ITW · 10-Q · 2026Q2 · Full report

Semiconductor Electronics Demand

ILLINOIS TOOL WORKS INC · 2026-08-06 · Importance 42 · Surprise 40

Test & Measurement and Electronics organic revenue increased 10.0% in the second quarter and 7.4% year to date, primarily because of higher semiconductor and electronics demand. Test and measurement revenue grew 4.2% in the quarter, driven by semiconductor demand in North America and Asia Pacific and growth in Instron, partly offset by weaker MTS Test & Simulation. Electronics organic revenue rose 21.0% in the quarter and 15.7% year to date. Electronics assembly businesses grew 49.2% in the quarter and 36.9% year to date across all major regions, while other electronics businesses grew 11.3% in the quarter, led by North America and Asia Pacific and partially offset by Europe.

Key facts

• Electronics assembly businesses grew 49.2% in the second quarter and increased 36.9% in the year-to-date period. source
• Organic revenue for the Test & Measurement and Electronics segment increased 10.0% in the second quarter and 7.4% in the year-to-date period, primarily due to higher demand in the semiconductor and electronics end markets. source