Smith & Nephew H1 FY26 trading profit rises 8.1% to $566 million

SNN•2026-08-04

Revenue growth slows in Q2

Underlying revenue growth was 1.6% in Q2, with softness in U.S. Orthopaedics and Advanced Wound Bioactives.

H1 trading profit and EPS rise

Smith & Nephew H1 trading profit rose 8.1% to $566 million.

Adjusted EPS climbed 11.0% to 47.7.

Full-year outlook cut but profit guidance maintained

The company cut its full-year revenue outlook, now expecting about 4.0% growth, while maintaining guidance for trading profit, free cash flow and ROIC.

It also added $50 million of 2026 savings to offset lower revenue growth, and H1 trading cash conversion fell to 77%.

Sources

Smith & Nephew H1 FY26 trading profit rises 8.1% to $566 million

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Smith & Nephew H1 FY26 trading profit rises 8.1% to $566 million

Revenue growth slows in Q2

H1 trading profit and EPS rise

Full-year outlook cut but profit guidance maintained

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Sources

Smith & Nephew H1 FY26 trading profit rises 8.1% to $566 million

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