AME · Earnings call · 2026Q2T · Full report

Operating Margin Drivers

AMETEK INC/ · 2026-08-04 · Importance 60 · Surprise 40 · No source text

Second-quarter operating income increased 18% to a record $544 million, while operating margin expanded 60 basis points to 26.6%. Core operating margin rose 110 basis points to 27.1%, supported by approximately 40% incrementals, enterprise productivity, and pricing that more than offset inflation and tariffs. Electromechanical Group core margin expanded 290 basis points to 26.2%, primarily because Paragon Medical phased in new products and operated with a leaner cost structure. Management increased the enterprise-wide productivity target to $160 million for 2026 from $155 million previously.

Key facts

• Operating income for the quarter was a record $544 million, an 18% increase over the second quarter of 2025.
• EMG operating income for the second quarter was a record $191 million, up 32% compared to the prior year.
• EBITDA was a record $644 million, up 14% versus the second quarter of 2025 with EBITDA margins 31.5%.
• AMETEK increased its enterprise-wide productivity target to $160 million this year from $155 million last quarter.
• EIG operating income was $385 million, up 12% versus the second quarter of 2025.
• EMG core operating margins were 26.2%, a 290 basis point increase versus the second quarter of 2025.
• Operating margins were 26.6% in the quarter, up 60 basis points from the prior year.
• Core margins were 27.1%, up 110 basis points versus last year's second quarter.

Impact estimates