Fortive (FTV) Q2 2026 earnings summary

Executive summary

• Q2 2026 delivered strong financial performance with reported revenue up 7.9% year-over-year and core revenue up 6.7%, driven by favorable pricing and volume growth, especially in North America, Latin America, and Asia-Pacific.

• Adjusted EBITDA grew 12% and adjusted diluted EPS increased 28.5% year-over-year, marking the fourth consecutive quarter of double-digit adjusted EPS growth.

• Raised full-year 2026 adjusted EPS guidance to $2.95–$3.05, reflecting confidence in business trajectory and solid first-half performance.

• Continued execution of the Accelerated strategy, focusing on innovation, commercial expansion, disciplined capital allocation, and recurring customer value.

• Completed the separation of the Precision Technologies segment (Ralliant) in June 2025; results reflect continuing operations.

Financial highlights

• Q2 2026 revenue reached $1,096.8 million, up 7.9% year-over-year; core growth was 6.7%.

• Adjusted EBITDA was $323 million, up 12% year-over-year; margin expanded to 29.5%.

• Adjusted EPS grew 28.5% year-over-year to $0.74; GAAP diluted EPS was $0.51, up 54.5% year-over-year.

• Free cash flow was $271 million in Q2, with trailing twelve-month free cash flow exceeding $1 billion.

• GAAP net earnings from continuing operations for Q2 2026 were $157.3 million, up from $111.6 million in Q2 2025.

Outlook and guidance

• Full-year 2026 adjusted EPS guidance raised to $2.95–$3.05.

• Management expects continued growth, supported by strong demand in North America and ongoing productivity initiatives.

• Financial outlook is subject to risks from geopolitical events, inflation, tariffs, and foreign exchange volatility.