Highlights

  • Third quarter 2026 sales were $1,107.5 million, compared with $1,027.1 million, and diluted earnings per share were $0.57, compared with $0.16.
  • Net earnings from continuing operations were $172.5 million in the third quarter, compared with $117.0 million in the comparable 2025 period.
  • Fortive repurchased 5.0 million shares at an average price of $60.14 during the third quarter ended October 2, 2026.
  • Operating profit margin was 21.3% in the third quarter, compared with 15.5%, and included tariff refunds recognized within cost of sales.

Fortive Corporation (NYSE:FTV) shares were trading at USD 63.56 on October 28, 2026, up 3.15%, with a relative volume at time of 3.80. The company completed a notes offering in May and a bolt-on acquisition in June, and filed its quarterly report for the quarter ended October 2, 2026 on October 28.

Fortive is incorporated in Delaware and lists its principal executive offices in Everett, Washington. The company describes itself as innovating essential technologies to keep the world safe and productive. It reports two segments. Intelligent Operating Solutions provides advanced instrumentation, software and services, and Advanced Healthcare Solutions supplies workflow solutions for healthcare providers. Its facilities are located in approximately 50 countries. Fortive completed the separation of its former Precision Technologies segment into Ralliant Corporation on June 28, 2025, and reports that business as a discontinued operation.

Third Quarter Results

Fortive reported sales of $1,107.5 million for the third quarter ended October 2, 2026, compared with $1,027.1 million for the comparable 2025 period. Total revenue growth on a GAAP basis was 7.8%, and non-GAAP core revenue growth was 7.2%. The company said pricing was 2.3% and volume growth was 4.9%.

Operating profit was $235.9 million, compared with $159.6 million. Operating profit margin was 21.3%, compared with 15.5%. Net earnings from continuing operations were $172.5 million, or $0.57 per diluted share, compared with $117.0 million, or $0.35 per diluted share. Net earnings per diluted share, including discontinued operations, were $0.57, compared with $0.16.

The company recognized IEEPA tariff refunds of $18.0 million in the third quarter within cost of sales. It also noted a capitalized software impairment among the items affecting operating margin.

Segments and Year to Date

Intelligent Operating Solutions sales were $767.1 million, compared with $698.8 million, and operating profit was $223.4 million, compared with $180.7 million. Advanced Healthcare Solutions sales were $340.4 million, compared with $328.3 million, and operating profit was $38.2 million, compared with $42.5 million.

For the nine months ended October 2, 2026, sales were $3,273.7 million, compared with $3,036.6 million, and net earnings were $466.2 million, or $1.51 per diluted share.

Cash Flow, Debt and Capital

Cash and equivalents were $377.3 million at October 2, 2026, compared with $375.5 million at December 31, 2025. Long-term debt was $3,514.2 million. Net cash provided by operating activities for the nine months was $834.2 million.

On May 14, 2026, Fortive completed a registered offering of 2031 Notes and 2036 Notes with net proceeds of $1.1 billion. It used proceeds to repay $900 million of 3.15% senior unsecured notes at maturity on June 15, 2026. In June 2026, it made a bolt-on acquisition in the AHS segment for approximately $58 million, net of acquired cash. Fortive also filed an automatic shelf registration statement on July 20, 2026.

For the nine months, Fortive repurchased 17.2 million shares at an average price of $58.00 for approximately $1.0 billion and paid dividends of $57.3 million. At October 2, 2026, 12.7 million shares and $66.7 million remained authorized under its two repurchase programs.

Outlook

The quarterly report does not provide numerical guidance. It says Fortive's financial outlook is subject to assumptions and risks, including geopolitical events, inflationary pressures, tariff uncertainty, foreign exchange volatility and the IEEPA ruling and refund process. The company said it expects to have sufficient liquidity for the foreseeable future and expects to continue submitting tariff refund claims. A restructuring plan begun in the fourth quarter of 2024 is expected to be completed by the end of 2026.