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Fortive Corp (FTV)
NYSE:FTV
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.64Last Year’s EPS
0.64Same Quarter Last Year
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call delivered a generally positive message: Fortive reported accelerating revenue and EPS growth, expanded adjusted EBITDA margins, strong free cash flow conversion (>100%), and aggressive share repurchases that reduced share count. Management initiated constructive 2026 guidance (~9% EPS growth at midpoint) and reiterated a 50–100 bps EBITDA margin expansion framework while highlighting recurring revenue and software/AI momentum (ServiceChannel, Fluke, gas detection HaaS). Key negatives included gross margin pressure driven by product mix and tariff impacts, AHS capital equipment headwinds and reinvestments that compressed AHS margins, and a conservative top-line guide relative to Q4 strength. Overall, the positives (earnings beats, margin expansion, robust cash generation, share buybacks, and software recurring revenue momentum) outweigh the challenges, though the company acknowledges further execution is required.Company Guidance
Revenue and Core Growth
Q4 total revenue of $1.1B, up just over 4.5% year-over-year on a reported basis and up just over 3% on a core basis; full-year reported revenue expected to be nearly $4.3B with 2026 core revenue growth guidance of 2%–3%.
Profitability and Margin Expansion
Q4 adjusted EBITDA of $358M, up ~8% year-over-year; consolidated adjusted EBITDA margin expanded ~100 basis points to nearly 32%; iOS adjusted EBITDA grew 8% to $288M with iOS EBITDA margin just over 37% (up ~100 bps).
Earnings Beat and EPS Growth
Q4 adjusted EPS of $0.90, up ~13% year-over-year; full-year adjusted EPS of $2.71, up just over 12% year-over-year and exceeding the high end of prior guidance ($2.63–$2.67).
Strong Cash Generation and Capital Return
Q4 free cash flow of ~$315M and full-year free cash flow of ~$930M with free cash flow conversion on adjusted net income north of 100%; deployed $265M to share repurchases in Q4 and ~$1.3B in the second half of 2025 (repurchased ~26M shares, ~8% diluted), plus ~2.5M additional shares after quarter end; diluted share count modeled at ~315M.
Encouraging Segment Performance — iOS
iOS revenue grew just over 5% reported and ~4% core; strength driven by Fluke (data center, professional instrumentation), gas detection (hardware-as-a-service) and facility/asset lifecycle software; iOS adjusted gross margin just under 67% and showed operating leverage.
Recurring Revenue, Software Momentum and AI Adoption
Recurring revenue grew faster than consolidated revenue in Q4—driven by maintenance software and embedded data/AI capabilities across iOS and AHS; company is deploying AI enhancements (e.g., ServiceChannel release, Fluke software) and reports strong ARR growth, high retention metrics and net dollar expansion in software businesses.
2026 Financial Framework and Guidance
Initiated full-year 2026 adjusted EPS guidance of $2.90–$3.00 (approximately 9% year-over-year growth at midpoint); planning assumptions include mid-teens adjusted effective tax rate, ~ $120M net interest expense, and reported revenue ~ $4.3B with core growth 2%–3%; reiterated 50–100 bps of EBITDA margin expansion in the 2026–2027 framework.
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 |
|---|---|---|---|
Feb 04, 2026 | $54.35 | $60.13 | +10.63% |
Oct 29, 2025 | $49.10 | $50.28 | +2.40% |
Jul 30, 2025 | $50.80 | $49.53 | -2.49% |
May 01, 2025 | $52.32 | $50.13 | -4.18% |
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 Apr 23, 2026, After Close (Confirmed).
What is Fortive Corp (FTV) earnings time?
Fortive Corp (FTV) earnings time is at Apr 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 (Q1) is 0.64.
