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VNT NYSE Russell 1000 Earnings call

Vontier (VNT) · Q2 2026 results and valuation

Share price: $43.78 · 2026-11-11

Results Q2 2026 vs Q1 2026 · previous quarter · published 6 Aug 2026 and 7 May 2026

Net income down 70.9% on the previous quarter, guidance raised. 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

−70.9%

Net income vs Q1 2026

Guidance raised

Net income 27.4M vs 94.3M

Revenue +0.8%

Against the same quarter last year (Q2 2025) it is −70.2%, so it is not just seasonal.

2 · How management spoke

Upbeat

More upbeat than 70% of company calls

Answers to analysts: typical, in line with the script.

Similar to last call.

3 · What stood out

Figure

VNT increased its share repurchase authorization to $1 billion and accelerated buyback activity during the quarter.

Valuation

Is Vontier 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 −1.2% growth a year (3-year revenue growth), the model's fair value is $19.96 a share — the stock trades 119% above it. Today's price assumes 6.1% growth a year.

Current price

$43.78

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.

+6.1% for 10 yrs

Fair value / share

$19.96

Buy below

$14.97

Price vs fair value

Overvalued 119%

Price vs buy-below price

Overvalued 192%

Official channels

The company's own website and social media accounts.

Read between the lines

  1. Key theme

    VNT completed the sale of Teletrac and announced the acquisition of EKOS to align with its connected mobility strategy and return-driven philosophy.

    Source quote
    “At the same time, we completed the sale of Teletrac and announced the acquisition of EKOS, both of which better... Given the current valuation and supported by our strong free cash flow profile, we continue to view buybacks as a very attractive use of capital. Approximately 80% of our portfolio is aligned to end markets that are supported by favorable secular trends and durable underlying demand, particularly convenience retail and fleets.”
  2. Key theme

    Retailers prefer more engaging payment experiences, which is expected to accelerate the drive to remove cost and complexity from payment technology.

    Source quote
    “I'd like to thank the Vontier team for their continued focus, dedication We had solid execution in the second quarter, and we are encouraged by what we are seeing as we head into the second half of the year. The progress we delivered in the second quarter reinforces our confidence in the growth and margin trajectory we expect over the balance of the year.”
  3. Guidance ↑

    VNT is raising its full-year EPS guidance for 2026 based on confidence in the company's outlook.

    Source quote
    “As we look ahead, we remain confident in our full year outlook and are raising our EPS guidance.”
  4. Guidance

    VNT expects a mix shift as retailers seek a common consumer experience to reduce cost and complexity in payment technology.

    Source quote
    “We anticipate this mix to accelerate as retailers prefer a more engaging, common consumer experience and drive cost and complexity out of their payment technology.”

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.

Prepared remarks Upbeat (was typical)
Answers to analysts Typical (was restrained)

Script and answers carried a similar tone, so the script's message held up under questioning.

Sentences that drove the tone
“Importantly, after adjusting for the Teletrac divestiture timing and the tariff refund, our results exceeded the high end of our original guidance range, reflecting solid underlying execution.”
“We are focused on the key operational levers within the business and expect the actions now underway to strengthen execution and improve profitable growth.”
“Adjusted operating margin increased 190 basis points year-over-year, led by strong performance at Mobility Technologies.”

Full figures

USD · SEC EDGAR XBRL (10-Q, period end 2026-07-03)

Metric Q2 2026period end 2026-07-03 Q1 2026period end 2026-04-03 Change Q2 2025 YoY
Revenue 756.7M 750.6M +0.8% 773.5M −2.2%
Gross profit 365.0M 352.3M +3.6% 370.4M −1.5%
Operating income 146.7M 134.8M +8.8% 136.4M +7.6%
Net income 27.4M 94.3M −70.9% 91.9M −70.2%
EPS 0.20 0.66 −69.7% 0.62 −67.7%
P/E today 13.2 11.9 12.5 −0.6 14.1 −2.2

Topics

Most discussed now

  • Operating profit margins will be about 150 basis points up year-on-year versus the previous guide of 200 basis points.
  • In Environmental & Fueling, Vontier has seen strong growth in dispensers and aftermarket parts.
  • Adjusted operating margin increased 190 basis points year-over-year, led by strong performance at Mobility Technologies.
  • Vontier recognized a onetime favorable net impact from IEEPA tariff refunds related to inventory sold in the prior year.
  • Vontier is seeing increased traction on new product launches and its commercial pipeline remains solid.

Faded since Q1 2026

  • Dropped The technician gets paid based on a standard hour of work if they can be more productive and Vontier says,...
  • Fading Core sales grew nearly 2%, slightly ahead of Vontier's expectations, driven by strong performance in its Environmental & Fueling…
  • Fading Orders were up approximately 5% on a core basis, including strong demand for fueling equipment and key wins in retail...
  • Fading Vontier expects several of these timing differences to level out during the year, and it expects free cash flow conversion...

Latest announcements

Official filings, newest first.

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