Fortive Raises 2026 Outlook as Core Growth and Cash Flow Accelerate
Fortive raises its 2026 earnings outlook as broad organic growth, margin expansion and stronger cash flow support second-half momentum.

Fortive Corporation is a global industrial technology company that specializes in the conception, development, manufacturing, marketing, and servicing of sophisticated professional and ...
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$0.12 per share
$0.12 per share
Est. EPS $0.71 · Revenue $1.07B · 9 analysts
Est. EPS $3.02 · Revenue $4.37B · 9 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $5.1B | -17.5% | +2.6% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $579.2M | -30.5% | +15.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +61.0% | +1.8% | +0.4% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +17.7% | -6.4% | +6.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +11.3% | -15.7% | +12.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $978.1M | -30.5% | +24.0% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +19.0% | -15.7% | +20.9% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 49.7% | +30.6% | +1.0% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.71x | -38.3% | +75.3% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $11.7B | -31.0% | +0.3% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 1.74 vs 2.65 | -34.2% | 0.51 vs 0.71 | -27.8% |
| Revenue Surprise | $5.1B vs $4.1B | +24.5% | $1.1B vs $1.1B | +2.6% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Underwood Peter C | officer: SVP - Chief Legal Officer | Common Stock | D | 8,662 | $61.59 |
| Jul 24, 2026 | Okerstrom Mark D | officer: SVP - Chief Financial Officer | Executive Deferred Incentive Program - Fortive Stock Fund | A | 20 | — |
| Jul 10, 2026 | Okerstrom Mark D | officer: SVP - Chief Financial Officer | Executive Deferred Incentive Program - Fortive Stock Fund | A | 20 | — |
| Jul 6, 2026 | Okerstrom Mark D | officer: SVP - Chief Financial Officer | Executive Deferred Incentive Program - Fortive Stock Fund | A | 4 | — |
| Jul 6, 2026 | Soroye Olumide | director, officer: President & CEO | Executive Deferred Incentive Program - Fortive Stock Fund | A | 11 | — |
Operator: My name is Daryl, and I will be your conference facilitator this afternoon. At this time, I would like to welcome everyone to Fortive Corporation's Second Quarter 2026 Earnings Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. If you would like to ask a question during that time, simply press star then the number one on your telephone keypad. If you would like to withdraw your question, please press star then the number two. I would now like to turn the call over to Ms. Christina Jones, Vice President of Investor Relations Ms. Jones, you may begin your conference. Christina Jones: Thank you. And thank you everyone for joining us on today's call. I am joined today by Olumide Soroye, Fortive' President and CEO and Mark D. Okerstrom, Fortive CFO. During today's call, we present certain non-GAAP financial measures. Information required by Regulation G is available on the Investors section of our website at fortive.com. We will also make forward-looking statements, including statements regarding events or developments that we expect or anticipate will or may occur in the future. These forward-looking statements are subject to a number of risks and actual results might differ materially from any forward-looking statements that we make today. Information regarding these risk factors is available in our SEC filings. Including our annual report on Form 10-K and the subsequent quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date that they are made, and we do not assume any obligation to update any forward-looking statements. Our statements on period-to-period increases or decreases refer to year-over-year comparisons unless otherwise specified. And our results and outlook discussed today are on a continuing operations basis. With that, I will turn the call over to Olumide. Olumide Soroye: Thank you, Christina. And thank you all for joining our call today. Let me begin on slide 3. Q2 marked another quarter of strong results and execution of the Fortive Accelerated strategy by our Fortive team. Four key messages from the quarter. First, our teams delivered strong financial performance across both segments. On a consolidated basis, we delivered core revenue growth of 6.7% adjusted EBITDA growth of 12% and adjusted EPS growth of 28%. Importantly, our results reflect continued progress on our objective of driving faster profitable organic growth powered by our Fortive Business System (FBS) Amplified. Second, we remain disciplined in our capital allocation approach with relentless focus on optimizing shareholder returns over the medium- to long-term. This quarter, we executed a small bolt-on acquisition and deployed another roughly $200 million to share repurchases. Bringing total share repurchases since our launch of New Fortive a year ago to approximately 38 million shares or 11% of shares. Third, …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Mark D. Okerstrom | Senior Vice President & Chief Financial Officer | USD 3,049,000 | Male | 1973 | Active |
Olumide Soroye | President, Chief Executive Officer & Director | USD 2,502,368 | Male | 1973 | Active |
Amee Desjourdy | Senior Vice President & Chief People Officer | USD 1,418,109 | Female | 1973 | Active |
Peter C. Underwood | Senior Vice President & Chief Legal Officer | USD 1,316,230 | Male | 1970 | Active |
Christopher Mulhall | Chief Accounting Officer | — | Male | 1974 | Active |
Victor Fetter | Senior Vice President & Chief Technology and Business System Officer | — | Male | 1969 | Active |
Arul Elumalai | President of Gordian and Group President of Facilities & Asset Lifecycle (FAL) Group | — | Male | — | Active |
Chad Rohrer | President of ASP & Group President of Infection Prevention Group (IPG) | — | Male | — | Active |
Parker Burke | President of Fluke & Group President of Connected Reliability Group (CRG) | — | Male | — | Active |
Christina Jones | Vice President of Investor Relations | — | Female | — | Active |
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