Ametek (AME) · Q3 2026 results and valuation

At 6.4% growth a year (3-year revenue growth), the model's fair value is $124.19 a share — the stock trades 93% above it. Today's price assumes 14.9% growth a year.

1. Guidance

   For 2026, Ametek now expects overall sales to be up mid-teens on a percentage basis, with organic sales now expected to be up high single digits versus 2025.

2. Guidance

   For 2026 Ametek now anticipates its effective tax rate to be between 18 and 18 and a half percent.

3. Figure

   Quarter sales were a record $2.22 billion, up 17% from the third quarter of 2025.

Management sounded noticeably less positive answering analysts than in its prepared script — a bigger drop than in 89% of calls. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.

Sentences that drove the tone

“Amitek delivered superb results in the third quarter with double-digit organic sales growth, outstanding orders growth, robust operating profit, excellent core margin expansion, sizable cash flow generation, and a high...”

“EMG generated outstanding results in the third quarter with exceptional sales growth, continued superb orders growth, and impressive operating performance and core margin expansion.”

“In recent years, we have further strengthened our portfolio through organic investments and strategic acquisitions, which has increased our exposure to attractive, secular growth markets and enhanced our long-term growth...”