income.

Indicor Broadens the Portfolio

AMETEK completed its acquisition of Indicor Instrumentation during the quarter. The Electronic Instruments Group generated record sales of 1.44 billion US dollars, up 16 percent year over year, while the Electromechanical Group reported sales of 778.0 million US dollars, an increase of 20 percent.

Management now expects 2026 sales to rise in the mid-teens percentage range from 2025. Adjusted diluted earnings are projected at 8.53 to 8.57 US dollars per share, compared with the previous range of 8.20 to 8.30 US dollars. The revised outlook includes the expected contribution from Indicor.

Fourth-Quarter Execution Matters

Management expects fourth-quarter sales to increase in the low-20-percent range from the prior-year quarter. Adjusted fourth-quarter earnings are forecast at 2.26 to 2.30 US dollars per share, representing growth of 12 percent to 14 percent. Integration progress and the contribution from the acquired businesses will therefore shape the next test of the raised outlook.

AMETEK stock traded at 212.20 euros on Lang & Schwarz at 16:38 CET on Monday, November 9, 2026. That was 2.86 percent above the 206.30-euro quote in the prior AMETEK report published at 13:20 CET on the same day.

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