FTV
FY2026 Q1 · Calendar Q2 2026
Fortive Corporation
Fortive opened FY2026 with a convincing beat: Q1 core revenue grew approximately 5%, adjusted EBITDA rose 13%, and adjusted EPS of $0.70 exceeded the $0.643 consensus by nearly 9%. Revenue of $1.07 billion topped estimates by 3.0%. Management reaffirmed full-year adjusted EPS guidance of $2.90 to $3.00 and indicated results are trending toward the upper half of that range, echoing the confident tone set when guidance was first issued in Q4 2025. The operational story centers on AI-enhanced product launches -- Fluke CertiFiber Max for data-center testing and Provation Mirror for GI documentation -- generating strong customer pull-through, while recurring revenue and services grow at double-digit rates. Disciplined capital allocation remains a tailwind, with roughly $500 million in Q1 share repurchases reducing the diluted share count by over 10% since the 2025 spin-off. Despite these…
EPS surprise+8.9%
Market move-3.2%
