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Mettler-Toledo reported Q2 FY2026 revenue of $1.0 billion, up 4.48% from $983.2 million in Q2 FY2025. The company’s revenue was 0.46% below the consensus, which also rounded to $1.0 billion. Mettler-Toledo reported adjusted EPS, as the consensus counts it, of $11.46 versus the $10.78 consensus, or 6.31% above it, while diluted EPS was $11.55, up 18.3% from $9.76.
The filing says organic local-currency sales increased 4%, with laboratory sales up 4%, industrial sales up 3%, and service sales up 7%. Mettler-Toledo said organic local-currency revenue rose 1% in the Americas, 4% in Europe and 9% in Asia/Rest of World, including 9% growth in China. Gross margin was 63.3%, compared with 59.0%, and operating margin was 30.6%, compared with 27.0%. The company reported free cash flow of $282.6 million, compared with $212.5 million a year earlier.
| Q2 FY2026 | Q2 FY2025 | Change | |
|---|---|---|---|
| Revenue | $1.0 billion | $983.2 million | 4.48% |
| Diluted EPS | $11.55 | $9.76 | 18.3% |
| Gross margin | 63.3% | 59.0% | 4.3 percentage points |
| Operating margin | 30.6% | 27.0% | 3.6 percentage points |
| Free cash flow | $282.6 million | $212.5 million | 33.0% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $11.46 | $10.78 | Beat by 6.31% |
| Revenue | $1.0 billion | $1.0 billion | In line |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
No transcript or other record of Mettler-Toledo’s latest earnings call is available. The company’s filing said Q2 organic local-currency sales growth included process analytics, laboratory balances and analytical instruments, while core industrial growth also contributed.
The filing attributed gross-profit improvement, excluding one-time tariff-related U.S. government and customer refunds, to favorable price realization, lower tariff costs and benefits from its SternDrive program; unfavorable foreign currency and higher transportation costs partly offset those items. Mettler-Toledo also said its local-currency selling, general and administrative expense increase included sales and marketing investments, partly offset by cost-savings initiatives. The filing did not provide call-based analyst questions, responses, or management commentary on the quarter ahead.
Guidance
Mettler-Toledo forecasts Q3 FY2026 non-GAAP EPS of $12.00–$12.15. The company also expects Q3 FY2026 local-currency sales to increase approximately 4%. The available company guidance does not identify a previous outlook for comparison.
| Metric | For | Guide | Previous guide | Change |
|---|---|---|---|---|
| EPS, non-GAAP | Q3 FY2026 | $12.00–$12.15 | — | New |