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Fortive Q2 earnings call highlights. July 29, 2026 Key points. * Fortive delivered strong second-quarter results, with 6.7% core revenue growth, 12% adjusted EBITDA growth and a 28% increase in adjusted EPS to $0.74. Performance was led by Intelligent Operating Solutions and continued demand for Fluke's data-center products. * The company generated approximately $270 million in quarterly free cash flow and repurchased about $200 million of shares, bringing buybacks since the "New Fortive" launch to nearly $2 billion. Fortive also acquired a majority stake in UV Smart to expand its healthcare disinfection portfolio. * Fortive raised its 2026 outlook, now forecasting adjusted EPS of $2.95-$3.05, reported revenue of roughly $4.35 billion and core revenue growth of about 4%, up from its previous 2%-3% estimate. * MarketBeat previews top five stocks to own in August. Fortive NYSE: FTV reported second-quarter 2026 results that included 6.7% core revenue growth, 12% adjusted EBITDA growth and a 28% increase in adjusted earnings per share, prompting the company to raise its full-year adjusted EPS outlook. President and CEO Olumide Soroye said the quarter marked continued execution of the company's "Fortive Accelerated" strategy, which emphasizes innovation, commercial investments, recurring customer value and disciplined capital allocation. Fortive generated nearly $1.1 billion in revenue, up almost 8% on a reported basis, while adjusted EPS rose to $0.74. "Q2 marked another quarter of strong results and execution," Soroye said, noting that the company has now produced four consecutive quarters of double-digit adjusted EPS growth. Revenue growth across segments. CFO Mark Okerstrom said growth reflected both price and volume gains in Fortive's two operating segments. North America remained the company's strongest region, while growth in Asia-Pacific and Latin America more than offset a modest revenue decline in Europe, the Middle East and Africa. Management attributed the EMEA weakness to geopolitical tensions and continued economic softness in the region. Intelligent Operating Solutions revenue grew about 9% on a reported basis and 7.4% organically. The segment benefited from growth across professional instrumentation, facilities and asset lifecycle solutions, and gas detection products. Segment adjusted EBITDA increased 12% to $264 million, while adjusted EBITDA margin expanded roughly 100 basis points to just under 35%. Fluke recorded strong order volume, with orders growing modestly faster than revenue. Soroye said North American sell-through remained strong and that the business exited the quarter with improved channel inventory. Growth in Europe was affected by deferred purchases from a small number of channel customers, though management said point-of-sale trends in the region were the strongest seen in six quarters. Fluke also continued to benefit from its focus on data centers. Demand for the company's CertiFiber Max product exceeded expectations, according to management. The product is intended to speed fiber-cable certification for data center construction, and Fortive said it has also helped drive demand for Fluke's broader portfolio of power quality, battery testing and diagnostic products. Advanced Healthcare Solutions generated nearly $340 million in revenue, up 6% year over year and 5.3% on a core basis. Growth was supported by healthcare consumables, services and software sales in Latin America, Asia-Pacific and North America. Segment adjusted EBITDA rose about 3% to $88 million, although adjusted EBITDA margin declined approximately 80 basis points to 26%. Management said ASP's consumables and services business expanded in every major region, while low-temperature sterilization capital-equipment demand improved and returned to growth. Soroye said hospital capital budgets remain under pressure but have continued to improve. The company also cited strong provider demand for its gastrointestinal case documentation software. Margins, cash flow and tariff refunds. Fortive's adjusted gross margin was 63%, down about 100 basis points from a year earlier, primarily because of product mix. Okerstrom said certain lower-margin products posted outsized growth, including products serving multi-site retail customers within Intelligent Operating Solutions. In healthcare, margin was affected by resumed growth in ASP capital products and strategic investments tied to larger accounts. Despite gross-margin pressure, consolidated adjusted EBITDA increased to $323 million and adjusted EBITDA margin expanded about 110 basis points to 29.5%. The company credited adjusted gross-profit growth, operating leverage and structural cost savings, partly offset by investments in its growth strategy. Fortive generated roughly $270 million of free cash flow during the quarter. Trailing 12-month free cash flow exceeded $1 billion, with conversion on net income "well north of 100%," Okerstrom said. The company recognized a $4.5 million benefit from refunds tied to IEEPA tariffs in its GAAP earnings. Fortive expects an additional $20 million to $25 million in tariff refunds in coming quarters, but excludes those refunds from adjusted metrics to facilitate comparisons between reporting periods. Capital allocation, AI and acquisitions. Fortive repurchased roughly $200 million of shares in the second quarter. Since the launch of "New Fortive" a year earlier, the company has deployed nearly $2 billion toward buybacks, repurchasing approximately 38 million shares, or about 11% of shares outstanding. Fortive also acquired a majority stake in UV Smart, whose UVC high-level disinfection technology expands ASP's disinfection portfolio for specialized instruments. Management said future bolt-on acquisitions will likely be concentrated in the company's largest platforms, including Fluke and ASP, while software acquisitions would need to meet strict strategic and financial criteria. The company highlighted artificial intelligence-enabled offerings across its software businesses, including predictive-maintenance tools at ServiceChannel and Accruent, Flash AI at Gordian, and new capabilities in Fluke's eMaint platform. Soroye said Fortive's AI investments have been supported by an internal AI Center of Excellence established seven years ago and have not required significant incremental spending. Outlook raised. Fortive raised its 2026 adjusted EPS guidance to a range of $2.95 to $3.05. The company now expects full-year reported revenue of approximately $4.35 billion and core revenue growth of about 4%, compared with its prior expectation of 2% to 3% growth. Management expects third-quarter revenue to follow normal seasonal patterns, with adjusted EBITDA margin slightly below second-quarter levels because of lower absolute revenue and modest strategic investments. Fourth-quarter reported revenue will be affected by four fewer selling days than the prior-year period, which Fortive expects will create a $15 million to $20 million revenue headwind and a 150-basis-point headwind to core growth. Okerstrom said Fortive expects to continue operating within its targeted annual adjusted EBITDA margin expansion range of 50 to 100 basis points in 2026 and 2027. About Fortive (NYSE:FTV). Fortive Corporation NYSE: FTV is a diversified industrial technology company headquartered in Everett, Washington. The company was created through a spin-off from Danaher Corporation in 2016 and has since focused on building a portfolio of professional instrumentation and industrial technology businesses. In 2020 Fortive completed a further portfolio separation with the spin-off of Vontier, concentrating Fortive's activities on higher-margin instrumentation, software and services. Fortive's operations center on professional test and measurement, sensing and monitoring, software-enabled solutions, and lifecycle services that support industrial and commercial customers. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Fortive, you'll want to hear this. 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Accruent, a Fortive operating company, has partnered with PowerX to integrate AI-driven energy management into telecom infrastructure. The collaboration will incorporate PowerX capabilities into Accruent's Siterra platform, aiming to improve energy efficiency and cost control for telecom sites. The partnership positions Fortive within the energy management workflows of telecom operators using Siterra. Telecom companies face pressure to manage power consumption across distributed networks, with AI tools increasingly deployed for real-time monitoring and adjustment. The move aligns with Fortive's strategy to build recurring, subscription-based revenues tied to industrial and infrastructure applications. By embedding AI analytics into day-to-day operations, Fortive aims to create software that becomes integral to power usage and maintenance decisions. However, execution risk remains, as the telecom sector can experience capital spending fluctuations that may affect adoption rates.

TD Asset Management Inc has $21.10 million position in Fortive Corporation $FTV. June 8, 2026 Key points. * TD Asset Management cut its Fortive stake by 16.5% in Q4, selling 75,298 shares and ending with 382,137 shares worth about $21.1 million. * Fortive reported better-than-expected quarterly earnings of $0.70 per share versus estimates of $0.64, with revenue up 7.7% year over year to $2.14 billion. * The company also authorized a 20 million-share buyback, while analysts remain cautious overall with a consensus rating of Hold and an average price target of $61.62. * MarketBeat previews the top five stocks to own by July 1st. TD Asset Management Inc reduced its holdings in shares of Fortive Corporation (NYSE:FTV - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 382,137 shares of the technology company's stock after selling 75,298 shares during the period. TD Asset Management Inc owned about 0.12% of Fortive worth $21,098,000 at the end of the most recent reporting period. Other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Fortive by 246.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company's stock valued at $37,000 after acquiring an additional 357 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Fortive by 43.6% during the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company's stock valued at $31,000 after acquiring an additional 168 shares in the last quarter. Dorato Capital Management acquired a new stake in shares of Fortive during the 4th quarter valued at about $45,000. Hantz Financial Services Inc. boosted its position in shares of Fortive by 149.3% during the 4th quarter. Hantz Financial Services Inc. now owns 845 shares of the technology company's stock valued at $47,000 after acquiring an additional 506 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Fortive during the 4th quarter valued at about $49,000. 94.94% of the stock is currently owned by institutional investors and hedge funds. Insider buying and selling at Fortive. In other Fortive news, SVP Peter C. Underwood sold 47,557 shares of the business's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $60.81, for a total value of $2,891,941.17. Following the completion of the transaction, the senior vice president directly owned 87,780 shares of the company's stock, valued at approximately $5,337,901.80. The trade was a 35.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company's stock. Analyst ratings changes. Several brokerages recently issued reports on FTV. Truist Financial reissued a "hold" rating and set a $61.00 price target (up from $56.00) on shares of Fortive in a report on Monday, May 4th. Morgan Stanley lifted their price target on shares of Fortive from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday. Argus raised shares of Fortive from a "hold" rating to a "buy" rating and set a $68.00 price target for the company in a report on Monday, May 11th. Royal Bank Of Canada lifted their price target on shares of Fortive from $59.00 to $63.00 and gave the company a "sector perform" rating in a report on Friday, May 1st. Finally, Citigroup lifted their price target on shares of Fortive from $64.00 to $65.00 and gave the company a "neutral" rating in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Fortive has a consensus rating of "Hold" and a consensus price target of $61.62. Discover more MarketBeat All Access Stock Average Calculator Fortive trading up 0.0%. Shares of FTV stock opened at $61.30 on Monday. Fortive Corporation has a 12-month low of $46.34 and a 12-month high of $73.77. The company has a market capitalization of $18.69 billion, a P/E ratio of 36.71 and a beta of 1.06. The firm has a 50-day moving average price of $59.21 and a 200 day moving average price of $56.75. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.43. Fortive (NYSE:FTV - Get Free Report) last announced its earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.06. Fortive had a net margin of 12.84% and a return on equity of 12.66%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The company's revenue was up 7.7% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Research analysts forecast that Fortive Corporation will post 2.97 earnings per share for the current fiscal year. Fortive declared that its Board of Directors has authorized a share buyback program on Monday, May 4th that authorizes the company to repurchase 20,000,000 shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued. Fortive company profile. Fortive Corporation NYSE: FTV is a diversified industrial technology company headquartered in Everett, Washington. The company was created through a spin-off from Danaher Corporation in 2016 and has since focused on building a portfolio of professional instrumentation and industrial technology businesses. In 2020 Fortive completed a further portfolio separation with the spin-off of Vontier, concentrating Fortive's activities on higher-margin instrumentation, software and services. Fortive's operations center on professional test and measurement, sensing and monitoring, software-enabled solutions, and lifecycle services that support industrial and commercial customers. Want to see what other hedge funds are holding FTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortive Corporation (NYSE:FTV - Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Fortive, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fortive wasn't on the list. While Fortive currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.