AMETEK beats Q2 sales and adjusted EPS estimates, raises 2026 outlook
AME•Q2 results beat estimates
AMETEK beat Wall Street expectations for second-quarter sales and adjusted earnings per share, with sales rising 15% and adjusted EPS increasing 17%.
The US industrial technology firm reported Q2 sales of $2.04 billion, compared with consensus estimates of $1.95 billion from 16 analysts. Adjusted EPS came in at $2.09, above the $1.99 estimate from 17 analysts.
Analyst coverage and valuation
The current average analyst rating on the shares is "buy", with 15 "strong buy" or "buy" ratings, 6 "hold" ratings and no "sell" or "strong sell" ratings.
The average consensus recommendation for the electrical components & equipment peer group is "buy". Wall Street's median 12-month price target for AMETEK Inc is $262.00, about 7.5% above its August 3 closing price of $243.77. The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 28 three months ago.
