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Why Is Ametek (AME) Down 8.5% Since Last Earnings Report?
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A month has gone by since the last earnings report for Ametek (AME - Free Report) . Shares have lost about 8.5% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Ametek due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for AMETEK, Inc. before we dive into how investors and analysts have reacted as of late.
AMETEK, Inc. reported second-quarter 2026 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate.
AMETEK reported its second-quarter non-GAAP earnings of $2.09 per share, which beat the Zacks Consensus Estimate by 5%. The figure increased 17% year over year.
AMETEK’s top line of $2.04 billion surpassed the Zacks Consensus Estimate by 4.5%. The figure increased 15% year over year.
The company experienced an increase in sales in its largest EIG segment, along with a year-over-year improvement in the EMG segment.
AMETEK’s Q2 2026 Details
EIG sales (64.6% of total revenues) in the second quarter were $1.32 billion, up 14% from the year-ago quarter’s reported figure. Our model estimate for EIG sales was pegged at $1.26 billion.
In the second quarter, revenues from EMG (35.4% of total revenues) were $723.2 million, up 17% from the year-ago quarter. Our model estimate for EMG sales was pegged at $688.6 million.
For the second quarter, adjusted operating income increased 18% year over year to $544.4 million. The operating margin expanded 60 basis points (bps) from the year-ago quarter.
EIG's second-quarter adjusted operating income was $384.7 million, up 12% year over year.
EMG’s adjusted operating income in the quarter increased 32% to $190.5 million.
AME’s Balance Sheet Details
As of June 30, 2026, AME had cash and cash equivalents of $495.4 million compared with the previous quarter’s $481.25 million.
As of June 30, 2026, AME’s long-term debt was $1.056 billion, down marginally from the previous quarter’s $1.062 billion.
AME Raises Guidance for 2026
For 2026, AME expects overall sales to increase 10% year over year, up from the prior guidance of overall sales to be up in the high single digits. The company expects its adjusted earnings per share to be in the range of $8.20-$8.30, indicating an increase of 10% to 12% year over year, up from its prior guidance of $7.94-$8.14.
For the third quarter of 2026, the company expects overall sales to be up in the high single digits compared with the same period last year. Adjusted earnings for the third quarter are expected to be in the range of $2.08-$2.10, indicating a year-over-year increase of 10-11%.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a upward trend in fresh estimates.
VGM Scores
Currently, Ametek has a average Growth Score of C, however its Momentum Score is doing a lot better with an A. However, the stock has a score of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Ametek has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
View the Zacks #1 Rank List
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Why Is Ametek (AME) Down 8.5% Since Last Earnings Report?
A month has gone by since the last earnings report for Ametek (AME - Free Report) . Shares have lost about 8.5% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Ametek due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for AMETEK, Inc. before we dive into how investors and analysts have reacted as of late.
AMETEK Q2 Earnings Surpass Expectations, Revenues Rise Y/Y
AMETEK, Inc. reported second-quarter 2026 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate.
AMETEK reported its second-quarter non-GAAP earnings of $2.09 per share, which beat the Zacks Consensus Estimate by 5%. The figure increased 17% year over year.
AMETEK’s top line of $2.04 billion surpassed the Zacks Consensus Estimate by 4.5%. The figure increased 15% year over year.
The company experienced an increase in sales in its largest EIG segment, along with a year-over-year improvement in the EMG segment.
AMETEK’s Q2 2026 Details
EIG sales (64.6% of total revenues) in the second quarter were $1.32 billion, up 14% from the year-ago quarter’s reported figure. Our model estimate for EIG sales was pegged at $1.26 billion.
In the second quarter, revenues from EMG (35.4% of total revenues) were $723.2 million, up 17% from the year-ago quarter. Our model estimate for EMG sales was pegged at $688.6 million.
For the second quarter, adjusted operating income increased 18% year over year to $544.4 million. The operating margin expanded 60 basis points (bps) from the year-ago quarter.
EIG's second-quarter adjusted operating income was $384.7 million, up 12% year over year.
EMG’s adjusted operating income in the quarter increased 32% to $190.5 million.
AME’s Balance Sheet Details
As of June 30, 2026, AME had cash and cash equivalents of $495.4 million compared with the previous quarter’s $481.25 million.
As of June 30, 2026, AME’s long-term debt was $1.056 billion, down marginally from the previous quarter’s $1.062 billion.
AME Raises Guidance for 2026
For 2026, AME expects overall sales to increase 10% year over year, up from the prior guidance of overall sales to be up in the high single digits. The company expects its adjusted earnings per share to be in the range of $8.20-$8.30, indicating an increase of 10% to 12% year over year, up from its prior guidance of $7.94-$8.14.
For the third quarter of 2026, the company expects overall sales to be up in the high single digits compared with the same period last year. Adjusted earnings for the third quarter are expected to be in the range of $2.08-$2.10, indicating a year-over-year increase of 10-11%.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a upward trend in fresh estimates.
VGM Scores
Currently, Ametek has a average Growth Score of C, however its Momentum Score is doing a lot better with an A. However, the stock has a score of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Ametek has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.