Earnings Call
Apr 30, 2026
Q1 FY2026
EPS Estimate
0.64
EPS Actual
0.70
Post-Earnings Close
$59.79
Earnings Reaction
-3.2%
Fortive Corporation's first quarter as New Fortive Corporation, now three quarters into its post-spin existence following the July 2025 separation, delivered results that meaningfully exceeded expectations across every major financial metric. Core revenue grew just over 5% (aided by roughly 150 basis points from additional year-over-year selling days), reported revenue reached nearly $1.1 billion, adjusted EBITDA expanded 13% to $314 million with margin improvement of approximately 140 basis points to just over 29%, and adjusted EPS of $0.70 represented growth of over 25% year over year, the third consecutive quarter of double-digit EPS growth. The EPS result came in well ahead of the $0.64 consensus estimate, driven by a combination of operating leverage, structural cost savings, favorable foreign exchange, and the continued accretive impact of aggressive share repurchases.
Report generated on May 4, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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