Fortive Corporation announced financial results for the third quarter of 2026, reporting revenue of $1.11 billion for the three months ended October 2, 2026. This figure represents a 7.8% year-over-year increase on a reported basis, with core revenue growth also reported at 7.2%. The company reported GAAP net earnings of $173 million, up 47.4% from the prior year, resulting in a GAAP net earnings margin of 15.6%. Adjusted EBITDA for the quarter was $339 million, an increase of 9.5% year-over-year, with an adjusted EBITDA margin of 30.6%.
On a per-share basis, Fortive reported GAAP diluted earnings per share (EPS) of $0.57, a 62.9% increase from the prior year. Adjusted diluted EPS was $0.77, reflecting a 13.2% year-over-year increase. The company generated $313 million in GAAP operating cash flow and $284 million in free cash flow for the quarter. Fortive also returned capital to shareholders, completing $300 million in share repurchases during the quarter, which represented 5 million shares or 2% of diluted shares outstanding.
In terms of segment performance, the Intelligent Operating Solutions segment reported revenue of $767.1 million for the quarter, up 9.8% year-over-year. The Advanced Healthcare Solutions segment reported revenue of $340.4 million, up 3.7% year-over-year. Fortive raised its full-year 2026 adjusted diluted EPS guidance range to $3.10 to $3.14, an increase of 15% year-over-year at the midpoint. The company noted that this guidance reflects strong year-to-date performance and confidence in the business trajectory.
