Stryker (SYK) Q3 2026 Earnings Review: Weaker sales growth forces an outlook cut
Earnings results
- EPS miss
Actual: $3.52 adjusted · Cons.: $3.55
- Revenue miss
Actual: $6.52B · Cons.: $6.62B
- Guidance lowered
2026 adjusted EPS $14.80–14.90 vs. $14.95–15.10.

What the company reported
Stryker cut its annual growth and profit outlook after third-quarter results fell short, making a fourth-quarter recovery the key test for investors. The issuer lowered both organic sales growth and adjusted earnings guidance despite improved adjusted margins.
Q3 2026 earnings recap
Stryker cut its annual growth and profit outlook after third-quarter results fell short, making a fourth-quarter recovery the key test for investors.
- Adjusted profit per share rose 10.3% to $3.52 but missed the $3.55 forecast, while revenue of $6.52 billion missed the $6.62 billion forecast.
- Full-year sales growth excluding currency and acquisitions is now expected at 6.5–7.0%, down from 8.3–9.3%, with adjusted profit per share cut to $14.8–14.90.
- The adjusted operating margin improved to 26.2%, but higher impairment charges helped push reported profit per share down 11.7% to $1.96.
- MedSurg and Neurotechnology sales grew 9.2%, outpacing Orthopaedics at 5.7%, leaving surgical-device demand central to the recovery.
- Nine-month operating cash flow reached $3.3 billion, supporting $1 billion of quarterly buybacks and a new $3 billion repurchase authorization increase.
- After-close selling reversed the pre-earnings rally above $309 putting the October support area around $275–279 back in focus.
The next test is whether fourth-quarter demand meets the lowered outlook, while pricing pressure, operating disruptions and acquisition costs remain risks.
Financials, technicals and earnings
Charts through Oct 29, 2026.
Technical setup and risks
The regular-session breakout preceded results; after-close selling reversed it, so watch the next regular close against October support and the reduced outlook.
AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.