IEX · Earnings call · 2026Q3T · Full report

Advantaged Market Revenue Growth

IDEX CORP /DE/ · 2026-10-28 · Importance 69 · Surprise 64

Data center, semiconductor, and space and defense businesses together represented more than a third of the portfolio and grew approximately 50% year over year year to date. These areas drove substantial HST growth, including third-quarter organic sales growth of 13% and organic orders growth of 21%. HST volumes increased in semiconductor original equipment and consumables, data center applications, and space and defense. Management said orders and backlog support visibility into 2027, while data center orders can arrive in large, unpredictable tranches.

Key facts

• Management said the HST advantaged areas—data center, semiconductor, and space and defense—were over a third of the portfolio and had grown around 50% year over year year to date.
• Muon grew 20% organically year to date in 2026, driven by strength in its 80/20 markets, and margins advanced further.
• Data centers, semiconductor, space and defense, and water continued to lead IDEX's growth in 2026.
• BAND-IT engineered clamping products are growing strongly across commercial aerospace, defense, and spacecraft platforms.