The strong beat and guidance raise suggest momentum in HST AI-driven end markets. Traders should watch for follow-through in Q2 and potential upward estimate revisions. Consider long positions but monitor FSDP/FMT segment weakness.
Price Chart
Executive Summary
IDEX reported strong Q1 2026 results with adjusted EPS of $2.00 (beat by 13%) on revenue of $887M (beat by 4.7%), driven by 11% organic growth in HST segment from AI-related demand. The company raised full-year 2026 guidance: organic sales growth now 3-4% (from 1-2%) and adjusted EPS to $8.35-$8.55 (from $8.15-$8.35).
Key Financial Metrics
Key Facts
- Adjusted diluted EPS of $2.00 vs consensus $1.77 (+13% beat)
- Revenue of $886.9M vs consensus $847.5M (+4.7% beat)
- Organic sales growth of 5%; HST segment organic growth +11% on AI/data center demand
- Record orders of $988M, up 13% reported and 10% organically
- FY2026 guidance raised: organic sales +3-4%, adjusted EPS $8.35-$8.55
- Returned $76M in buybacks and $53M in dividends during Q1
Financial Impact
Positive; EPS beat of +13% and raised guidance indicating stronger growth trajectory.
Risk Factors
- Pressure from gross margin decline of 40bps due to unfavorable mix
- FSDP organic sales decline of 1% and FMT margin contraction
- Macro uncertainty and tariff exposure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000832101-26-000007 |
| Document: iex-20260429.htm | 0000832101-26-000007 |
| Document: 0000832101-26-000007-index-headers.html | 0000832101-26-000007 |
| Document: 0000832101-26-000007-index.html | 0000832101-26-000007 |
| Document: 0000832101-26-000007.txt | 0000832101-26-000007 |
| 8-K Data (Synthetic) | 0000832101-26-000007 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 29, 2026 9w ago | 8-K | $229.52 $234.89 | ▲ +2.34% | ▼ −2.68% | $232.99 (+1.51%) |
Apr 29, 2026 22w ago | 8-K | $217.08 $209.83 | ▼ −3.34% | ▼ −9.39% | $232.99 (+7.33%) |
Mar 26, 2026 27w ago | DEFA14A | $189.57 $204.63 | ▲ +7.94% | ▼ −2.72% | $232.99 (+22.91%) |
US Market Status
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