AMETEK (NYSE:AME) Announces Quarterly Earnings Results

AMETEK (NYSE:AME) announced its quarterly earnings data on Tuesday. The technology company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.10, Zacks reports. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.12 billion. AMETEK had a return on equity of 16.93% and a net margin of 20.04%. The business’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.89 earnings per share.

Here are the key takeaways from AMETEK’s conference call:

• Record third-quarter performance: Sales rose 17% to $2.22 billion, organic sales increased 10%, adjusted EPS grew 17% to $2.21, and free cash flow reached a record $527 million. Core operating margins expanded 110 basis points to 27.3%, supported by productivity and favorable pricing.
• Demand and backlog remain strong: Organic orders increased 17%, with September producing a record monthly order level, and backlog reached $4.54 billion, up 27% from the start of the year. Strength was broad-based, particularly in aerospace and defense, semiconductor, automation, power, and process instrumentation.
• Full-year guidance was raised: AMETEK now expects 2026 sales growth in the mid-teens, organic sales growth in the high-single digits, and adjusted EPS of $8.53-$8.57, up from its prior $8.20-$8.30 forecast. Fourth-quarter EPS is expected to rise 12%-14% to $2.26-$2.30.
• Indicor integration is progressing: The acquisition contributed more than $100 million of third-quarter revenue and approximately $0.08 of expected 2026 EPS accretion. Management is targeting 10%-12% synergies over three years, while the transaction increased debt and quarterly interest expense by $17 million year over year.
• Acquisition strategy remains active: Management said there will be no pause in M&A, citing a robust pipeline and $2.7 billion of cash and available credit capacity. Executives also highlighted continued momentum in commercial aerospace, defense, semiconductor markets, medical technology, and Asia, although Europe remains comparatively weak.

AMETEK Stock Performance

NYSE:AME opened at $249.51 on Wednesday. The stock has a market cap of $57.19 billion, a P/E ratio of 36.48, a price-to-earnings-growth ratio of 2.29 and a beta of 0.96. The firm’s fifty day simple moving average is $243.74 and its 200 day simple moving average is $234.40. AMETEK has a twelve month low of $188.47 and a twelve month high of $261.16. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 0.09.

AMETEK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.34 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.36 annualized dividend and a yield of 0.5%. AMETEK’s payout ratio is 19.88%.

Analyst Ratings Changes

Several brokerages recently commented on AME. DA Davidson set a $285.00 target price on shares of AMETEK in a research note on Wednesday, October 7th. KeyCorp increased their price target on shares of AMETEK from $260.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Mizuho cut their price target on shares of AMETEK from $285.00 to $275.00 and set an “outperform” rating on the stock in a report on Wednesday. Truist Financial boosted their price objective on shares of AMETEK from $303.00 to $316.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets upped their price objective on shares of AMETEK from $262.00 to $282.00 in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, AMETEK has a consensus rating of “Moderate Buy” and an average target price of $276.56.

Key Stories Impacting AMETEK

Here are the key news stories impacting AMETEK this week:

• Positive Sentiment: AMETEK reported third-quarter EPS of $2.21, above analyst expectations of about $2.11–$2.12, and revenue of $2.22 billion versus estimates of roughly $2.12 billion. Revenue rose 17.3% year over year. AMETEK Announces Record Third Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: The company raised its 2026 EPS outlook to $8.53–$8.57 and indicated it is targeting mid-teens sales growth following the expected close of its Indicor transaction. The higher forecast and management’s confidence in broad-based growth may support investor expectations. AMETEK forecasts 2026 EPS and targets mid-teens sales growth
• Positive Sentiment: AMETEK Programmable Power also received a $29.8 million U.S. Air Force contract for VDATS kits, adding a defense-related order to the company’s demand picture. AMETEK Programmable Power awarded Air Force contract

Insider Buying and Selling

In other AMETEK news, insider David Hermance sold 6,608 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,678,432.00. Following the completion of the transaction, the insider directly owned 42,509 shares in the company, valued at approximately $10,797,286. This represents a 13.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

AMETEK Company Profile

AMETEK, Inc is a global manufacturer of industrial technology solutions. The company develops and produces advanced analytical, monitoring, testing, and measurement instruments, as well as engineered electromechanical products used in industrial, aerospace, defense, energy, medical, and other specialized markets.

AMETEK operates through two primary business groups: Electronic Instruments and Electromechanical. Its products include process and power monitoring systems, analytical instruments, automation and control technologies, aerospace and defense equipment, precision motion-control systems, motors, thermal-management solutions, engineered materials, and specialty metal products.

The company traces its roots to 1930 and has expanded through the development and acquisition of specialized technology businesses.