Snapshot
Fortive Corp reported $2.14B of revenue in Q1 2026, up 7.7% year over year, with diluted EPS of $0.44 and an operating margin of 9.0%.
- Revenue
- $2.14B
- YoY growth
- +7.7%
- Diluted EPS
- $0.44
- Operating margin
- 9.0%
$2.14B
Revenue
+7.7%
YoY growth
$0.44
Diluted EPS
9.0%
Operating margin
01 Key takeaways
What management said
- •Our statements on period-to-period increases or decreases refer to year-over-year comparisons unless otherwise specified, and our results and outlook discussed today are on a continuing operations basis.
- •On a consolidated basis, we delivered core revenue growth of just over 5%, adjusted EBITDA growth of 13%, and adjusted EPS growth of over 25%.
- •Please note that our core revenue growth in the quarter was aided by approximately 150 basis points of tailwind from additional year-over-year selling days in the quarter.
- •Second, we continue our disciplined capital allocation approach with a relentless focus on optimizing shareholder returns over the medium to long term.
- •Lastly, we are reaffirming our full-year adjusted EPS guidance range of $2.90-$3.00.
- •Starting with the first pillar, delivering faster profitable organic growth, powered by our Fortive Business System amplified.
- •This quarter, we continued to increase our innovation velocity with several notable hardware product milestones and AI-enhanced product launches.
- •On the commercial side, we continue to focus on faster-growing end markets and regions where we've made deliberate, targeted investments to capture growth.
- •At Fluke, we continue to invest in commercial expertise across high-growth verticals such as data centers, defense, and distributed energy, and we're seeing solid early traction from our focused efforts.
- •We're also advancing ASP's growth strategies in EMEA with the European commercial launch of STERRAD ULTRA GI.
- •On our recurring customer value initiatives, we continued to make progress on driving deeper customer lifecycle engagement and improving revenue durability.
- •In Q1, recurring revenue again grew faster than consolidated revenue in both segments.
SourcesCompany financials · earnings call
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