AMETEK jumps after record Q1 results, higher 2026 EPS guidance, and record backlog
AMETEK shares are rising after the company reported record Q1 2026 results, with sales of $1.93 billion (+11% y/y) and adjusted EPS of $1.97 (+13% y/y). Management also raised full-year 2026 adjusted EPS guidance to $7.94–$8.14 from $7.87–$8.07 and highlighted record orders (+23%) and a record backlog.
1) What’s driving AMETEK (AME) today
AMETEK is moving higher after reporting record first-quarter 2026 results and raising its full-year outlook. The company posted Q1 sales of $1.93 billion, up 11% year over year, and delivered record GAAP EPS of $1.74 alongside adjusted EPS of $1.97 per diluted share, up 13%. It also pointed to record orders up 23% in the quarter, producing a record backlog—supporting confidence in near-term demand.
2) Guidance raised: the key catalyst investors are reacting to
AMETEK lifted its 2026 adjusted EPS guidance range to $7.94–$8.14, up from the prior $7.87–$8.07 range, and said it now expects overall 2026 sales to be up high single digits versus 2025. For Q2 2026, AMETEK guided adjusted EPS to $1.96–$2.00, up 10% to 12% year over year, reinforcing the message that momentum is carrying into the next quarter.
3) Segment performance and margin tone
In Q1, the Electronic Instruments Group reported $1.26 billion in sales (+11% y/y) with adjusted operating income of $375.6 million, while the Electromechanical Group posted record sales of $663.9 million (+13% y/y) and record operating income of $170.8 million. Consolidated operating margin commentary was constructive, with the company reporting operating leverage and margin expansion alongside strong demand across end markets.