AMETEK Reports 15% Revenue Growth to $2.04 Billion in Q2 2026

AMETEK, Inc. reported strong financial results for the second quarter and first half of 2026, with net sales reaching $2.04 billion for the quarter, a 15% increase from $1.78 billion in the same period last year. For the first six months, net sales totaled $3.97 billion, up 13.2% from $3.51 billion in 2025. The company's operating income for the second quarter was $528.2 million, reflecting a 14.4% increase from $461.6 million in the prior year, while net income rose to $406.9 million, a 13.5% increase compared to $358.4 million in the second quarter of 2025. Diluted earnings per share also increased to $1.77, up from $1.55 a year earlier.

The growth in revenue was attributed to a combination of organic sales growth and contributions from recent acquisitions, including LKC Technologies and First Aviation Services. The company reported a 10% increase in organic sales and a 5% contribution from acquisitions for the second quarter. International sales accounted for 47.1% of total net sales, amounting to $963.7 million, driven by demand in Europe and Asia. Orders for the quarter reached a record $2.28 billion, a 28.2% increase from the previous year, with a backlog of unfilled orders growing to $4.11 billion.

Operationally, AMETEK's cost of sales for the second quarter was $1.31 billion, representing 64% of net sales, which is a slight improvement from 64.2% in the prior year. The company’s selling, general, and administrative expenses increased to $206.8 million, or 10.1% of net sales, reflecting higher costs associated with recent acquisitions. The company also incurred $16.2 million in acquisition-related costs during the quarter, which impacted operating margins. Despite these costs, segment operating income increased to $559 million, with operating margins slightly declining to 27.3%.

AMETEK's balance sheet showed total assets of $16.59 billion as of June 30, 2026, up from $16.07 billion at the end of 2025. The company’s total debt decreased to $2.04 billion, down from $2.28 billion at the end of the previous year. Cash and cash equivalents increased to $495.4 million, compared to $458 million at the end of 2025. The company declared a quarterly dividend of $0.34 per share, reflecting a 10% increase from the previous quarter.

Looking ahead, AMETEK is optimistic about its growth trajectory, bolstered by its recent acquisitions and ongoing operational excellence initiatives. The company has entered into a definitive agreement to acquire Indicor Instrumentation for approximately $5 billion, which is expected to close in the second half of 2026. This acquisition is anticipated to further enhance AMETEK's capabilities in the instrumentation sector and contribute to its long-term growth strategy.