$FTV · Fortive Corp
Fortive Corp filed its Q3 FY2026 10-Q, reporting revenue of $1.107B (+7.8% YoY), GAAP EPS from continuing operations of $0.57 (vs. $0.35 a year ago), and net income of $172.5M. Gross margin expanded to 64.2% and operating margin reached 21.3%. The company continued aggressive share repurchases, spending $1.0B over nine months to reduce shares outstanding to 298.1M.
- Revenue of $1.107B grew 7.8% YoY, with products and software up 8.6% to $884.6M.
- Operating profit jumped 47.8% YoY to $235.9M; operating margin expanded to 21.3%.
- GAAP EPS from continuing operations was $0.57, up from $0.35 in Q3 2025.
- Gross margin reached 64.2%, up from 63.2% a year ago.
- Company repurchased $1.0B in shares over nine months, reducing outstanding shares from 313.4M to 298.1M.
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
Fortive delivered its strongest YoY operating margin expansion in recent quarters while simultaneously retiring 4.9% of shares outstanding, signaling both operational momentum and capital allocation conviction.
Fortive's 64.2% gross margin and 21.3% operating margin reflect the industrial technology shift toward software-enabled workflows. The $1B buyback pace signals management confidence in the post-Ralliant spin-off standalone strategy.
Long-term debt increased to $3.51B from $2.31B at year-end 2025, with net interest expense rising to $38.8M from $25.4M YoY. Goodwill remains elevated at $7.33B (64% of total assets), creating impairment exposure if business conditions deteriorate.