AMETEK (AME) Q1 FY2026 earnings: revenue $1.9 billion, up 11.3% on the year

AMETEK Inc. (AME) reported revenue of $1.9 billion for Q1 FY2026, the quarter ended 31 March 2026, up 11.3% on the same quarter a year earlier. Net income was $399 million, up 13.5% on the year, and diluted earnings per share $1.74. The figures are the company's own, from the 10-Q it filed with the SEC on 30 April 2026.

Revenue

$1.9 billion

+11.3% on the year · -3.5% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

26.7%

26.3% a year earlier

Q2 FY2024Q1 FY2026

Net income

$399 million

+13.5% on the year · +0.2% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$1.74

+14.5% on the year · +0.6% on the quarter

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 3 new.

Sales rose 11% to $1.93 billion: Net sales were $1,928.4 million against $1,732.0 million a year earlier. Management attributed earnings growth to organic sales growth and recent acquisitions.
Adjusted EPS rose 13% to $1.97: GAAP diluted EPS was a record $1.74, against $1.52. Adjusted diluted EPS was $1.97, against $1.75, after adding back $0.23 of after-tax amortization and integration costs.
EMG operating income up 33%: EMG operating income rose 33% to a record $170.8 million, from $128.7 million. Operating margin was 25.7%, up 380 basis points on the prior year.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	1,928	1,998	1,732	-3.5%	+11.3%
Cost of revenue	1,211	1,278	1,107	-5.3%	+9.4%
Gross profit	718	720	625	-0.4%	+14.8%
Gross margin	37.2%	36.0%	36.1%
Selling, general and administrative	203	215	170	-5.7%	+19.1%
Operating income	515	505	455	+1.9%	+13.2%
Operating margin	26.7%	25.3%	26.3%
Interest expense	20.9	22.9	19.0	-8.7%	+10.1%
Pre-tax income	493	474	434	+4.0%	+13.5%
Income tax	93.6	75.4	82.5	+24.2%	+13.5%
Effective tax rate	19.0%	15.9%	19.0%
Net income	399	399	352	+0.2%	+13.5%
Net margin	20.7%	19.9%	20.3%
Diluted EPS	$1.74	$1.73	$1.52	+0.6%	+14.5%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	452	584	418	-22.7%	+8.1%
Capital expenditure	25.5	57.0	23.1	-55.3%	+10.4%
Free cash flow	426	527	394	-19.2%	+8.0%
Free cash flow margin	22.1%	26.4%	22.8%
Cash from investing	-235	-57.0	-126
Cash from financing	-188	-510	-278
Depreciation and amortisation	105	106	106	-0.2%	-0.8%
Share-based compensation	9.7	12.5	9.5	-22.6%	+2.6%
Buybacks	27.9	270	18.0	-89.7%	+55.1%
Dividends paid	77.8	71.0	71.5	+9.6%	+8.9%
Dividend per share	$0.34	n/a	$0.31		+9.7%
Diluted shares, weighted	230m	230m	232m	-0.2%	-0.7%
Shares outstanding at period end	229m	229m	231m	+0.1%	-0.7%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	10,919	10,629	9,970	+2.7%	+9.5%
Debt	2,178	2,283	1,931	-4.6%	+12.8%
Operating lease liabilities	217	227	182	-4.4%	+19.1%
Other liabilities	2,996	2,928	2,794	+2.3%	+7.2%
Total liabilities and equity	16,310	16,068	14,877	+1.5%	+9.6%
Fixed assets	840	855	831	-1.7%	+1.1%
Goodwill	7,266	7,171	6,631	+1.3%	+9.6%
Intangible assets	4,165	4,128	3,917	+0.9%	+6.3%
Cash and equivalents	481	458	399	+5.1%	+20.6%
Receivables	1,154	1,119	997	+3.1%	+15.8%
Inventory	1,143	1,106	1,070	+3.3%	+6.9%
Other assets	1,259	1,230	1,033	+2.4%	+21.9%
Total assets	16,310	16,068	14,877	+1.5%	+9.6%

Questions

What was AMETEK's revenue in Q1 FY2026?

AMETEK (AME) reported revenue of $1.9 billion for Q1 FY2026, the quarter ended 31 March 2026, up 11.3% on the same quarter a year earlier.

How much did AMETEK earn in Q1 FY2026?

Net income for Q1 FY2026 was $399 million, up 13.5% on the year, and diluted earnings per share $1.74.

When did AMETEK report Q1 FY2026 results?

AMETEK filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 30 April 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,504	1,459	1,515	1,552	1,626	1,597	1,646	1,623	1,731	1,736	1,735	1,709	1,762	1,732	1,778	1,893	1,998	1,928	2,044	2,220
Cost of revenue	982	949	988	1,005	1,064	1,023	1,053	1,021	1,116	1,145	1,110	1,093	1,117	1,107	1,142	1,207	1,278	1,211	1,309	1,410
Gross profit	521	510	526	547	562	575	593	602	615	591	624	616	645	625	636	686	720	718	735	810
Gross margin	35%	35%	35%	35%	35%	36%	36%	37%	36%	34%	36%	36%	37%	36%	36%	36%	36%	37%	36%	37%
SG&A	160	156	162	163	164	169	174	164	170	174	177	170	176	170	174	198	215	203	207	225
Operating income	361	353	365	385	398	406	419	438	445	417	448	446	469	455	462	488	505	515	528	585
Operating margin	24%	24%	24%	25%	24%	25%	25%	27%	26%	24%	26%	26%	27%	26%	26%	26%	25%	27%	26%	26%
Interest expense	20.5	19.6	20.4	20.2	23.0	20.6	18.7	18.4	24.1	35.3	30.6	25.1	22.0	19.0	16.9	22.5	22.9	20.9	30.1	39.8
Pre-tax income	339	336	346	368	379	380	396	413	417	381	417	419	444	434	442	448	474	493	492	522
Tax rate	17%	19%	18%	19%	19%	19%	18%	18%	18%	18%	19%	19%	13%	19%	19%	17%	16%	19%	17%	18%
Net income	282	272	282	298	307	306	324	340	343	311	338	340	387	352	358	371	399	399	407	426
Net margin	19%	19%	19%	19%	19%	19%	20%	21%	20%	18%	19%	20%	22%	20%	20%	20%	20%	21%	20%	19%
Diluted EPS	$1.21	$1.17	$1.22	$1.29	$1.33	$1.32	$1.40	$1.47	$1.48	$1.34	$1.45	$1.47	$1.67	$1.52	$1.55	$1.60	$1.73	$1.74	$1.77	$1.85
Operating cash flow	282	201	236	327	385	387	335	473	541	410	381	487	550	418	359	441	584	452	484	561
Capital expenditure	43.4	26.4	26.2	28.3	58.2	20.0	27.8	28.7	59.7	27.7	21.4	26.3	51.7	23.1	29.3	20.9	57.0	25.5	32.0	33.2
Free cash flow	238	175	210	299	327	367	307	444	481	383	360	461	498	394	330	420	527	426	452	527
Buybacks	1.6	157	175	0.0	1.4	6.5	0.0	0.1	1.2	6.9	0.7	60.4	144	18.0	0.1	146	270	27.9	0.2	0.1
Dividends paid	46.2	50.8	50.4	50.4	50.5	57.5	57.6	57.6	57.6	64.7	64.7	64.7	64.7	71.5	71.5	71.4	71.0	77.8	77.9	77.9
Shares outstanding	232m	231m	230m	230m	230m	230m	231m	231m	231m	231m	232m	231m	231m	231m	231m	230m	229m	229m	229m	229m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2026, filed 30 April 2026: the filing.