AMETEK, Inc. stock research
FY2026 Q1
AMETEK (AME) Gross Margin — Quarter Ended Mar 31, 2026
Revenue declined from the prior quarter but increased compared to the same quarter last year. Gross margin improved sequentially and relative to the year-ago period, as the reduction in cost of revenue was proportionally larger than the decline in revenue.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue declined from the prior quarter but increased compared to the same quarter last year. Gross margin improved sequentially and relative to the year-ago period, as the reduction in cost of revenue was proportionally larger than the decline in revenue.
- The strongest observable margin driver is the gross margin expansion from the prior quarter, supported by a lower cost of revenue relative to revenue.
- Sequentially, gross margin improved while revenue was lower; compared with the same quarter last year, both revenue and gross margin were higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.2%
Gross profit
$717.6M
Revenue
$1.9B
Cost of revenue
$1.2B
Quarter-over-quarter change
+1.2 pts
Year-over-year change
+1.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $1.8B | $635.9M | $1.1B | 35.8% |
| Sep 30, 2025 | $1.9B | $686.1M | $1.2B | 36.3% |
| Dec 31, 2025 | $2.0B | $720.4M | $1.3B | 36.0% |
| Mar 31, 2026 | $1.9B | $717.6M | $1.2B | 37.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+1.2 pts
Year-over-year change
Mar 31, 2025
+1.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the gross margin expansion from the prior quarter, supported by a lower cost of revenue relative to revenue.
Sequentially, gross margin improved while revenue was lower; compared with the same quarter last year, both revenue and gross margin were higher.
Monitor changes in cost of revenue relative to revenue to assess whether the improved gross margin can be sustained.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| AMETEK, Inc. (AME) | 37.2% |