Fortive Corp (FTV)
NYSE:FTV
Want to see FTV full AI Analyst Report?
Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.7Last Year’s EPS
0.58Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed a broadly positive operational and financial performance in Q1, with solid core revenue growth, double-digit adjusted EPS expansion, strong adjusted EBITDA growth and cash generation, meaningful share repurchases, and clear product and commercial momentum (notably at Fluke and recurring/software businesses). Near-term headwinds include tariff-driven gross margin pressure, selling-days-driven timing benefits in Q1 that temper underlying growth visibility, cautious hospital capital spending, and a modest increase in leverage from buybacks. Management reaffirmed full-year guidance and signaled confidence in the Fortive Accelerator strategy while remaining disciplined on capital allocation.Company Guidance
Consolidated Revenue Growth
Total revenue of nearly $1.1 billion in Q1, up almost 8% year-over-year on a reported basis and up just over 5% on a core basis (note: core growth benefited from ~150 basis points of selling days tailwind).
Strong Profitability and Margin Expansion
Adjusted EBITDA of $314 million, up ~13% year-over-year; adjusted EBITDA margin expanded ~140 basis points to just over 29%.
Material EPS Growth
Adjusted EPS of $0.70 in Q1, up over 25% year-over-year — the third consecutive quarter of double-digit adjusted EPS growth.
Free Cash Flow and Conversion
$194 million of free cash flow in Q1 with trailing twelve-month free cash flow conversion north of 100%.
Share Repurchase Program
Deployed approximately $500 million to share repurchases in Q1; ~$1.8 billion deployed since the spin (about 35 million shares), reducing diluted share count by just over 10% since July 2025.
Segment Performance — Intelligent Operating Solutions (IOS)
IOS revenue grew ~8% reported and ~5% core; segment adjusted EBITDA of $255 million, up ~8% year-over-year; adjusted gross margin ~65% (despite tariff headwinds) and adjusted EBITDA margin just over 34%.
Segment Performance — Advanced Healthcare Solutions (AHS)
AHS total revenue of $326 million, up ~8% year-over-year (~6% core); adjusted EBITDA of $84 million, up ~18% year-over-year; adjusted EBITDA margin expanded ~200 basis points to just under 26%.
Recurring Revenue and Software Strength
Recurring revenue grew faster than consolidated revenue in both segments; notable double-digit services growth at Fluke and strong software growth across the portfolio (AI-enabled product launches such as Provation Mirror Documentation Assist).
Product and Commercial Momentum
Successful new product launches and commercial traction — CertiFiber Max driving pull-through at Fluke, strong order growth (orders outpacing revenue at Fluke with book-to-bill >1), and positive early results from made-in-region strategies in India and China.
Capital Allocation and M&A Readiness
Disciplined capital allocation with clear priorities: invest in organic growth, pursue bolt-on M&A, continue share repurchases, and maintain a modest growing dividend; two small bolt-on integrations tracking to plan and corporate development team strengthened.
Reaffirmed Full-Year Guidance
Reaffirmed full-year adjusted EPS guidance of $2.90–$3.00 and indicated results are trending toward the upper half of the range; modeling full-year reported revenue of ~ $4.3 billion and core growth of 2%–3%.
FTV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FTV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $61.75 | $59.79 | -3.17% |
Feb 04, 2026 | $54.29 | $60.06 | +10.64% |
Oct 29, 2025 | $49.05 | $50.23 | +2.40% |
Jul 30, 2025 | $50.74 | $49.48 | -2.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fortive Corp (FTV) report earnings?
Fortive Corp (FTV) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Fortive Corp (FTV) earnings time?
Fortive Corp (FTV) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTV EPS forecast?
FTV EPS forecast for the fiscal quarter 2026 (Q2) is 0.7.
