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IDEX Corporation
IEX - NYSE - $216.92 (as of ) ▲ +0.95%
-
Earnings Wed 29 Jul
Note: this preview was published before the 2026-07-29 earnings report. Results have since been released — verify against the latest filings.

IDEX Corporation (IEX) Q2 FY26 earnings preview — archived, published May 9, 2026

The median of 8 price targets is $250[FMP target], stock is $217, +15.2% vs the analyst consensus median. Q1 FY26 EPS $2.00 vs $1.78 estimate: beat (+12.4%)[FMP earnings]. Stock move on D+1: +0.2%.

↓ summary below
Quick Take - in 40 seconds ·
B+
Council 3/6 - Historical V1 score 47

B+ — FMP rating [FMP ratings]. Form 4: unavailable[FMP Form 4].

Quick Answer

IDEX Corporation (IEX) Q2 consensus: revenue $903.3M[FMP est], EPS $2.12[FMP est]. 8 consecutive quarters of beat[FMP earnings].

$2.12 EPS Estimate Last year $2.07 - +2% YoY
8 Beat Streak Expectations beaten consecutively for the last 8 quarters

Q1 FY26 EPS $2.00 vs $1.78 estimate: beat (+12.4%)[FMP]. Stock move on D+1: +0.2%[FMP D+1].

Watchlist

5 metrics stand out this quarter.

3% Expectation / Guide

Full Year Organic Growth Guidance

full_year_organic_growth_guidance

For the full year 2026, we now expect organic growth in the 3% to 4% range, an increase over our original 1% to 2% organic growth guidance coming into the year.

"For the full year 2026, we now expect organic growth in the 3% to 4% range, an increase over our original 1% to 2% organic growth guidance coming into the year."

- Sean Gillen, Chief Financial Officer - Q1 FY26 Earnings Call - April 29, 2026
17% Investor Focus

Hst Order Growth Q1

hst_order_growth_q1

In HST, organic orders increased 17% and revenue grew 11% organically.

"In HST, organic orders increased 17% and revenue grew 11% organically."

- Sean Gillen, Chief Financial Officer - Q1 FY26 Earnings Call - April 29, 2026
9% Investor Focus

Fmt Order Growth

fmt_order_growth

Orders in the Fluid & Metering Technologies (FMT) segment grew 9% organically year-over-year, driven by strong order activity in our water platform and our pumps businesses.

"Finally, orders in our Fluid & Metering Technologies, or FMT segment, grew 9% organic year-over-year. This was driven by strong order activity in our water platform and our pumps businesses."

- Eric Ashleman, President and Chief Executive Officer - Q1 FY26 Earnings Call - April 29, 2026
2026 Expectation / Guide

Fy26 Guidance Increase

fy26_guidance_increase

IDEX is raising its full year 2026 financial outlook, taking into account Q1 performance and backlog build.

"Taking our Q1 performance and backlog build into account, we are raising our full year 2026 financial outlook."

- Eric Ashleman, President and Chief Executive Officer - Q1 FY26 Earnings Call - April 29, 2026
2026 Investor Focus

Share Repurchase Commitment

share_repurchase_commitment

IDEX plans on maintaining the share repurchase level per quarter through the rest of 2026.

"We plan on maintaining the share repurchase level per quarter through the rest of 2026."

- Sean Gillen, Chief Financial Officer - Q1 FY26 Earnings Call - April 29, 2026

Stock Expert AI - Methodology

Do our scoring pillars, 6 perspectives, and Munger lens point in the same direction?

Council Score 3 / 6 Bullish

6 investor frameworks. 3 bullish (Ray Dalio, Ken Griffin, Buffett), 0 bearish (none), 3 neutral (Jim Simons, Klarman, Munger).

How is it calculated? ->
Ray Dalio macro - target upside +15.2%
Ken Griffin flow - 50d MA above
Jim Simons quant - RSI 64
Klarman value - target upside +15.2%
Buffett quality - ROE score 4/5
Munger valuation - target upside +15.2%
Munger's Mindset character & balance sheet lens
Fairly Valued

Quality business, trading at fair value.

How is it calculated? ->
Financial HealthModerate
Margin of SafetyModerate
Interest CoverageAdequate
ROIC vs WACCHealthy
Technical Levels - Pre-earnings positioning

What levels is the stock being tested at?

RSI(14)
63.7 RSI 63.7 positive momentum, 50d above
MACD
+8.30 price above 50d - support positive
50d MA
$200 stock 8.3% above - short-term support
200d MA
$182 stock 19.1% above - long-term support
Volume (10d)
-28% decrease - low participation
Resistance
$250
Analyst median target - upgrade trigger if broken
Current
$217
Pre-earnings position
Support
$155
Invalidation - close below this is a technical breakdown
Pattern
Range
$155-$250 band - earnings breakout/breakdown trigger

Past Performance

4 quarters shown.

BEAT
Q2 FY25
$2.07 vs $2.00 est · Next-day price move: -0.5%
BEAT
Q3 FY25
$2.03 vs $1.93 est · Next-day price move: -1.8%
BEAT
Q4 FY25
$2.10 vs $2.04 est · Next-day price move: +0.3%
BEAT
Q1 FY26
$2.00 vs $1.78 est · Next-day price move: +0.2%

Q1 FY26 (April 29, 2026) EPS $2.00 vs $1.78 estimate: beat (+12.4%)[FMP]. Stock move on D+1: +0.2%[FMP D+1].

Three scenarios: what could happen?

EPS < $2.06 (no guidance)

Q1 FY26 EPS $2.00 vs $1.78 estimate: beat (+12.4%)[FMP]. Stock move on D+1: +0.2%[FMP].

Backlog concentration

No RPO/backlog concentration disclosed in Q1 earnings call.

CapEx shock

Q1 CapEx $17.7M[FMP cashflow]. Q1 op margin 19.4%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.

Framework - Position discipline

After the data arrives: 3 scenarios, 3 windows

Not advice - a structural framework for earnings night. Decision discipline is yours.

Scenario A - Beat
Q2 EPS > $2.12 + CapEx discipline
Threshold: EPS > $2.12[FMP est].
Target: Break above median target $250[FMP target]; high target $257[FMP] upper bound.
Scenario B - In-Line
EPS approx $2.12 + CapEx < $17.7M
Threshold: EPS approx $2.12[FMP est], Q4 CapEx < $17.7M[FMP].
Target: Consolidation in the band between current $217[FMP] and median $250[FMP].
Scenario C - Miss
EPS < $2.06 or CapEx >= $17.7M
Threshold: EPS < $2.06[FMP estx0.97].
Current price $217 — above SMA200 $182 [FMP].

Market Outlook

What do analysts say? 8 price targets · 16 ratings

Wall Street Consensus
$250
12-month median target price (+15.2% gap to the analyst consensus median)
9
BUY
7
HOLD
0
SELL
Risk Management
$155
Invalidation level - critical support threshold
$200 - 50-day MA (above, +8.3%)
$182 - 200-day MA (above, +19.1%)
IV Crush risk (sudden drop in inflated option premiums before earnings): Option premiums are inflated before earnings.
Verdict - IEX Q2 FY26
B+

You read it in 5 minutes. When the numbers come out on Wednesday evening - you know what you're looking at.

Data arrives at night. The framework is ready now.

Data arrives on Wednesday evening. The framework is ready on this page: Q2 EPS threshold $2.12[FMP], CapEx threshold "below $17.7M". Two anchors, three scenarios.

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Stock Expert AI is free today — no credit card. Council 7-lens analysis + MoonshotScore multi-pillar + Insider tracker + Technical levels - all in one platform, for every stock.

Educational tool, not investment advice. Past performance does not guarantee future results.

Calendar

Catalyst Calendar - 90-day forward look

Jul 29, 2026EARNINGSQ2 FY26 results (after market close) + earnings call
Jul 30, 2026PRICEFirst trading day after earnings - 200dMA test + IV crush
Aug 9, 2026 – Aug 14, 2026FILING10-Q due within 40–45 days of quarter end (by Aug 9, 2026 – Aug 14, 2026); the exact deadline depends on filer status
~Oct 29, 2026EARNINGSQ3 FY26 (next quarter, date not yet scheduled in FMP)

DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.

Frequently Asked Questions

What does the IEX Q2 FY26 earnings preview cover?

This IDEX Corporation (IEX) Q2 FY26 earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.

What should investors watch for in IEX Q2 FY26 earnings?

IDEX Corporation (IEX): Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.

Where do the numbers on this page come from?

IDEX Corporation (IEX): Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.

Is this a buy or sell recommendation?

IDEX Corporation (IEX): No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.

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