Snapshot
Baxter International Inc reported $2.70B of revenue in Q1 2026, up 2.9% year over year, with diluted EPS of $-0.03 and an operating margin of 2.4%.
- Revenue
- $2.70B
- YoY growth
- +2.9%
- Diluted EPS
- $-0.03
- Operating margin
- 2.4%
$2.70B
Revenue
+2.9%
YoY growth
$-0.03
Diluted EPS
2.4%
Operating margin
01 Key takeaways
What management said
- •Today, we'll discuss Baxter's first quarter results along with our financial outlook for the full year 2026.
- •This morning, a press release was issued with our preliminary earnings results and reiterated outlook.
- •During the call, we will be making forward-looking statements, including comments regarding our reiterated financial outlook for the full year 2026, and the anticipated drivers of the second quarter and second half 2026 performance.
- •On the call, we will reference organic growth, which excludes the impact of foreign exchange, MSA revenues from Vantive, and impacts associated with business acquisitions or divestitures.
- •For the first quarter, financial results were in line with our overall expectations, and we are on track to deliver on our guidance for the full year.
- •First quarter global sales from continuing operations totaled $2.7 billion, representing an increase of 3% year-over-year on a reported basis, and a decline of 1% on an organic basis.
- •Adjusted earnings from continuing operations for the quarter were $0.36 per diluted share versus $0.55 in the prior year period.
- •In the first quarter of 2025, we saw a one-time distributor build following Hurricane Helene, which benefited the MPT segment.
- •In the quarter, we saw the expected headwinds from both tariffs and higher manufacturing costs, including absorption pressure operating margin.
- •While we did not see material impact from Novum LVP related returns in the quarter, we believe it's prudent to continue to factor this possibility into our full year guidance.
- •We continue to work diligently to finalize hardware and software corrections to resolve the active field actions.
- •Looking at the overall demand environment, we continue to believe we are in attractive end markets.
SourcesCompany financials · earnings call
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