AMETEK’s Q1 2026 results were generally in line with market expectations, as reflected in the modest +1.1% share price reaction post-earnings. Management highlighted broad-based double-digit sales and order growth, improved margins, and an upward revision to full-year guidance.
- Sales rose 11% year-over-year to $1.93 billion, with 5% organic growth and acquisitions contributing another 5 points.
- Orders reached a record $2.2 billion, up 23% versus the prior year; organic orders advanced 22%, driving backlog to $3.87 billion.
- Diluted EPS was $1.97, up 13% year-over-year and above the prior $1.85–$1.90 guidance range.
- Both operating and EBITDA margins expanded, with core operating margin up 160 bps to 27.9% and EBITDA margin at 32.1%.
- Management raised full-year guidance and announced an agreement to acquire First Aviation Services to expand defense aftermarket operations.
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