FFortive makes measurement instruments, workplace safety systems and healthcare equipment for industrial technicians, facility managers and hospitals. Its operating companies include Fluke, whose test tools support electrical maintenance, and Advanced Sterilization Products, which builds systems for sterilizing medical instruments. Its software tracks assets and clinical workflows, while its hardware measures equipment conditions and protects workers; customers pay for instruments, consumables, services and software subscriptions. Founded as an independent company in 2016 after separating from Danaher, Fortive is headquartered in Everett, Washington.
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Company Size
10,001+
Company Stage
IPO
Headquarters
Everett, WA
Founded
2016
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Total Funding
$1.1B
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Fortive beat Wall Street expectations in the third quarter of 2026. Revenue rose 7.8% year on year to $1.11 billion, against analyst estimates of $1.07 billion. Adjusted earnings per share were $0.77, 9.4% above the $0.70 consensus. Adjusted EBITDA reached $338.8 million, a 30.6% margin. Operating margin climbed to 21.3% from 15.5% a year earlier. Chief executive officer Olumide Soroye credited new Fluke products, AI-enabled ServiceChannel tools, and growing software recurring revenue. Demand in North America was strong. Fortive raised its full-year adjusted EPS guidance to $3.12 at the midpoint, up 4%. Shares trade at $64.13, up from $61.62 before the results, giving a market value of $19.36 billion.
Fortive (FTV) paired its third quarter results with plans to continue share buybacks and bolt-on acquisitions, with a focus on medium to long term shareholder value. Its shares have gained 19.01% over 30 days and 10.17% over 90 days. One-year total shareholder return is 30.15%. At a last close of $65.23, the most followed narrative puts fair value at $53.35, which implies the stock is 22% overvalued. Quarterly revenue fell 27.46% year on year and net profit dropped 20.65%, despite more than $1 billion in trailing free cash flow. A discounted cash flow model from Simply Wall St offers a different view. It estimates fair value at $69.13, which would make the shares undervalued.
Fortive Corporation raised its full-year 2026 adjusted earnings per share guidance to $3.10-$3.14, a 15% rise at the midpoint. Core revenue grew 7.2% in the third quarter, the fifth straight quarter of faster sequential growth. Management credited healthy customer demand and its Fortive Business System. It is targeting data centers, defense, and early-career technicians, and is adding AI to customer workflows. The company returned $300 million to shareholders through buybacks and will pursue small acquisitions where returns beat other uses. It recognised an $18 million tariff refund benefit, with $5 million-$10 million more expected. Adjusted gross margin fell 80 basis points, and China remains "somewhat challenged and choppy." Four fewer selling days will cut fourth-quarter core growth by about 150 basis points.
Kinective, which serves more than 4,300 banks and credit unions, has launched Cortive, an AI-native banking platform, along with three Agentic Banking Solutions: Deposit Growth and Retention, Lending Excellence, and Cash Optimization. Cortive combines the company's branch automation, document workflow, cash management, fraud detection, digital connectivity and data intelligence tools. It is free for Kinective clients and is rolling out now, with a single login and a map of products and integrations. The add-on solutions link institutional data and workflows to flag issues and suggest next steps. Staff approve customer offers, loan modifications and cash orders. "We brought together 10 companies, each with deep expertise in a specific area of banking technology," said chief executive officer Stephen Baker. The solutions will be available in Q1 2027.
Fortive signals full-year 2026 adjusted EPS of $3.10-$3.14 while expecting reported revenue just north of $4.4B (NYSE:FTV). Fortive Q3 2026 earnings: raised EPS guidance, strong core growth, buybacks, and Q4 headwinds. Disclaimer: The content above is a detailed preview intended for informational purposes and market reference. All copyrights belong to the original publisher. For full in-depth coverage, please use the button above to visit the original source.
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Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
Everett, WA
Founded
2016
Find jobs on Simplify and start your career today
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