AMETEK stock raises 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 official release, the industrial technology company said sales for the quarter ended September 30 reached a record 2.22 billion US dollars.

Record Sales Support Higher Guidance

Sales increased 17 percent from the third quarter of 2025. GAAP diluted earnings rose to 1.85 US dollars per share from 1.60 US dollars, while adjusted diluted earnings increased 17 percent to 2.21 US dollars. 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 was 26.8 percent, 60 basis points above the prior-year quarter. Operating cash flow increased 27 percent to 560.6 million US dollars, while free cash flow conversion reached 124 percent of net income.

Indicor Expands Industrial Portfolio

Chief Executive Officer David A. Zapico said strong organic sales and orders, contributions from recent acquisitions and operating performance drove the quarter. AMETEK also completed its acquisition of Indicor Instrumentation during the period, adding a portfolio of industrial technology businesses to its existing operations.

The Electronic Instruments Group generated record sales of 1.44 billion US dollars, up 16 percent year over year. The Electromechanical Group reported sales of 778.0 million US dollars, an increase of 20 percent. The figures show broad contributions from both main operating groups rather than growth concentrated in one division.

For 2026, AMETEK now expects overall 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 forecast includes the expected contribution from Indicor Instrumentation.

Fourth-Quarter Execution Remains Key

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. Investors will therefore focus on the pace of integration and on whether the acquired businesses contribute as expected during the final quarter.

AMETEK stock traded at 206.30 euros on Lang & Schwarz at 13:15 CET on Monday, November 9, 2026. The quote provides a current trading indication for investors following the raised outlook.

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