IEX · 10-Q · 2026Q3 · Full report

End-Market Demand Trends

IDEX CORP /DE/ · 2026-10-28 · Importance 54 · Surprise 40

IDEX reported higher HST volumes tied primarily to AI-driven demand for data center power and semiconductor markets, alongside strength in space and defense. HST net sales increased 14% to $433.5 million in the third quarter, with organic sales growth of 13%. Across the company, management also cited continued growth in targeted advantaged markets, including data centers, semiconductor and space and defense, and broadening industrial strength in FMT and FSDP.

Key facts

• During the third quarter of 2026, growth in data centers, semiconductor, and space and defense was primarily within HST, alongside broadening industrial strength across FMT and FSDP. source
• HST organic sales in the three and nine months ended September 30, 2026 reflected higher volumes primarily from AI-driven data center power and semiconductor demand, strength in space and defense, and positive price. source
• FMT organic sales in the three and nine months ended September 30, 2026 reflected positive price; higher municipal water and semiconductor volumes were partially offset by lower chemical, energy, and agriculture volumes. source
• FSDP organic sales in the three and nine months ended September 30, 2026 reflected positive price and higher BAND-IT and Fire & Safety volumes, driven by strong aerospace and North America fire OEM demand; lower Dispensing volumes offset growth in the nine-month period. source