Stryker Q2 FY26 earnings

Revenue $6.59B, up 9.4% on a year earlier. MedSurg net sales $3.62B, down 3.9%. Orthopaedics net sales $2.96B, up 31.5%. Diluted EPS $3.30 against $2.29.

The results

Q2 FY26Q1 FY26Q2 FY25Year over year
Revenue$6.59B$6.02B$6.02B+9.4%
Operating income$1.66B$936.00M$1.11B+49.1%
Net income$1.28B$745.00M$884.00M+44.3%
Diluted EPS$3.30$1.93$2.29
Operating cash flow$1.26B$581.00M$1.11B+13.5%
Capital expenditures-$202.00M-$166.00M-$183.00M
Free cash flow$1.06B$415.00M$928.00M+14.1%
Dividend per share$0.88$0.88$0.84

KPIs this quarter

Q2 FY26Q2 FY25Year over year
MedSurg net sales$3.62B$3.77B-3.9%
Orthopaedics net sales$2.96B$2.25B+31.5%
Reported net sales growth9.4%11.07%
Constant Currency Net Sales Growth9%10.3%
Hips net sales$479.00M$466.00M+2.8%
Knees net sales$693.00M$640.00M+8.3%
Organic net sales growth9%10.2%
MedSurg and Neurotechnology organic net sales growth9.2%11%

Sources

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Stock Atlas, “Stryker (SYK) Q2 FY26 earnings: results and KPIs”, stockatlas.com/companies/SYK/earnings/2026-q2/, data as of 3 November 2026. Links to this page are welcome.