Analyst Consensus ?
ConsensusHold18 ratings
Bullish844.4%
Neutral1055.6%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Mettler-Toledo International Inc. · MTD · FY2026 Q2 · Calendar Q3 2026
Mettler-Toledo raises outlook as service and emerging markets strengthen
The Q2 analysis supports a constructive operating thesis: resilient demand in automation, biopharma and selected emerging markets, alongside a growing service business, is supporting growth and guidance increases. The evidence is less clean than reported EPS suggests because tariff refunds and a customer refund affected the quarter, while project timing and a short backlog remain important watchpoints.
Reported After market closeNYSEHealthcare
$30.12B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$11.46
Consensus $10.85
EPS surprise
+5.6%
Reported versus consensus
Reported revenue
$1.03B
Consensus $1.03B
Revenue surprise
-0.0%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+2.6%
Event window
SPY move
+0.7%
Same window
Abnormal move
+1.9%
Stock minus SPY
Volume
1.6×
Versus trailing sessions
Subsequent drift
-1.3%
Up to 20 sessions
MTDSPY benchmark
Ask FN2 about MTD FY2026 Q2
Transcript, numbers and history already loaded
Why did MTD rise 2.6% after beating EPS estimates in FY2026 Q2?What changed in MTD's guidance and outlook in FY2026 Q2?Give me the bull and bear case for MTD after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Q2 showed broader operating momentum than Q1: sales growth accelerated, China and emerging markets contributed strongly, service revenue surpassed $1 billion, and management raised full-year sales and EPS guidance. The quarter also introduced material tariff-refund and customer-refund effects that should be separated from underlying trends.
Guidance delta
Management raised full-year guidance to 4%-5% local-currency sales growth and adjusted EPS of $47.15-$47.50, with price realization near 3%.
Key takeaways
- Q2 sales rose 7%, including 6% growth in local currency, while adjusted EPS increased 14% to $11.46.
- China and emerging markets were strong, and automation-related demand supported organic performance.
- Service revenue grew 9%, or 7% organically, and surpassed $1 billion, supported by AI-enabled tools for service engineers.
- The quarter included a $52 million gross IEEPA tariff-refund benefit and a $28 million customer refund that reduced reported net sales by 3%.
Management priorities
- Continue automation and digitalization initiatives, including the Spinnaker program and Blue Ocean global IT platform
- Expand LabX-linked instruments and new pipette and balance products
- Use AI-enabled service capabilities to improve first-fix rates and service growth
- Build emerging-market sales and local assembly capacity while pursuing biopharma, semiconductor and battery opportunities
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$1,490.76Current
$1,100Low
$1,419.73Average
$1,600High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 23, 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 |
|---|---|---|---|---|
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 4, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Aug 3, 2026 |
| Stifel | Buy | Buy | Maintain | Aug 3, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 3, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 3, 2026 |
| Jefferies | Buy | Buy | Maintain | Jul 31, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | May 11, 2026 |
| Baird | Neutral | Neutral | Maintain | May 11, 2026 |
| Citigroup | Buy | Buy | Maintain | May 8, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Sep 22, 2025 |
| UBS | Buy | Neutral | Upgrade | May 20, 2025 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jul 9, 2024 |
| CFRA | Hold | Hold | Maintain | May 8, 2020 |
| Bank of America | Neutral | Buy | Downgrade | Jan 3, 2019 |
| Deutsche Bank | Hold | Hold | Maintain | May 4, 2018 |
| Cantor Fitzgerald | Buy | Buy | Maintain | Jul 28, 2014 |
| Credit Agricole | Outperform | Underperform | Upgrade | Feb 7, 2013 |
| CL King | Neutral | Buy | Downgrade | Dec 19, 2012 |
| ISI Group | Underweight | Upgrade | Jul 27, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $1,490.76. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Dan Leonard | $1,515 | $1,405.14 | +1.6% | Sep 1, 2026 |
| Morgan Stanley | Kallum Titchmarsh | $1,450 | $1,433.89 | -2.7% | Aug 4, 2026 |
| Barclays | Analyst unavailable | $1,575 | $1,416.3 | +5.7% | Aug 3, 2026 |
| Stifel Nicolaus | Daniel Arias | $1,600 | $1,416.3 | +7.3% | Aug 3, 2026 |
| Jefferies | Analyst unavailable | $1,580 | $1,412.91 | +6.0% | Jul 31, 2026 |
| Evercore ISI | Analyst unavailable | $1,350 | $1,292.74 | -9.4% | Jul 6, 2026 |
| Stifel Nicolaus | Daniel Arias | $1,400 | $1,031.64 | -6.1% | May 18, 2026 |
| Robert W. Baird | Analyst unavailable | $1,194 | $1,124.46 | -19.9% | May 11, 2026 |
| Barclays | Analyst unavailable | $1,500 | $1,345.89 | +0.6% | Apr 14, 2026 |
| Morgan Stanley | Kallum Titchmarsh | $1,475 | $1,382.72 | -1.1% | Feb 9, 2026 |
| Robert W. Baird | Catherine Ramsey Schulte | $1,445 | $1,373.57 | -3.1% | Feb 9, 2026 |
| Wells Fargo | Analyst unavailable | $1,450 | $1,393.64 | -2.7% | Dec 15, 2025 |
| Susquehanna | Analyst unavailable | $1,600 | $1,393.64 | +7.3% | Dec 15, 2025 |
| Barclays | Analyst unavailable | $1,550 | $1,393.64 | +4.0% | Dec 15, 2025 |
| Goldman Sachs | Analyst unavailable | $1,475 | $1,381.37 | -1.1% | Dec 9, 2025 |
| Morgan Stanley | Kallum Titchmarsh | $1,550 | $1,468.09 | +4.0% | Dec 1, 2025 |
| Evercore ISI | Analyst unavailable | $1,400 | $1,345.27 | -6.1% | Oct 7, 2025 |
| Barclays | Analyst unavailable | $1,350 | $1,289.82 | -9.4% | Oct 2, 2025 |
| Barclays | Analyst unavailable | $1,325 | $1,185.18 | -11.1% | Jun 24, 2025 |
| UBS | Dan Leonard | $1,350 | $1,159.1 | -9.4% | May 19, 2025 |
| Jefferies | Tycho Peterson | $1,100 | $1,100.01 | -26.2% | May 4, 2025 |
| Robert W. Baird | Analyst unavailable | $1,034 | $1,003.16 | -30.6% | Apr 22, 2025 |
| Stifel Nicolaus | Daniel Arias | $1,450 | $1,378.34 | -2.7% | Nov 11, 2024 |
| Stifel Nicolaus | Daniel Arias | $1,550 | $1,441.43 | +4.0% | Aug 5, 2024 |
| Robert W. Baird | Catherine Schulte | $1,375 | $1,441.43 | -7.8% | Aug 5, 2024 |
| Jefferies | Tycho Peterson | $1,250 | $1,404.09 | -16.2% | Jun 3, 2024 |
| Stifel Nicolaus | Daniel Arias | $1,510 | $1,510.25 | +1.3% | May 13, 2024 |
| Robert W. Baird | Catherine Schulte | $1,360 | $1,449.38 | -8.8% | May 13, 2024 |
| Stifel Nicolaus | Daniel Arias | $1,500 | $1,195.02 | +0.6% | Sep 6, 2022 |
| UBS | Elizabeth Garcia | $1,237 | $1,349.73 | -17.0% | Jul 31, 2022 |
| Wells Fargo | Analyst unavailable | $1,410 | $1,284.63 | -5.4% | Apr 25, 2022 |
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Start freeCompany context
Snapshot as of publicationMettler-Toledo International Inc. (MTD) is a global enterprise dedicated to the production and provision of precision instruments and related services. The company's operations are strategically organized across five geographical divisions: its domestic U.S. market, Swiss operations, Western European activities, Chinese operations, and an 'Other' segment covering remaining territories. Their extensive product portfolio serves diverse scientific and industrial needs. Within the laboratory sphere, Mettler-Toledo supplies a comprehensive array of equipment, including high-precision balances, advanced liquid handling systems (such as pipetting solutions), automated laboratory reactors, titrators, pH meters, sensors and analyzers for process analytics, instruments for evaluating physical properties, thermal analysis systems, and various other analytical tools. These hardware offerings are complemented by LabX, their proprietary software platform designed for managing and analyzing instrument-generated data.…
Historical context
All MTD earningsHealthcare peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| COO The Cooper Companies, Inc. | FY2026 Q3 · Calendar Q3 2026 | +2.7% | -14.7% | CooperCompanies beats expectations as inventory reduction weighs on vision revenue |
| MDT Medtronic plc | FY2027 Q1 · Calendar Q3 2026 | +4.3% | +1.5% | Medtronic raises FY27 outlook as growth broadens across platforms |
| A Agilent Technologies, Inc. | FY2026 Q3 · Calendar Q3 2026 | +8.7% | +1.7% | Agilent raises outlook after Q3 beat; Ignite drives margin gains |
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
Get the MTD 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 · 2026-08-04T17:09:07.757258+00:00
- FN2 earnings calendar · 2026-09-04T01:23:15.205020+00:00
- Polygon adjusted daily market bars · 2026-09-23T04:00:55.771316+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-23T04:00:55.768595+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 2026-09-23. For educational purposes only; not investment advice.