Earnings Releases·Oct 28, 2026, 7:31 AM ET

Fortive — Third Quarter 2026 Earnings Summary

Reported Q3 revenue of $1.11 billion (up 7.8% YoY) and GAAP net earnings of $173 million (up 47.4% YoY), driven by strong performance in Intelligent Operating Solutions which saw revenue grow 9.8% and operating profit rise 23.6%, while Advanced Healthcare Solutions revenue grew 3.7% but operating profit declined 10.1%.
Raised full-year 2026 adjusted diluted EPS guidance to $3.10–$3.14, reflecting approximately 15% YoY growth at the midpoint, while management expressed confidence in delivering on its medium-term financial framework.
Executed $300 million in share repurchases during the quarter (approx. 5 million shares), bringing total buybacks since the new structure launch to $2.3 billion, alongside a $18.0 million pretax IEEPA tariff refund.
Total long-term debt increased to $3,514.2 million as of October 2, 2026, from $2,306.5 million at year-end 2025, while maintaining disciplined capital deployment and continued focus on the "Fortive Accelerated" strategy.