How strong was AMETEK's first-quarter 2026 performance?

Sales reached $1.93 billion, up 11% year over year. GAAP diluted EPS was a record $1.74, and adjusted diluted EPS rose 13% to $1.97. Growth came from both organic sales and recent acquisitions, and operating margins expanded.

What changed in AMETEK's full-year 2026 guidance?

Adjusted EPS guidance was raised to $7.94–$8.14 from $7.87–$8.07, implying 7% to 10% growth over 2025. Management now expects overall sales to grow high single digits.

Why does adjusted EPS differ from GAAP EPS?

Adjusted EPS excludes after-tax acquisition-related intangible amortization ($0.23 per share in Q1) and acquisition-related integration costs. Management argues these items do not reflect ongoing operating performance, but investors should weigh the recurring nature of acquisition activity.

What is the First Aviation Services acquisition and how material is it?

AMETEK agreed to acquire First Aviation Services, a provider of defense and aviation MRO services and proprietary components with about $80 million in annual sales. Given AMETEK's roughly $7.5 billion revenue base, the deal is small, and the filing does not disclose its purchase price or closing timeline.

Which segment drove the quarter's results?

The Electromechanical Group was the standout, with sales up 13% to a record $663.9 million and operating margin up 380 basis points to 25.7%. The Electronic Instruments Group also grew 11%, with core margin up 40 basis points to 31.4%.

AME 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed April 30, 2026. Cited figures are marked; the original filing is the authoritative source.

AMETEK reported record first-quarter 2026 results, with net sales of $1.93 billion^a, up 11% year over year.

GAAP diluted EPS was a record $1.74^b, and adjusted diluted EPS was $1.97, up 13% from $1.75. GAAP operating income rose to $514.9 million, and adjusted operating income increased 14% to $516.6 million, with the operating margin up 50 basis points to 26.8% (the release also cites an adjusted operating margin of 27.9% on a non-GAAP basis). Management highlighted record orders up 23% and a record backlog, with growth coming from both organic sales and recent acquisitions.

The Electromechanical Group was a standout, with sales up 13% to a record $663.9 million^c and operating margin expanding 380 basis points to 25.7%. The Electronic Instruments Group grew sales 11% to $1.26 billion, with adjusted operating income up 6%, and core margin expanded 40 basis points to 31.4%. AMETEK raised its full-year 2026 adjusted EPS guidance to $7.94 to $8.14, up from $7.87 to $8.07, implying 7% to 10% growth, and now expects high-single-digit overall sales growth.

For the second quarter, it guided to high-single-digit sales growth and adjusted EPS of $1.96 to $2.00^d, up 10% to 12%. Separately, AMETEK agreed to acquire First Aviation Services, a defense and aviation MRO and proprietary component provider with about $80 million in annual sales. The deal is subject to customary closing conditions, including regulatory approvals, and its financial terms were not disclosed in the filing.

The acquisition is small relative to AMETEK's roughly $7.5 billion revenue base, but it expands the company's MRO and mission-critical component offerings. For investors, the quarter shows strong top-line momentum, expanding margins, and a record backlog, supporting the company's growth model. Points to monitor include the impact of acquisition-related costs and amortization on GAAP versus adjusted earnings, the company's balance sheet capacity for further acquisitions, and whether order strength continues to convert into sales.

02—Key points

Key Highlights

Record Q1 2026 sales of $1.93B, up 11% year over year, with record orders up 23% and a record backlog
GAAP diluted EPS of a record $1.74; adjusted diluted EPS of $1.97, up 13% from $1.75
Electromechanical Group sales rose 13% to a record $663.9M, with operating margin up 380 bps to 25.7%
Electronic Instruments Group sales rose 11% to $1.26B, with core margin up 40 bps to 31.4%
Raised FY2026 adjusted EPS guidance to $7.94–$8.14 (from $7.87–$8.07) and expects high-single-digit sales growth
Q2 2026 guidance: high-single-digit sales growth and adjusted EPS of $1.96–$2.00, up 10% to 12%
Agreed to acquire First Aviation Services (~$80M annual sales), expanding MRO and mission-critical component capabilities; terms not disclosed and subject to regulatory approvals

03—Questions

Frequently Asked Questions

How strong was AMETEK's first-quarter 2026 performance?
Sales reached $1.93 billion, up 11% year over year. GAAP diluted EPS was a record $1.74, and adjusted diluted EPS rose 13% to $1.97. Growth came from both organic sales and recent acquisitions, and operating margins expanded.
What changed in AMETEK's full-year 2026 guidance?
Adjusted EPS guidance was raised to $7.94–$8.14 from $7.87–$8.07, implying 7% to 10% growth over 2025. Management now expects overall sales to grow high single digits.
Why does adjusted EPS differ from GAAP EPS?
Adjusted EPS excludes after-tax acquisition-related intangible amortization ($0.23 per share in Q1) and acquisition-related integration costs. Management argues these items do not reflect ongoing operating performance, but investors should weigh the recurring nature of acquisition activity.
What is the First Aviation Services acquisition and how material is it?
AMETEK agreed to acquire First Aviation Services, a provider of defense and aviation MRO services and proprietary components with about $80 million in annual sales. Given AMETEK's roughly $7.5 billion revenue base, the deal is small, and the filing does not disclose its purchase price or closing timeline.
Which segment drove the quarter's results?
The Electromechanical Group was the standout, with sales up 13% to a record $663.9 million and operating margin up 380 basis points to 25.7%. The Electronic Instruments Group also grew 11%, with core margin up 40 basis points to 31.4%.

04—Continue

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