# Fortive Raises 2026 Earnings Outlook After Q3 Profit and Sales Beat

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/43111
Published: 2026-10-29T00:48:58.000Z
Updated: 2026-10-29T00:48:58.000Z
Section: Business

> Adjusted earnings per share rose 13.2% from a year earlier. Fortive set a 2026 range of $3.10 to $3.14 per share.

Fortive raised its 2026 adjusted earnings target after third-quarter profit and sales exceeded estimates, with shares advancing as much as 8.7% Wednesday to a 16-month peak.

Adjusted earnings came in at 77 cents a share, compared with a 70-cent estimate and 68 cents a year earlier. Revenue reached $1.11 billion, up 7.8%, against a $1.07 billion forecast. Core revenue, which removes the effects of acquired or divested operations and currency changes, advanced 7.2%.

The new full-year adjusted earnings-per-share range is $3.10 to $3.14. Its $3.12 midpoint is above the $3.01 analyst estimate and implies about 15% growth from a year earlier. Fortive CEO Olumide Soroye said, “We are raising our full-year adjusted EPS guidance to $3.10 to $3.14, reflecting our strong year-to-date performance and our confidence in the trajectory of the business.”

Intelligent Operating Solutions generated $767 million in revenue, up 9.8%, while operating profit rose 23.6% to $223 million. Core revenue for the segment increased 9.1%, and its operating margin widened to 29.1% from 25.9% a year earlier.

Advanced Healthcare Solutions revenue grew 3.7% to $340 million, with core revenue up 3.1%. Operating profit declined 10.1% to $38 million, and the segment’s margin narrowed to 11.2% from 12.9%.

Net income from continuing operations reached $172.5 million, or 57 cents per share, compared with $117 million, or 35 cents, a year earlier. Prior-year net income including discontinued operations was $55 million, or 16 cents per share. Adjusted earnings before interest, taxes, depreciation and amortization increased 9.5% to $339 million, and its margin rose to 30.6% from 30.1%.

Fortive generated $313 million in operating cash flow, up 6.3%, and $284 million in free cash flow, up 6.7%. It repurchased about $300 million of shares during the quarter. Buybacks since the launch of its new corporate structure total about $2.3 billion, representing roughly 43 million shares, or 13% of shares outstanding.