Analyst Consensus ?
ConsensusHold30 ratings
Bullish1136.7%
Neutral1756.7%
Bearish26.6%
Fortive Corporation · FTV · FY2026 Q3 · Calendar Q4 2026
Fortive raises 2026 EPS outlook as core growth accelerates
The supplied analysis supports a constructive Fortive operating narrative: growth accelerated, guidance was raised, and recurring revenue and new products remain priorities. The evidence is balanced by questions about margin durability, investment returns, cost inflation, and near-term calendar effects.
Reported Before market openNYSETechnology
$18.61B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.70
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.07B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+4.0%
Event window
SPY move
+0.3%
Same window
Abnormal move
+3.7%
Stock minus SPY
Volume
2.8×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
FTVSPY benchmark
Ask FN2 about FTV FY2026 Q3
Transcript, numbers and history already loaded
What drove FTV's +4.0% move after FY2026 Q3 earnings?What changed in FTV's guidance and outlook in FY2026 Q3?Give me the bull and bear case for FTV after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, Fortive's Q3 analysis shows stronger reported operating momentum, a higher full-year adjusted EPS outlook, $300 million of quarterly repurchases, and further product and commercial expansion in data centers, software, and healthcare.
Guidance delta
Management raised full-year 2026 adjusted EPS guidance to $3.10-$3.14 and expects more than 5% core revenue growth with 50-100 basis points of EBITDA margin expansion.
Key takeaways
- Q3 analysis describes 7.2% core revenue growth, 10% adjusted EBITDA growth, and 13% adjusted EPS growth.
- Management highlighted innovation in iSee Pro, iNet Insights, ServiceChannel AI, and CertiFiber Max.
- Fortive repurchased $300 million of shares in the quarter, bringing buybacks since the New Fortive launch to $2.3 billion.
- AHS margin durability, data-center investment returns, inflation, and fewer Q4 selling days remain important watchpoints.
Management priorities
- Expand data-center products, sales capacity, and hyperscaler relationships.
- Increase recurring revenue through eMaint, iNet, and healthcare SaaS platforms.
- Continue selective bolt-on acquisitions when returns exceed the cost of capital.
- Maintain disciplined capital allocation through repurchases, dividend growth, and strategic investment.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$64.11Current
$50Low
$71.28Average
$90High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 28, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Sector Perform | Sector Perform | Maintain | Oct 14, 2026 |
| JP Morgan | Underweight | Underweight | Maintain | Oct 9, 2026 |
| Truist Securities | Hold | Hold | Maintain | Oct 5, 2026 |
| Argus Research | Buy | Buy | Maintain | Aug 19, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jun 3, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | May 4, 2026 |
| Citigroup | Neutral | Neutral | Maintain | May 1, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Feb 9, 2026 |
| Mizuho | Underperform | Outperform | Downgrade | Jan 5, 2026 |
| Baird | Outperform | Outperform | Maintain | Nov 4, 2025 |
| TD Cowen | Hold | Buy | Downgrade | Jul 15, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Jul 1, 2025 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Sep 6, 2024 |
| Vertical Research | Hold | Buy | Downgrade | Jan 2, 2024 |
| B of A Securities | Neutral | Buy | Downgrade | Oct 26, 2023 |
| UBS | Buy | Buy | Maintain | Oct 10, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Oct 27, 2022 |
| Loop Capital | Buy | Buy | Maintain | Jul 19, 2022 |
| Cowen & Co. | Market Perform | Market Perform | Maintain | Jun 2, 2022 |
| Rosenblatt | Neutral | Neutral | Maintain | May 4, 2021 |
| Bank of America | Buy | Buy | Maintain | Sep 5, 2019 |
| Gordon Haskett | Hold | Buy | Downgrade | Aug 5, 2019 |
| Berenberg | Buy | Buy | Maintain | May 15, 2019 |
| BMO Capital | Outperform | Outperform | Maintain | Apr 26, 2019 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Oct 29, 2018 |
| Argus | Buy | Buy | Maintain | Aug 14, 2018 |
| Stifel Nicolaus | Hold | Hold | Maintain | Oct 27, 2017 |
| Stifel | Hold | Hold | Maintain | Oct 27, 2017 |
| Oppenheimer | Perform | Perform | Maintain | Jan 18, 2017 |
| Goldman Sachs | Neutral | Neutral | Maintain | Sep 29, 2016 |
Named analyst price targets
Upside is calculated against the persisted current price $64.11. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Analyst unavailable | $63 | $57.8 | -1.7% | Oct 5, 2026 |
| Truist Financial | Analyst unavailable | $67 | $61.8 | +4.5% | Jul 2, 2026 |
| Morgan Stanley | Analyst unavailable | $59 | $60.59 | -8.0% | Jun 3, 2026 |
| Argus Research | John Eade | $68 | $60.79 | +6.1% | May 11, 2026 |
| Truist Financial | Analyst unavailable | $61 | $60.73 | -4.9% | May 4, 2026 |
| Truist Financial | Analyst unavailable | $56 | $60.38 | -12.7% | Apr 20, 2026 |
| Barclays | Analyst unavailable | $63 | $60.12 | -1.7% | Feb 9, 2026 |
| Seaport Global | Analyst unavailable | $70 | $60.24 | +9.2% | Feb 5, 2026 |
| Robert W. Baird | Analyst unavailable | $65 | $60.13 | +1.4% | Feb 5, 2026 |
| Mizuho Securities | Analyst unavailable | $51 | $55.39 | -20.4% | Jan 5, 2026 |
| Wells Fargo | Joseph O'Dea | $59 | $54.91 | -8.0% | Dec 22, 2025 |
| Robert W. Baird | Robert Mason | $58 | $50.14 | -9.5% | Nov 4, 2025 |
| Truist Financial | Analyst unavailable | $58 | $51.38 | -9.5% | Oct 30, 2025 |
| Seaport Global | Analyst unavailable | $66 | $52.44 | +2.9% | Oct 30, 2025 |
| Barclays | Analyst unavailable | $56 | $50.34 | -12.7% | Oct 30, 2025 |
| Mizuho Securities | Brett Linzey | $54 | $48.69 | -15.8% | Oct 17, 2025 |
| Barclays | Julian Mitchell | $54 | $48.73 | -15.8% | Aug 14, 2025 |
| Truist Financial | Jamie Cook | $55 | $49.65 | -14.2% | Jul 31, 2025 |
| Stephens | Jeff Lick | $50 | $51.15 | -22.0% | Jul 15, 2025 |
| Barclays | Analyst unavailable | $85 | $75.93 | +32.6% | Mar 26, 2025 |
| Wells Fargo | Joseph O'Dea | $80 | $76.65 | +24.8% | Jan 7, 2025 |
| Truist Financial | Jamie Cook | $90 | $78.32 | +40.4% | Dec 19, 2024 |
| UBS | Amit Mehrotra | $84 | $68.88 | +31.0% | Nov 13, 2024 |
| Barclays | Julian Mitchell | $98 | $77.6 | +52.9% | Oct 2, 2024 |
| Morgan Stanley | Christopher Snyd | $89 | $72.8 | +38.8% | Sep 6, 2024 |
| Mizuho Securities | Brett Linzey | $90 | $72.8 | +40.4% | Sep 6, 2024 |
| Barclays | Julian Mitchell | $94 | $72.88 | +46.6% | Sep 5, 2024 |
| Raymond James | Brian Gesuale | $85 | $72.86 | +32.6% | Sep 5, 2024 |
| Robert W. Baird | Richard Eastman | $85 | $73.04 | +32.6% | Sep 5, 2024 |
| Seaport Global | Scott Graham | $88 | $70.44 | +37.3% | Jul 25, 2024 |
| RBC Capital | Deane Dray | $77 | $70.4 | +20.1% | Jul 25, 2024 |
| Barclays | Julian Mitchell | $93 | $72.64 | +45.1% | Jul 10, 2024 |
| Argus Research | John Eade | $85 | $77.06 | +32.6% | May 13, 2024 |
| Wells Fargo | Joseph O'Dea | $84 | $76.05 | +31.0% | Apr 25, 2024 |
| RBC Capital | Deane Dray | $83 | $76.05 | +29.5% | Apr 25, 2024 |
| RBC Capital | Deane Dray | $93 | $83.77 | +45.1% | Apr 4, 2024 |
| Truist Financial | Jamie Cook | $99 | $85.46 | +54.4% | Mar 13, 2024 |
| Citigroup | Analyst unavailable | $77 | $65.72 | +20.1% | Dec 9, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $73 | $59.95 | +13.9% | Oct 12, 2022 |
| Barclays | Julian Mitchell | $72 | $65.28 | +12.3% | Aug 4, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $64 | $63 | -0.2% | Jun 7, 2022 |
| Wells Fargo | Analyst unavailable | $65 | $58.33 | +1.4% | Apr 29, 2022 |
| RBC Capital | Analyst unavailable | $65 | $58.56 | +1.4% | Apr 29, 2022 |
| Barclays | Julian Mitchell | $75 | $61.9 | +17.0% | Mar 18, 2022 |
| Robert W. Baird | Robert Mason CFA | $81 | $64.32 | +26.3% | Feb 4, 2022 |
| Mizuho Securities | Brett Linzey | $82 | $72.16 | +27.9% | Jan 19, 2022 |
| Vertical Research | Jeffrey Sprague | $82 | $73.49 | +27.9% | Jan 3, 2022 |
| Loop Capital Markets | Scott Graham | $90 | $78.5 | +40.4% | Nov 22, 2021 |
| Credit Suisse | John Walsh | $87 | $75.56 | +35.7% | Oct 29, 2021 |
| Wolfe Research | Nigel Coe | $84 | $70.24 | +31.0% | Jul 12, 2021 |
| UBS | Markus Mittermaier | $86 | $72.16 | +34.1% | May 6, 2021 |
Track every rating change on FTV the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFortive Corporation is a global industrial technology company that specializes in the conception, development, manufacturing, marketing, and servicing of sophisticated professional and engineered products, as well as software platforms and associated services. Its Intelligent Operating Solutions division aims to boost efficiency and safety in operations. This segment delivers a variety of offerings, including advanced tools for ensuring equipment reliability, comprehensive enterprise software for managing environmental, health, safety, and quality (EHSQ) compliance, and specialized software for the entire lifecycle of facilities and assets. It also provides solutions for pre-construction planning and procurement, robust professional testing instruments, precise calibration tools for electrical, pressure, and temperature measurements, and portable devices for gas detection.…
Historical context
All FTV earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| APH Amphenol Corporation | FY2026 Q3 · Calendar Q4 2026 | — | +3.5% | Amphenol: AI Datacom Demand Drives Record Q3 Growth |
| TER Teradyne, Inc. | FY2026 Q3 · Calendar Q4 2026 | +9.6% | -3.7% | Teradyne: AI demand drives record Q3; Q4 growth outlook maintained |
| GRMN Garmin Ltd. | FY2026 Q3 · Calendar Q4 2026 | — | -4.8% | Garmin raises FY2026 outlook as Q3 demand stays strong |
| TEL TE Connectivity plc | FY2026 Q4 · Calendar Q4 2026 | — | -1.4% | TE Connectivity: AI infrastructure drives FY2027 growth outlook |
| ADP Automatic Data Processing, Inc. | FY2027 Q1 · Calendar Q4 2026 | — | -2.5% | ADP raises outlook as AI rollout and bookings support FY27 growth |
| UMC United Microelectronics Corporation | FY2026 Q3 · Calendar Q4 2026 | — | -4.0% | UMC Q3 2026: record shipments, 34% gross margin, $3.2B capex added for AI packaging |
Latest beats and misses
Who reports nextBeat on EPS
- UHSFY2026 Q3 · October 27, 2026+0.6% EPS-2.9% move
- ACGLNFY2026 Q3 · October 27, 2026+15.6% EPS-0.9% move
- RNRFY2026 Q3 · October 27, 2026+20.4% EPS-2.6% move
- RNR-PGFY2026 Q3 · October 27, 2026+20.4% EPS— move
- ESSFY2026 Q3 · October 27, 2026+3.4% EPS-4.0% move
- ACGLFY2026 Q3 · October 27, 2026+15.6% EPS+1.8% move
Get the FTV recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-10-28T21:04:41.353920+00:00
- FN2 earnings calendar · 2026-10-28T01:23:13.546025+00:00
- Polygon adjusted daily market bars · 2026-10-28T21:10:42.285839+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-28T21:10:42.283211+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-28. For educational purposes only; not investment advice.