Description

Fortive’s Hidden Margin Divide: 36% in Industrial Solutions, but Healthcare Is Struggling?

Fortive Corporation reported third-quarter 2026 results demonstrating continued execution of its Fortive Accelerated Strategy. The company posted 8% year-over-year total revenue growth, with core growth of 7.2%, driven by strong customer demand and operational discipline. Adjusted EBITDA increased by approximately 10%, and adjusted earnings per share rose 13%, marking the fifth consecutive quarter of double-digit EPS growth. These financial advances were supported by healthy organic growth across both Intelligent Operating Solutions (IOS) and Advanced Healthcare Solutions (AHS) segments. The IOS segment showed notable strength with 10% reported revenue growth and 9% core growth, fueled by professional instrumentation, facilities and asset lifecycle solutions, and gas detection products. Fluke’s broad-based growth, particularly in industrial and network portfolios, and strategic investments in higher-growth areas such as data centers and defense contributed to the segment’s momentum. Adjusted EBITDA margin expanded 120 basis points year-over-year to nearly 36%, reflecting operating leverage and cost discipline.