Ametek Tops Estimates With Third-Quarter Sales of $2.22 Billion and Adjusted EPS of $2.21

AMETEK, Inc. (NYSE: AME) reported third-quarter sales of $2.22 billion, above the $2.13 billion analysts expected, and adjusted earnings of $2.21 per diluted share against the $2.11 consensus estimate, in an 8-K furnished Tuesday.

Sales rose 17% from the third quarter of 2025, when the company reported $1.89 billion. Adjusted earnings were up 17% from $1.89 per diluted share a year earlier. On a GAAP basis, third-quarter earnings were $1.85 per diluted share, compared with $1.60 a year earlier.

Segment results

Electronic Instruments Group sales were $1.44 billion, up 16%. The group's adjusted operating income rose 15% to $414.6 million, and the company said it posted 60 basis points of core margin expansion in the segment.

Electromechanical Group sales were $778.0 million, up 20% from the prior year period. Adjusted operating income increased 29% to $212.0 million, with an adjusted operating margin of 27.2%. The company cited 210 basis points of core margin expansion for the group.

At the consolidated level, GAAP operating income was a record $584.9 million. Adjusted operating income rose 20% to $594.7 million, and the adjusted operating margin was 26.8%, up 60 basis points from a year earlier.

Full-year and fourth-quarter outlook

For 2026, AMETEK now expects overall sales to rise by a mid-teens percentage from 2025. It forecasts adjusted earnings of $8.53 to $8.57 per diluted share, up about 15% from 2025 and above the $8.38 consensus estimate. The company attributed the raise to its third-quarter results, its fourth-quarter outlook and the expected contribution from Indicor Instrumentation, which it completed during the quarter.

For the fourth quarter, AMETEK expects sales to rise in the low 20% range from a year earlier. It forecasts adjusted earnings of $2.26 to $2.30 per share, up 12% to 14%. The midpoint of that range is above the $2.20 analysts expected for the quarter.

Cash flow and dividend

Operating cash flow rose 27% to $560.6 million in the quarter. Free cash flow was $527.4 million, and free cash flow conversion to net income was 124%. The company's quarterly dividend was $0.34 per share, up from $0.31.

AMETEK's last close before the filing was $241.91 on Nov. 2, 2026, giving it a market value of about $55.46 billion.