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How Fortive (FTV) makes money: Q2 2026 revenue breakdown
The quarter in brief
Revenue grew 7.9% y/y to $1.10B, operating margin 19.1% vs 16.7%, net income $157M (−5.6% y/y).
Key growth driver: Intelligent Operating Solutions — the fastest-growing revenue line: $758, +9% y/y. · by the Q2 2026 report
Net earnings
$157M
down 5.6% y/y
Sales
$1,097M
up 7.9% y/y
Operating profit
$210M
up 23.6% y/y
Next report
not announced yet
How does Fortive make money?
Fortive brought in $1.10 billion of revenue in Q2 2026, up 7.9% year over year. The largest source was Intelligent Operating Solutions: $758 million, or 69% of the total, followed by Advanced Healthcare Solutions ($339M, 31%). Net income for the quarter was $157 million, down 5.6% year over year.
Revenue by source, Q2 2026
- Intelligent Operating Solutions$758M · 69% · +8.8%
- Advanced Healthcare Solutions$339M · 31% · +6.0%
Shares of $1.10B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
All figures in $M.
| Line item | Amount and change |
|---|---|
| Intelligent Operating Solutions | $758 · +8.8% |
| Advanced Healthcare Solutions | $339 · +6.0% |
| Sales | $1,097 · +7.9% |
| Cost of sales | $402 · +8.3% |
| Gross profit | $695 · +7.7% · 63.4% margin |
| Selling, general and administrative | $418 · +2.3% |
| Research and development | $67.5 · +0.4% |
| Operating profit | $210 · +23.6% · 19.1% margin |
| Other non-operating income, net | $5 · +163% |
| Interest expense, net | $35.4 · +10.3% |
| Earnings from continuing operations before income taxes | $180 · +28.6% |
| Income taxes | $22.2 · −20.7% · 12.4% effective rate |
| Net earnings | $157 · −5.6% · $0.51/sh · 14.3% margin |
Verdict: revenue grew 7.9% y/y to $1.10B, operating margin 19.1% vs 16.7%, net income $157M (−5.6% y/y).
Diluted EPS $0.51 vs $0.49 a year earlier ($0.51 vs $0.33 from continuing operations); core revenue growth 6.7% and adjusted EPS growth 28% (non-GAAP); FY 2026 adjusted EPS guidance raised to $2.95 to $3.05.
Source and notation
Source: Fortive earnings release, 8-K EX-99 of 07/29/2026 (SEC EDGAR). The income statement lines were taken from the release by hand; the program found every figure in the release text and checked the accounting identities and the chart balance; revenue and net income match the company's 10-Q.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Net earnings from continuing operations rose to $157.3M from $111.6M; the prior-year quarter also had $55.0M from discontinued operations, so total net earnings were lower than a year ago.
- Intelligent Operating Solutions sales rose to $758.2M with a 26.8% segment operating margin; about $200 million of shares were repurchased in the quarter.
- Gross margin was 63.4% vs 63.5% a year earlier.
- Operating income was $210M, a 19.1% margin vs 16.7% a year earlier.
- The effective tax rate was 12.4% vs 20.1% a year earlier.
- Diluted EPS was $0.51 vs $0.49 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
- Olumide O. SoroyePresident and Chief Executive Officer [1]
- Mark D. OkerstromSenior Vice President and Chief Financial Officer [2]
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-07-29 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-07-29 · SEC EDGAR · 10/20/2026
Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. · Text: Wikipedia, CC BY-SA 4.0, abridged
The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of December 2022, Fortive has over 18,000 employees in 60 countries worldwide.
Heads-up
- net income fell 6% y/y in Q2 2026
Most likely because intelligent Operating Solutions sales rose to $758.2M with a 26.8% segment operating margin; gross margin was 63.4% vs 63.5% a year earlier; the effective tax rate was 12.4% vs 20.1% a year earlier. Based on the Q2 2026 report.
The company's report ↗Company guidance
Same quarter a year ago (ended September 26, 2025): revenue $1.027B, EPS (GAAP) $0.16
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
FTV earnings history: past report dates
| Jul 29, 2026 Wed | 7:33 ambefore market open | Jul 3, 2026 | $1.1B+8% y/y | $0.51+4% y/y |
| Apr 30, 2026 Thu | 7:34 ambefore market open | Apr 3, 2026 | $1.1B+8% y/y | $0.44−12% y/y |
| Feb 4, 2026 Wed | 7:34 ambefore market open | Dec 31, 2025 | $1.1B+5% y/y | $0.58−3% y/y |
| Oct 29, 2025 Wed | 7:34 ambefore market open | Sep 26, 2025 | $1.0B+2% y/y | $0.16−75% y/y |
| Jul 30, 2025 Wed | 7:33 ambefore market open | Jun 27, 2025 | $1.0B−0% y/y | $0.49−11% y/y |
| May 1, 2025 Thu | 7:32 ambefore market open | Mar 28, 2025 | $993M+1% y/y | $0.50−14% y/y |
| Feb 7, 2025 Fri | 7:37 ambefore market open | Dec 31, 2024 | $1.1B−32% y/y | $0.60−19% y/y |
| Oct 30, 2024 Wed | 7:33 ambefore market open | Sep 27, 2024 | $1.0B−33% y/y | $0.63+3% y/y |
| Jul 24, 2024 Wed | 7:33 ambefore market open | Jun 28, 2024 | $1.0B−33% y/y | $0.55−7% y/y |
| Apr 24, 2024 Wed | 7:33 ambefore market open | Mar 29, 2024 | $984M−33% y/y | $0.58+18% y/y |
| Jan 31, 2024 Wed | 7:32 ambefore market open | Dec 31, 2023 | ≈$1.6B+4% y/y | ≈$0.74+16% y/y |
| Oct 25, 2023 Wed | 7:37 ambefore market open | Sep 29, 2023 | $1.5B+3% y/y | $0.61+15% y/y |
| Jul 26, 2023 Wed | 7:35 ambefore market open | Jun 30, 2023 | $1.5B+4% y/y | $0.59+23% y/y |
| Apr 26, 2023 Wed | 7:34 ambefore market open | Mar 31, 2023 | $1.5B+6% y/y | $0.49+9% y/y |
| Feb 1, 2023 Wed | 7:34 ambefore market open | Dec 31, 2022 | ≈$1.5B+11% y/y | ≈$0.64+45% y/y |
| Oct 26, 2022 Wed | 7:34 ambefore market open | Sep 30, 2022 | $1.5B+12% y/y | $0.53+26% y/y |
| Jul 28, 2022 Thu | 7:33 ambefore market open | Jul 1, 2022 | $1.5B+11% y/y | $0.48+0% y/y |
| Apr 28, 2022 Thu | 7:40 ambefore market open | Apr 1, 2022 | $1.4B+9% y/y | $0.45+67% y/y |
| Feb 3, 2022 Thu | 7:35 ambefore market open | Dec 31, 2021 | $1.4B+4% y/y | $0.44−87% y/y |
| Oct 28, 2021 Thu | 4:12 pmafter market close | Oct 1, 2021 | $1.3B+12% y/y | $0.42−31% y/y |
| Jul 12, 2021 Mon | 4:20 pmafter market close | Jul 2, 2021 | $1.3B+27% y/y | $0.48+45% y/y |
| Apr 29, 2021 Thu | 4:15 pmafter market close | Apr 2, 2021 | $1.3B+14% y/y | $0.27+286% y/y |
| Feb 4, 2021 Thu | 4:15 pmafter market close | Dec 31, 2020 | $1.3B+5% y/y | $3.37+548% y/y |
| Oct 5, 2020 Mon | 7:06 ambefore market open | Sep 25, 2020 | $1.2B+1% y/y | $0.61+9% y/y |
| Jul 28, 2020 Tue | 4:19 pmafter market close | Jun 26, 2020 | $1.0B−11% y/y | $0.33−28% y/y |
| Apr 30, 2020 Thu | 4:14 pmafter market close | Mar 27, 2020 | $1.1B+13% y/y | $0.07−84% y/y |
| Feb 6, 2020 Thu | 4:15 pmafter market close | Dec 31, 2019 | $1.3B−28% y/y | $0.52−92% y/y |
| Oct 29, 2019 Tue | 8:04 pmafter market close | Sep 27, 2019 | $1.2B−37% y/y | $0.56−12% y/y |
| Jul 25, 2019 Thu | 4:21 pmafter market close | Jun 28, 2019 | $1.2B−37% y/y | $0.46−45% y/y |
| Apr 25, 2019 Thu | 4:19 pmafter market close | Mar 29, 2019 | $980M−44% y/y | $0.43−42% y/y |
| Feb 7, 2019 Thu | 4:14 pmafter market close | Dec 31, 2018 | $1.8B−3% y/y | $6.17+549% y/y |
| Oct 25, 2018 Thu | 4:20 pmafter market close | Sep 28, 2018 | $1.8B+9% y/y | $0.64−16% y/y |
| Jul 26, 2018 Thu | 4:19 pmafter market close | Jun 29, 2018 | $1.9B+14% y/y | $0.83+22% y/y |
| Apr 26, 2018 Thu | 4:26 pmafter market close | Mar 30, 2018 | $1.7B+13% y/y | $0.74+30% y/y |
| Feb 8, 2018 Thu | 4:10 pmafter market close | Dec 31, 2017 | $1.8B+11% y/y | $0.95+48% y/y |
| Oct 26, 2017 Thu | 4:25 pmafter market close | Sep 29, 2017 | $1.7B+8% y/y | $0.76+17% y/y |
| Jul 27, 2017 Thu | 4:20 pmafter market close | Jun 30, 2017 | $1.6B+5% y/y | $0.68−1% y/y |
| Apr 27, 2017 Thu | 4:26 pmafter market close | Mar 31, 2017 | $1.5B+4% y/y | $0.57+8% y/y |
| Feb 7, 2017 Tue | 4:17 pmafter market close | Dec 31, 2016 | $1.6B+3% y/y | $0.64−6% y/y |
| Oct 27, 2016 Thu | 4:22 pmafter market close | Sep 30, 2016 | $1.6B+3% y/y | $0.65+14% y/y |
| Aug 2, 2016 Tue | 4:24 pmafter market close | Jul 1, 2016 | $1.6B−1% y/y | $0.69+5% y/y |
Show all 41 reports since 2016Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Fortive: 12-year financials
| 2025 | 4,159 | 720 | 579 | 978 | 92.2 |
| 2024 | 4,081 | 716 | 833 | 1,441 | 111 |
| 2023 | 3,914 | 574 | 866 | 1,275 | 102 |
| 2022 | 5,826 | 987 | 755 | 1,207 | 99.5 |
| 2021 | 5,255 | 813 | 574 | 911 | 97.7 |
| 2020 | 4,634 | 539 | 1,544 | 1,361 | 94.4 |
| 2019 | 4,564 | 444 | 670 | 1,197 | 93.8 |
| 2018 | —* | 645 | 2,879 | 1,275 | 96.6 |
| 2017 | 6,656 | 1,143 | 1,045 | 1,065 | 97.2 |
| 2016 | 6,224 | 1,062 | 872 | 1,027 | 48.4 |
| 2015 | 6,179 | 1,270 | 864 | 889 | — |
| 2014 | 6,337 | 1,245 | 883 | 844 | — |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. History starts in 2014: earlier years aren’t in the company’s SEC filings (it’s younger or was spun off). “—*” in revenue: we don’t show that year’s revenue — the annual figure is more than 2% off the sum of the quarters, or the filing tags several revenue lines and the total can’t be pinned down.
Shareholders’ equity at Apr 3, 2026: $6.1B (53% of total assets). Compare with other S&P 500 companies →
Included in screener lists: S&P 500 companies that paid dividends 10 years without a gap · S&P 500 companies shrinking their share count
Fortive (FTV) earnings: FAQ
How does Fortive make money?
Fortive brought in $1.10 billion of revenue in Q2 2026, up 7.9% year over year. The largest source was Intelligent Operating Solutions: $758 million, or 69% of the total, followed by Advanced Healthcare Solutions ($339M, 31%). Net income for the quarter was $157 million, down 5.6% year over year.
When is FTV's next earnings date?
We have not yet seen an announcement of the date from Fortive (FTV). Based on last year's report on Oct 29, 2025, the next report is expected around Oct 28, 2026.
What time does FTV report earnings?
Fortive usually reports before market open: its latest results release was filed with the SEC at 7:33 am ET on Jul 29, 2026.
When did FTV last report earnings?
Fortive reported Q2 2026 results on Jul 29, 2026.
Where can I find Fortive's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to FTV's filings; this page breaks the latest report down in a Sankey chart.
What was FTV's net income in Q2 2026?
Fortive reported net income of $157M for Q2 2026 (−5.6% year over year), under US GAAP.
Does Fortive pay dividends?
Yes. In 2025, Fortive paid $92M in dividends on its common stock, per its 10-K. Earlier years are in the 12-year table above.
How has Fortive's revenue changed since 2014?
Per its 10-K filings, revenue fell 34%: $6,337M in 2014 and $4,159M in 2025. The peak was $6,656M in 2017. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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