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An update from UL Solutions Inc. Class A ( (ULS) ) is now available.
In the first quarter ended March 31, 2026, UL Solutions Inc., a global applied safety science leader in testing, inspection, certification and risk and compliance software, delivered strong financial results, with revenue up 7.5% to $758 million and organic growth of 5.7% led by the Industrial segment. Net income rose 36.6% to $97 million, adjusted EBITDA climbed 22.4% with margin expanding to 26.0%, and the company generated $219 million in operating cash flow while stepping up capital spending and reducing revolving credit facility borrowings.
Effective from the first quarter of 2026, UL Solutions reorganized its segments by shifting its Advisory business into the Industrial segment, renaming Software and Advisory as Risk & Compliance Software and reallocating corporate costs, a change that did not affect consolidated financials. The company also executed major portfolio actions, including selling its Employee Health and Safety software business, agreeing to buy Eurofins’ electrical and electronics testing business to strengthen capabilities in EMEA and Asia-Pacific, and arranging the sale of its DQS stake, moves that tighten its focus on core TIC and risk and compliance software activities and help fund future growth.
The most recent analyst rating on (ULS) stock is a Buy with a $98.00 price target. To see the full list of analyst forecasts on UL Solutions Inc. Class A stock, see the ULS Stock Forecast page.
Spark’s Take on ULS Stock
According to Spark, TipRanks’ AI Analyst, ULS is a Neutral.
Score is driven by strong operating performance and supportive earnings guidance (growth plus margin expansion), partly offset by cash flow volatility (2025 free cash flow reversal) and a demanding valuation (high P/E with low yield). Technicals are neutral-to-mildly positive and add limited incremental support.
To see Spark’s full report on ULS stock, click here.
More about UL Solutions Inc. Class A
UL Solutions Inc., listed on the NYSE as ULS, is a global leader in applied safety science, providing testing, inspection, certification and risk and compliance software services to industrial and consumer markets worldwide. The company focuses on aligning its portfolio with testing, inspection and certification and risk and compliance software capabilities to capitalize on global megatrends and support long-term shareholder value.
In the first quarter ended March 31, 2026, UL Solutions reported strong financial performance, with revenue rising 7.5% year over year to $758 million and organic revenue up 5.7%, led by the Industrial segment. Net income jumped 36.6% to $97 million, adjusted EBITDA grew 22.4% with a 320-basis-point margin expansion, and the company generated $219 million in operating cash flow while increasing capital expenditures and repaying debt.
The company reorganized its segments effective in the first quarter of 2026, moving its Advisory business into the Industrial segment, renaming Software and Advisory as Risk & Compliance Software and reallocating corporate costs, with no impact on consolidated results. Portfolio moves included the April 1, 2026 sale of its Employee Health and Safety software business for about $202 million, an agreement to acquire Eurofins’ electrical and electronics business for about €575 million to bolster testing capabilities in EMEA and Asia-Pacific and a deal to sell its 28% stake in DQS, all aimed at sharpening strategic focus and funding growth.
Average Trading Volume: 797,616
Technical Sentiment Signal: Buy
Current Market Cap: $18.13B
See more data about ULS stock on TipRanks’ Stock Analysis page.