Fortive Corporation (NYSE:FTV), the Everett, Washington-based industrial technology company, filed its Form 10-Q for the quarterly period ended October 2, 2026, reporting third-quarter total sales of $1,107.5 million and continued share repurchase activity that reduced shares outstanding to 298.1 million.

Key Highlights

  • Total quarterly sales of $1,107.5 million: products and software contributed $884.6 million and services contributed $222.9 million for the three months ended October 2, 2026.
  • Operating profit of $235.9 million: up from $159.6 million in the comparable prior-year quarter ended September 26, 2025, according to the filing.
  • Net earnings from continuing operations of $172.5 million: producing diluted earnings per share of $0.57 for the third quarter.
  • Nine-month total sales of $3,273.7 million: compared to $3,036.6 million for the nine months ended September 26, 2025.
  • Share repurchases of $302.8 million in Q3 alone: with total treasury shares reaching $4,239.1 million as of October 2, 2026.
  • Long-term debt increased to $3,514.2 million: from $2,306.5 million at December 31, 2025, while the current portion of long-term debt fell to zero from $899.5 million.
  • Quarterly dividend declared at $0.07 per share: up from the $0.06 per share declared in each of the first two quarters of 2026.

Fortive's Third-Quarter Financial Position and Operating Performance

Fortive Corporation, a Delaware-incorporated industrial technology company headquartered at 6920 Seaway Blvd, Everett, WA 98203, reported third-quarter 2026 results in its quarterly filing with the SEC. The company generates revenue across two categories: products and software, which accounted for $884.6 million of the quarter's $1,107.5 million in total sales, and services, which contributed the remaining $222.9 million. Gross profit for the quarter was $710.6 million, compared with $649.2 million in the year-earlier period, reflecting a lower total cost of sales relative to the increase in revenues.

Selling, general and administrative expenses declined to $406.5 million in Q3 2026 from $427.6 million in Q3 2025, while research and development spending increased to $68.2 million from $62.0 million over the same comparison. Net interest expense rose to $38.8 million for the quarter from $25.4 million a year earlier, a change the filing links to the shift in the company's debt structure: the balance sheet as of October 2, 2026 showed long-term debt of $3,514.2 million and no current portion, versus long-term debt of $2,306.5 million and a current portion of $899.5 million at December 31, 2025. Total assets stood at $11,502.8 million, down from $11,737.7 million at year-end 2025, with goodwill of $7,334.0 million and other intangible assets, net, of $1,931.3 million representing the largest components.

On a nine-month basis, net earnings from continuing operations were $466.2 million, or $1.51 diluted, against $341.2 million, or $1.00 diluted, for the first nine months of 2025. The company repurchased a combined 17.2 million shares across the three quarters of 2026 for a total of $1,009.3 million in treasury share additions. Common shares outstanding at October 23, 2026 were reported as 297,644,456. Retained earnings grew to $5,837.4 million from $5,428.5 million at December 31, 2025, reflecting nine-month net earnings partially offset by dividends declared.

What Was Disclosed

Fortive filed a Form 10-Q for the fiscal quarter ended October 2, 2026, disclosing quarterly total sales of $1,107.5 million, operating profit of $235.9 million, diluted EPS of $0.57 from continuing operations, and ongoing share repurchases totaling $302.8 million in Q3 2026 alone.