Berwyn, Pennsylvania-based AMETEK, Inc. (AME) manufactures and sells electronic instruments and electromechanical devices. Valued at $59.3 billion by market cap, the company manufactures advanced instruments for process, aerospace, power, and industrial markets, and is a supplier of electrical interconnects, specialty metals, technical motors and systems, and floor care and specialty motors. Shares of this industrial giant have outperformed the broader market over the past year.
AME has gained 38.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 20.2%. In 2026, AME stock is up 26.2%, surpassing the SPX's 13.2% rise on a YTD basis. A $20 Billion Reason Why Intel Stock Is in Focus Marvell Technology (MRVL) Stock Might Offer a Quick Bounce Before Earnings Most Analysts Still Aren't Bullish on Tesla Stock, Even After Recent Selloff.
Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Zooming in further, AME's outperformance looks less pronounced compared to the State Street Industrial Select Sector SPDR ETF (XLI). The exchange-traded fund has gained about 21.8% over the past year.
Moreover, the stock's returns on a YTD basis outshine the ETF's 19.8% gains over the same time frame. AMETEK outperformed on strong Q2 results driven by broad demand in semiconductor, aerospace, and MedTech. CEO David Zapico cited "double-digit organic sales growth," record orders up 25%, and a $4.1 billion backlog, with about 80% expected to ship in the next 12 months.
Electronic Instruments benefited from AI-driven semiconductor equipment and power solutions, while Electromechanical saw MedTech and automation strength. Management raised full-year guidance, pointing to AI, defense, and power grid modernization as durable drivers. M&A remains key, with the pending Indicor deal and FARO integration set to boost growth and margins.
On Aug. 4, AME shares closed up more than 4% after reporting its Q2 results. Its adjusted EPS of $2.09 exceeded Wall Street expectations of $1.99. The company's revenue was $2.04 billion, beating Wall Street forecasts of $1.96 billion.
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