Mettler-Toledo Q2 2026: sales up 4%, EPS $11.55, guidance raised
Mettler-Toledo beat on both lines in Q2 2026: adjusted EPS was $11.46 against a $10.90 consensus, and full-year guidance moved up. Read the quarter carefully — a one-time $52 million US tariff refund flattered cost of sales, and gross margin's jump from 59.0% to 63.3% is mostly that. Organic local currency sales grew 4%, with the Americas the weak spot.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $11.55 versus $9.76, up 18%, and adjusted EPS was $11.46 versus $10.09, up 14%. That adjusted number clears the $10.90 consensus by roughly 5%. Watch the direction of the adjustments: GAAP EPS is the higher figure here because it still includes about $0.92 of net tariff-refund benefit that the adjusted number removes.
Reported sales rose 4% to $1.027 billion from $0.983 billion a year earlier, but the regional mix was lopsided: Americas reported sales fell 3%, while Europe rose 7% and Asia/Rest of World rose 12%. In local currency, sales increased 6% excluding a one-time tariff refund to customers, and 4% once acquisitions are also stripped out. Note that the $28 million refunded to customers actually shaved 3 percentage points off reported growth, so the underlying top line was stronger than the headline 4%.
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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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