AMETEK stock gets higher 2026 outlook after record third quarter

AMETEK reported record third-quarter results on Tuesday, November 3, 2026, and raised its full-year outlook. In its earnings release, the industrial technology company said sales for the quarter ended September 30 reached a record 2.22 billion US dollars, up 17 percent from the prior-year period.

AMETEK stock traded at 216.05 euros on Lang & Schwarz at 13:07 CET on Wednesday, November 11.

Record sales strengthen earnings outlook

GAAP earnings were a record 1.85 US dollars per diluted share. Adjusted earnings, which exclude non-cash after-tax acquisition-related intangible amortization and transaction and integration costs, reached 2.21 US dollars per diluted share, also a record and 17 percent above the third quarter of 2025.

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

Indicor expands the growth plan

AMETEK completed the acquisition of Indicor Instrumentation during the quarter. Chief Executive Officer David A. Zapico said strong organic sales and orders, recent acquisitions and operating performance supported the result. He also pointed to mission-critical products and secular growth trends as foundations for the company's expansion.

The company now expects 2026 sales to rise in the mid-teens percentage range from 2025. Adjusted earnings per diluted share are forecast at 8.53 to 8.57 US dollars, compared with the previous range of 8.20 to 8.30 US dollars and approximately 15 percent growth from the 2025 result. The raised range includes the expected contribution from Indicor Instrumentation.

For the fourth quarter, AMETEK expects overall sales to increase in the low 20 percent range from the prior-year quarter. Adjusted earnings are projected at 2.26 to 2.30 US dollars per share, representing growth of 12 to 14 percent.

What the outlook means for investors

The results point to a combination of internal growth, acquisition contributions and operating leverage. The higher forecast also places greater focus on the integration of Indicor and on the company's ability to convert increased sales into cash while maintaining margins.

The company's broad industrial exposure and disciplined acquisition strategy remain central to its stated growth model. The next reported quarter will show how much of the raised outlook is delivered after the acquisition's first full quarter within AMETEK.

US industrial technology shares trade within the wider S&P 500 market.

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