Is Fortive profitable in 2026?

Yes. Fortive posted Q1 2026 adjusted EPS of $0.70, up 25.4% year over year, on revenue of $1.069 billion (April 30, 2026). Full year 2026 adjusted EPS guidance stands at $2.90 to $3.00, reaffirmed the same day.

Who owns Fortive Corporation?

Fortive is a publicly traded company on the NYSE under ticker FTV with no controlling parent. It was spun off from Danaher on July 2, 2016. As of July 23, 2026, its market capitalization was about $18.4 billion with shares near $60.65.

Did Fortive spin off Ralliant?

Yes. Fortive completed the separation of its Precision Technologies segment, including Tektronix, into an independent NYSE-listed company, Ralliant Corporation (RAL), on June 28, 2025, after announcing the plan in September 2024.

Is Fortive a safe company to join in 2026?

Fortive employs more than 10,000 people across roughly 50 countries as of June 2026, with no reported layoffs. Q1 2026 revenue grew 7.7% to $1.069 billion and adjusted EPS rose 25.4%, signaling operational stability post spinoff.

Could AI replace Fortive's software products?

Fortive frames AI as a growth enabler rather than a threat to its embedded compliance software. CEO Olumide Soroye told investors on April 30, 2026 that AI powered solutions in the Advanced Healthcare Solutions segment are driving new value and faster growth.

Who is Fortive's biggest competitor?

Fortive faces different rivals by segment: Keysight Technologies and Rohde and Schwarz in test instrumentation, and ServiceNow, IBM Maximo, and SAP competing with its Accruent and Intelex workflow software, per a February 8, 2026 competitive analysis.

Manufacturing companies · United States

Fortive Corporation

fortive.com ↗

Industrial software and test-tool maker (Fluke, Gordian) spun off from Danaher.

Hard to displace

Assessed 24 July 2026 · Evidence as of 24 July 2026

Strong structural protection; the business model survives ai pressure.

On the recordSince 24 July 2026 · Checkable from July 29, 2026 · Every call on the record Checkpoint: Q2 2026 earnings call covering tariff impact and post-Ralliant core growth

The call

Fortive keeps its regulated, brand-locked customer base intact while AI-native rivals nibble at margins rather than take named accounts.

Fortive sells software that helps factories manage maintenance and safety, plus testing equipment that engineers use to measure electrical signals and performance. It is hard to replace because customers are locked into its systems by regulations, data they have built up over years, and the need to keep workflows running without interruption. Rivals like ServiceNow and IBM push similar software, and new AI-powered challengers like Limble are chipping away at its margins, but none have yet stolen significant customers. The main thing that could change this picture is if AI gets good enough to let customers run their maintenance software on completely new platforms, or if AI-powered testing tools make Fortive's hardware less valuable than it is today.

Why

AI pressure: Limble, Benchmark Gensuite (AI-native CMMS/EHS platforms). Cheaper AI-driven maintenance software chips at renewal margins but has not pulled named customers away yet. Could AI do the core job? Only partly.

Bigger players: ServiceNow, IBM Maximo, SAP. Their asset-management and EHS modules already compete for the same facilities and compliance budgets Fortive serves. Could a giant copy it? Probably.

What protects it. Regulated calibration and compliance workflows plus decades of Fluke brand trust keep switching costs high.

What would change this call

Fortive reports net revenue retention or organic software growth for Accruent/Gordian in quarterly filings. A decline would show AI-native CMMS challengers are converting Fortive customers.
Fluke's gross margin trend in Fortive's 10-Q/10-K filings through 2026. Falling margins would show software-defined measurement tools eroding its hardware premium.
Keysight or Rohde & Schwarz report test-tool market share gains in earnings commentary. Would confirm instrumentation rivals are pulling customers from Fortive's Fluke/Tektronix lines.

Key numbers

Fluke marks 75+ years of brand history with technicians (2023-03-08)
~$500M in share buybacks in Q1 2026 (Q1 2026)
New senior notes issued in May 2026 to manage leverage (May 2026)

Named risks

Tariff-related margin pressure flagged as ongoing through 2026. Severity: medium
AI-native CMMS/EHS entrants (Limble, Benchmark Gensuite) could erode software net revenue retention. Severity: medium
AI-assisted measurement tools from rivals could commoditize Fluke's premium hardware pricing. Severity: medium
Post-spinoff execution risk as New Fortive operates its first full years after the Ralliant separation. Severity: low

Rivals, as read in July 2026

Rival	Direction	Evidence
Keysight Technologies	contesting	AI-enabled software-defined measurement pressuring Fluke hardware margins, per Feb 8, 2026 analysis
ServiceNow / IBM Maximo / SAP	contesting	Compete with Fortive's Accruent and eMaint CMMS software, per Dec 18, 2025 landscape analysis
Limble CMMS and Benchmark Gensuite	gaining on	AI-native CMMS/EHS entrants flagged as risk to net revenue retention, Feb 8, 2026
Mirion Technologies	contesting	Named key competitor to Fortive's Landauer/RaySafe radiation safety business
Ralliant Corporation	contesting	Former Fortive Precision Technologies unit now competes as independent test and measurement company since June 28, 2025 spinoff

Questions people ask

Is Fortive profitable in 2026?: Yes. Fortive posted Q1 2026 adjusted EPS of $0.70, up 25.4% year over year, on revenue of $1.069 billion (April 30, 2026). Full year 2026 adjusted EPS guidance stands at $2.90 to $3.00, reaffirmed the same day.
Who owns Fortive Corporation?: Fortive is a publicly traded company on the NYSE under ticker FTV with no controlling parent. It was spun off from Danaher on July 2, 2016. As of July 23, 2026, its market capitalization was about $18.4 billion with shares near $60.65.
Did Fortive spin off Ralliant?: Yes. Fortive completed the separation of its Precision Technologies segment, including Tektronix, into an independent NYSE-listed company, Ralliant Corporation (RAL), on June 28, 2025, after announcing the plan in September 2024.
Is Fortive a safe company to join in 2026?: Fortive employs more than 10,000 people across roughly 50 countries as of June 2026, with no reported layoffs. Q1 2026 revenue grew 7.7% to $1.069 billion and adjusted EPS rose 25.4%, signaling operational stability post spinoff.
Could AI replace Fortive's software products?: Fortive frames AI as a growth enabler rather than a threat to its embedded compliance software. CEO Olumide Soroye told investors on April 30, 2026 that AI powered solutions in the Advanced Healthcare Solutions segment are driving new value and faster growth.
Who is Fortive's biggest competitor?: Fortive faces different rivals by segment: Keysight Technologies and Rohde and Schwarz in test instrumentation, and ServiceNow, IBM Maximo, and SAP competing with its Accruent and Intelex workflow software, per a February 8, 2026 competitive analysis.

Timeline

2026-07-29Fortive scheduled to report Q2 2026 earnings
2026-07-23Fortive market cap about $18.4 billion, shares near $60.65
2026-05Fortive issued new senior notes
2026-04-30Q1 2026 results: revenue $1.069B, adjusted EPS $0.70, up 25.4% YoY
2026-02-04FY2025 results: revenue $4.159B, adjusted EPS $2.71
2025-06-28Ralliant separation completed; Olumide Soroye becomes CEO
2024-09Fortive announces plan to spin off Precision Technologies into Ralliant
2020Fortive spins off Vontier Corporation (transportation/franchise businesses)
2018Fortive spins off automation units to Altra Industrial Motion
2016-07-02Fortive spun off from Danaher Corporation, lists on NYSE as FTV

Revision history

24 July 2026

First assessed. Hard to displace. The text above is fixed as of this date and is not edited afterwards.

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