IDEX Q2 2026: sales up 6%, adjusted EPS $2.32, full-year guidance raised
IDEX beat the Street and raised full-year guidance: adjusted EPS of $2.32 cleared the $2.131 consensus, orders topped $1 billion for the first time, and revenue of $920.6 million rose 6%. The catch is that a one-time tariff-refund benefit did much of the margin work. Read the quarter as a real demand story at HST plus a smaller, repeatable base underneath.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $1.93 rose 11% and adjusted diluted EPS of $2.32 rose 12%, beating the $2.131 consensus by about $0.19, or 8.9%. Roughly $0.08 of that came from IEEPA tariff refunds, so about $2.24 of the $2.32 is the underlying run rate. The $0.39 gap between GAAP and adjusted EPS is mostly $33.2 million of quarterly acquisition-related intangible amortization.
Revenue of $920.6 million rose 6.0% from $865.4 million a year ago, and 5.0% of that came from organic growth rather than deals or currency. The headline is the order book: $1,071.6 million of orders, up 29.0% reported and 28.0% organically, which is the strongest signal in the release. Note that sales would have looked better without the $14.7 million reduction from expected customer rebates tied to tariff refunds.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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