AME AMETEK (AME) Q1 FY26 earnings call
AMETEK opened FY26 with a broad-based orders inflection — EIG's process and power businesses finally following EMG's earlier upturn — converting a long-signaled pipeline into record bookings while core margins expanded on greater-than-50% incremental flow-through. Management nudged up full-year EPS guidance but framed it as deliberately conservative against Middle East and tariff-driven macro uncertainty, keeping M&A the top capital-deployment priority alongside the First Aviation defense-MRO tuck-in.
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AME operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Backlog | $3.4Bwith positive organic growth across both our EIG and EMG segments, and we ended the quarter with a strong backlog of $3.4 billion.Source: earnings call transcript | $3.47BBook-to-bill in the quarter was 1.04, and we ended the first quarter with a backlog of $3.47 billion near record levels.Source: earnings call transcript | $3.54BOrders were also very strong in the quarter with overall orders up 13% to a record $1.97 billion and organic orders up 7%, leading to a record backlog of $3.54 billion.Source: earnings call transcript | $3.58BOrders were very strong in the quarter with overall orders up 18% to a record $2 billion and organic orders up 7% versus the prior year, leading to a record backlog of $3.58 billion.Source: earnings call transcript | $3.87BOverall, orders were a record $2.2 billion, up 23% versus the prior year organic orders were up 22%, leading to a record backlog of $3.87 billion.Source: earnings call transcript | — | +8.1% |
| Book-to-bill ratio | — | 1.04 ratioBook-to-bill in the quarter was 1.04, and we ended the first quarter with a backlog of $3.47 billion near record levels.Source: earnings call transcript | — | 1.02 ratioSo it was broad-based, and there was a similar pattern from Q3 and the book-to-bill of AMETEK was 1.02, and it was pretty broad-based.Source: earnings call transcript | — | 1.12 ratioOur backlog was now $4.11 billion, up about 21% from the end of the year, and we had a positive book-to-bill of 1.12 in the quarter, both groups positive -- and we also are executing very well.Source: earnings call transcript | — |
| Vitality Index | — | 26%Our vitality index, which measures the sales of new products introduced in the past 3 years was a strong 26% in the first quarter.Source: earnings call transcript | 26%The tangible results of this focus are clear with our third quarter Vitality Index, a strong 26%.Source: earnings call transcript | 30%In the fourth quarter, our Vitality Index, which measures sales of new products introduced over the last 3 years was an outstanding 30%.Source: earnings call transcript | 25%In the first quarter, our vitality index which measures sales of new products introduced over the last 3 years was an outstanding 25%.Source: earnings call transcript | 25%In the second quarter, our new product vitality was a strong 25%.Source: earnings call transcript | 0 pt |
| Orders | — | — | $1.97BOrders were also very strong in the quarter with overall orders up 13% to a record $1.97 billion and organic orders up 7%, leading to a record backlog of $3.54 billion.Source: earnings call transcript | $2BOrders were very strong in the quarter with overall orders up 18% to a record $2 billion and organic orders up 7% versus the prior year, leading to a record backlog of $3.58 billion.Source: earnings call transcript | $2.2BOverall, orders were a record $2.2 billion, up 23% versus the prior year organic orders were up 22%, leading to a record backlog of $3.87 billion.Source: earnings call transcript | $2.3BOverall orders were a record $2.3 billion, up 28% versus the prior year, with organic orders up sharply at 25%, being to a record backlog of $4.1 billion.Source: earnings call transcript | +4.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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