AME · 10-Q · 2026Q2 · Full report
Operating Expense Trends
AMETEK INC/ · 2026-08-04 · Importance 47 · Surprise 22 · In source text
Second-quarter selling, general and administrative expense increased 18.7% to $206.8 million from $174.3 million, while six-month SG&A increased 18.9% to $409.5 million from $344.4 million. Second-quarter selling expense increased 19.2% to $176.0 million, including $151.2 million in EIG and $24.8 million in EMG. Research, development and engineering costs increased 17.7% to $110.9 million in the quarter from $94.2 million, led by EIG spending of $88.8 million. Corporate G&A increased 15.6% to $30.8 million from $26.7 million, and total share-based compensation expense increased 8.1% to $13.9 million from $12.8 million.
Key facts
- Cost of sales for Q2 2026 was $1,309.4 million or 64.0% of net sales, an increase of $167.2 million or 14.6%, compared with $1,142.2 million or 64.2% of net sales for Q2 2025. source
- Selling, general and administrative expenses for Q2 2026 were $206.8 million or 10.1% of net sales, an increase of $32.5 million or 18.7%, compared with $174.3 million or 9.8% of net sales for Q2 2025. source
- Cost of sales for the first six months of 2026 was $2,520.2 million or 63.4% of net sales, an increase of $271.1 million or 12.1%, compared with $2,249.1 million or 64.1% of net sales for the first six months of 2025. source
- Selling, general and administrative expenses for the first six months of 2026 were $409.5 million or 10.3% of net sales, an increase of $65.1 million or 18.9%, compared with $344.4 million or 9.8% of net sales for the first six months of 2025. source
- Consolidated cost of sales for the three months ended June 30, 2026: $1,309,356 (in thousands). source
- Selling, general and administrative for the three months ended June 30, 2026: $206,848 (in thousands). source
- Total operating expenses for the three months ended June 30, 2026: $1,516,204 (in thousands). source
- Depreciation and amortization for the three months ended June 30, 2026: total $105,931 (in thousands) (Depreciation $36,804; Amortization $69,127). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -13.3% | Cost of sales for the first six months of 2026 was $2,520.2 million or 63.4% of net sales, an increase of $271.1 million or 12.1%,… |
| operating_income | negative | realized | -3.2% | Selling, general and administrative expenses for the first six months of 2026 were $409.5 million or 10.3% of net sales, an increase of… |
| operating_income | negative | realized | — | Consolidated cost of sales for the three months ended June 30, 2026: $1,309,356 (in thousands). |
| operating_income | negative | realized | — | Selling, general and administrative for the three months ended June 30, 2026: $206,848 (in thousands). |
| operating_income | negative | realized | — | Total operating expenses for the three months ended June 30, 2026: $1,516,204 (in thousands). |