Stryker Corporation (SYK)
NYSE:SYK
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.48Last Year’s EPS
3.13Same Quarter Last Year
Strong Buy
Based on 23 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call mixed a significant near-term operational setback—the late-quarter cyber incident that materially distorted Q1 results, pressured margins and reduced EPS—with several strong positives: rapid operational recovery, record Mako installations and robust robotic momentum, continued healthy underlying demand, strategic reorganization (Ortho Tech), active M&A (AVS) and maintained full-year guidance (organic sales growth 8.0%–9.5%, adjusted EPS $14.90–$15.10). Management expects most lost Q1 sales to be realized through the rest of the year, with catch-up skewed to the back half, and emphasized customer/employee support and successful recovery efforts.Company Guidance
Organic Sales Growth Despite Disruption
Q1 organic net sales growth of 2.4% worldwide, with 1.9% growth in the U.S. and 3.9% internationally. Management emphasized underlying demand remained healthy across businesses despite the cyber incident.
Full-Year Guidance Reaffirmed
Company maintained full-year 2026 guidance: expected organic net sales growth of 8.0%–9.5% and adjusted net EPS of $14.90–$15.10, reflecting confidence that most lost Q1 sales will be realized over the remainder of the year.
Rapid Operational Recovery from Cyber Incident
As of the week of April 1, global manufacturing network was fully operational. Management reported successful removal of unauthorized party, restoration from backups, and prioritized patient care during recovery.
Record Mako Installations and Strong Robotic Momentum
Delivered best-ever Q1 for Mako installations in the U.S. and internationally with rising utilization rates. Mako Shoulder feedback positive and full launch on Mako 4 expected mid-year. New RPS handheld receiving strong early customer feedback.
Strategic Reorganization and Product Integration
Established new Ortho Tech business by combining Mako and Enabling Technologies with Orthopaedic Instruments to simplify customer experience, accelerate innovation and speed to market; segment disclosures updated accordingly.
M&A Activity and Pipeline
Announced agreement to acquire Amplitude Vascular Systems (expected to close in Q2) to expand peripheral vascular/cardiovascular offerings; management signaled active M&A pipeline and capacity to deploy capital (gross debt/EBITDA ~2.1x at quarter end).
Key Product Approvals and International Rollouts
Pangea received approval in Europe (and Japan earlier), LIFEPAK approvals in Europe; management expects Pangea and LIFEPAK to drive above-market growth internationally as production ramps.
Financial and Tax Positioning
Q1 adjusted effective tax rate was 14.5%; full-year 2026 effective tax rate expected 15%–16%. YTD cash from operations of $581M; company expects free cash flow conversion in the ~70%–80% range and maintained adjusted other income & expense full-year expectation of ~$420M.
Smart Hospital Launch
Launched Smart Hospital by combining Vocera and care.ai into SmartCare unit to provide integrated solutions (positive early customer feedback reported).
SYK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SYK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $315.13 | $294.73 | -6.47% |
Jan 29, 2026 | $353.34 | $368.56 | +4.31% |
Oct 30, 2025 | $367.07 | $354.39 | -3.45% |
Jul 31, 2025 | $389.81 | $374.98 | -3.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Stryker Corporation (SYK) report earnings?
Stryker Corporation (SYK) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Stryker Corporation (SYK) earnings time?
Stryker Corporation (SYK) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SYK EPS forecast?
SYK EPS forecast for the fiscal quarter 2026 (Q2) is 3.48.