Fortive Corporation Delivers Robust Q1 2026 Results, Reaffirms Full-Year Guidance, and Highlights Major Share Buyback

EVERETT, WA, April 30, 2026 — Fortive Corporation (NYSE: FTV) has reported a strong start to 2026, delivering significant growth in both revenue and earnings for the first quarter, while reaffirming its full-year adjusted EPS guidance and executing a substantial share repurchase program.

Key Financial Highlights for Q1 2026

• Revenue: \$1.07 billion, up 7.7% year-over-year on a reported basis; core revenue growth of 5.3%.
• GAAP Net Earnings: \$136 million, up 21.1% year-over-year, with a net earnings margin of 12.8%.
• Adjusted EBITDA: \$314 million, up 13.2% year-over-year, and an adjusted EBITDA margin of 29.3%.
• GAAP Diluted Net EPS: \$0.44, up 33.3% year-over-year.
• Adjusted Diluted Net EPS: \$0.70, up 25.4% year-over-year.
• Operating Cash Flow: \$220 million; Free Cash Flow of \$194 million.
• Share Repurchases: Approximately \$500 million deployed in Q1 2026 (about 9 million shares or ~3% of diluted shares outstanding).

Segment Performance

• Intelligent Operating Solutions:
  • Revenue: \$743 million, up 7.6% (reported) and 5.2% (core).
  • GAAP Operating Profit: \$186 million, up 6.6%.
  • Adjusted EBITDA: \$255 million, with a margin of 34.3%.
• Advanced Healthcare Solutions:
  • Revenue: \$326 million, up 7.9% (reported) and 5.8% (core).
  • GAAP Operating Profit: \$33 million, up 50.7%.
  • Adjusted EBITDA: \$84 million, with a margin of 25.7%.

Guidance and Strategic Updates

• 2026 Full-Year Guidance: Adjusted diluted net EPS reaffirmed at \$2.90 to \$3.00, with management indicating the company is trending toward the upper half of the range, signaling confidence in continued growth and operational execution.
• Fortive Accelerated Strategy: Management reported encouraging progress across all three pillars:
  1. Profitable organic growth acceleration powered by the Fortive Business System (FBS) Amplified initiative.
  2. Disciplined capital allocation focusing on best relative returns.
  3. A strong commitment to building and maintaining investor trust.

Major Shareholder/Price Sensitive Events

• Significant Share Buyback: The company executed approximately \$500 million in share repurchases in Q1 2026 alone, representing about 3% of its diluted shares outstanding. In total, Fortive has bought back \$1.8 billion in shares in the three quarters since launching its new strategy, indicating strong cash flow, confidence in the company’s value, and a direct return of capital to shareholders.
• Separation of Precision Technologies: On June 28, 2025, Fortive completed the separation of its former Precision Technologies segment, creating Ralliant Corporation. This move streamlines Fortive’s operations, allowing greater focus on its core operating segments and potentially improving both operational efficiency and market valuation.
• Margin Expansion and Cash Flow Strength: Notable margin improvements across both segments and robust cash generation (free cash flow of \$194 million in Q1) support ongoing investment and return of capital strategies.

Balance Sheet & Capital Allocation

• Cash and Equivalents: \$356 million as of April 3, 2026.
• Debt: \$3.5 billion total debt (current and long-term).
• Shareholder Equity: \$6.1 billion.
• Treasury Shares: \$3.7 billion at cost, reflecting ongoing buybacks.

Operational and Market Risks

• Management highlighted a broad range of forward-looking risks, including macroeconomic instability, geopolitical tensions (e.g., Middle East, Ukraine), regulatory changes, supply chain disruptions, and potential impacts from foreign currency volatility.
• Investors are cautioned that actual results may differ materially from guidance due to these factors.

Conference Call Details

Fortive will host its quarterly investor conference call today at 12:00 p.m. ET. The call and a slide presentation are available via webcast on Fortive’s investor relations website. A replay will be available for those unable to attend live.

Conclusion

Fortive Corporation’s Q1 2026 report demonstrates solid operational execution, strong growth across both revenue and earnings metrics, and continued shareholder-friendly capital allocation. The reaffirmation of full-year guidance—along with progress on strategic initiatives and major share repurchases—are likely to be viewed positively by investors. The ongoing separation of non-core businesses and focus on margin expansion position Fortive for further value creation in 2026 and beyond.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review Fortive Corporation’s official filings and consult with their financial advisor before making investment decisions. All forward-looking statements are subject to risks and uncertainties as detailed in the company’s SEC filings.

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