Fortive (FTV) Q2 2026: EPS beats, guidance raised after segment shed
As seen on the 24/7 Wall St. homepage on July 29, 2026.
Fortive beat both earnings and revenue while raising full-year EPS guidance to $2.95-$3.05, with core revenue accelerating to 6.7% growth after shedding its Precision Technologies segment. The company's 28% adjusted EPS growth and $200 million in buybacks underscore disciplined capital allocation.
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Fortive reported Q2 2026 adjusted earnings per share of $0.74, topping the consensus estimate of roughly $0.71 by about 5%. Revenue came in at $1.097 billion, clearing expectations of $1.069 billion by nearly 2.6%. Both beats came after the company divested its Precision Technologies segment, a move that appears to be sharpening the remaining business — core revenue growth accelerated to 6.7% in the quarter.
The headline numbers were accompanied by a meaningful lift to full-year guidance, with Fortive now projecting adjusted EPS of $2.95 to $3.05. Adjusted EPS growth of 28% and $200 million in share buybacks during the period point to a management team leaning into capital returns rather than sitting on cash following the portfolio restructuring.
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Looking at the recent earnings history, Fortive has now beaten or matched estimates in seven of the past eight quarters. The one miss — Q2 2025, when reported EPS of $0.58 came in just under the $0.59 estimate — coincided with the period surrounding the segment divestiture. The consistency of beats since then, including a particularly strong Q3 2025 outperformance of $0.68 against a $0.57 estimate, suggests the leaner company is finding its footing.
Mentioned: FTV