VLTO US S&P 500Russell 1000 Earnings call
Veralto (VLTO) · Q2 2026 results and valuation
Share price: $118.77 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 29 Jul 2026 and 29 Apr 2026
Net income down 5.1% on the previous quarter. Management sounded upbeat, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
−5.1%
Net income vs Q1 2026
Net income 241.0M vs 254.0M
Revenue +3.7%
2 · How management spoke
Upbeat
More upbeat than 68% of company calls
Answers to analysts: upbeat, in line with the script.
Similar to last call.
3 · What stood out
Figure
Faster growth from Q1 to Q2 supports confidence that the momentum is durable.
Valuation
Is Veralto undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 4.2% growth a year (3-year revenue growth), the model's fair value is $58.64 a share — the stock trades 103% above it. Today's price assumes 13.2% growth a year.
Current price
$118.77
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+13.2% for 10 yrs
Fair value / share
$58.64
Buy below
$43.98
Price vs fair value
Overvalued 103%
Price vs buy-below price
Overvalued 170%
Read between the lines
-
Dropped
Water Quality decreased by low single digits in China, which reflects the current funding environment.
Source quote
“Water Quality was down just slightly here, low single digits in China, and that is reflective of the funding environment...”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“Looking ahead, with a strong balance sheet and robust cash generation, we remain focused on compounding long-term shareholder value through high-quality growth, VES-driven execution and disciplined capital allocation.”
“I think Alfaa also gives us an opportunity to expand in other high-growth markets with their portfolio.”
“Overall, I'm proud of our team for their outstanding execution through the first half of the year and focus on our critical few, accelerating growth, optimizing cost and executing disciplined...”
Full figures
USD · ROIC.AI fundamentals (NYSE:VLTO, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-04-03 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 1.47B | 1.42B | +3.7% | 1.37B | +7.5% |
| Gross profit | 902.0M | 854.0M | +5.6% | 822.0M | +9.7% |
| Operating income | 315.0M | 338.0M | −6.8% | 313.0M | +0.6% |
| Net income | 241.0M | 254.0M | −5.1% | 222.0M | +8.6% |
| EPS | 0.98 | 1.02 | −3.6% | 0.89 | +10.4% |
| P/E today 24.9 | — | 22.7 | — | 29.0 | — |
Topics
Most discussed now
- Looking ahead, with a strong balance sheet and robust cash generation, Veralto remains focused on compounding long-term shareholder value…
- TraceGains is also providing real value to this workflow in terms of ingredient traceability, regulatory changes and making sure that...
- Veralto has at its most recent trade show, Esko World was able to demonstrate packaging design changes that normally...
- Veralto sees ongoing steady demand for its marking and coding solutions, clearly supported as well by easier comps in the...
- Secondly, for water, Veralto has got ongoing scarcity clearly exacerbated by climate change, which is propelling water recycling and reuse…
Faded since Q1 2026
- Fading Looking ahead, Veralto expects core sales growth to accelerate as the year progresses.
- Fading GlobalVision obviously strengthens the value proposition here in terms of building a comprehensive workflow.
- Fading At a high level, Veralto sees continued strong demand across its CPG customer base.
- Fading It remains steady in terms of its quoting and sales activity relative to coding and marking, and Veralto has seen that...
Latest announcements
Official filings, newest first.
- Results of operations · SEC 8-K
- Material agreement; Other events · SEC 8-K
- Shareholder vote results · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Other events · SEC 8-K
- Director or officer change; Regulation FD disclosure · SEC 8-K
- Results of operations · SEC 8-K