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Stryker Corporation (SYK)
NYSE:SYK
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3Last Year’s EPS
2.84Same Quarter Last Year
Strong Buy
Based on 21 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized broad-based revenue and earnings strength, record robotics momentum (Mako 4 and installed base >3,000), strong cash generation, and continued margin expansion, while also acknowledging manageable near-term headwinds including tariffs (~$400M in 2026), higher interest expense, competitive pressure in parts of vascular, and some regional capital softness. Guidance for 2026 is constructive (8.0%–9.5% organic growth and $14.90–$15.10 adjusted EPS) and management highlighted operational levers and M&A firepower to support growth.Company Guidance
Strong Top-Line Growth
Organic sales growth of 11.0% in Q4 and 10.3% for full-year 2025, with total sales surpassing $25 billion; U.S. full-year organic growth of 11.2% and international organic growth of 7.5%.
Segment Outperformance — MedSurg & Neurotechnology
MedSurg & Neurotechnology delivered exceptional Q4 organic growth of 12.6% (U.S. +13.0%, International +10.9%), driven by instruments, endoscopy, and medical product strength.
Instruments and Endoscopy Momentum
Instruments U.S. organic sales up 19.1% (high-teens growth across orthopedic instruments and Surgical Technologies); Endoscopy U.S. organic sales up 11.1% led by sustainability and sports medicine camera/platform adoption.
Robotics Leadership and Mako 4 Performance
Record quarter of Mako installations; installed base topped >3,000 worldwide. U.S. utilization: over two-thirds of knees and over one-third of hips on Mako; global utilization ~50% knees and >20% hips. New applications and Mako 4 drove strong adoption and utilization gains.
Orthopaedics Growth and New Product Momentum
Orthopaedics organic growth 8.4% (U.S. +9.6%, International +5.4%). Notable: U.S. knees +7.6%, U.S. hips +5.6%, Trauma & Extremities U.S. +8.5%, and U.S. Other ortho +28.7% driven by Mako 4 installations and recent launches (e.g., Triathlon Gold limited launch).
Earnings, Margin Expansion, and Profitability
Q4 adjusted EPS $4.47 (+11.5% YoY) and full-year adjusted EPS $13.63 (+11.8% YoY). Adjusted operating margin expanded to 30.2% (100 basis points improvement YoY); second consecutive year of ≥100 bps adjusted operating margin expansion.
Strong Cash Flow and Balance Sheet
Year-to-date cash from operations of $5.0 billion, up $820 million YoY; free cash flow as % of adjusted net earnings 81% vs 75% prior year (target range 70–80%). Management signals continued M&A firepower from strong financial position.
Constructive 2026 Guidance and Market Outlook
Provided 2026 guidance of organic net sales growth of 8.0%–9.5% and adjusted net EPS of $14.90–$15.10; management expects sustained procedural volumes, healthy hospital CapEx and an elevated capital order book entering 2026.
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 |
|---|---|---|---|
Jan 29, 2026 | $354.30 | $369.56 | +4.31% |
Oct 30, 2025 | $368.98 | $356.24 | -3.45% |
Jul 31, 2025 | $391.84 | $376.93 | -3.81% |
May 01, 2025 | $372.34 | $376.56 | +1.13% |
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 May 06, 2026, After Close (Confirmed).
What is Stryker Corporation (SYK) earnings time?
Stryker Corporation (SYK) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
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 (Q1) is 3.