Solventum raises 2026 adjusted EPS guidance to $7.20-$7.30
SOLV•Solventum raised its fiscal 2026 adjusted earnings guidance to $7.20-$7.30 per share from $7.10-$7.20. It expects organic sales growth toward the high end of 2.5%-3%, operating margin toward the high end of 22.2%-22.7%, and free cash flow of $200 million-$300 million.
1. Updated 2026 outlook
Solventum raised its fiscal 2026 adjusted earnings guidance to $7.20-$7.30 per share from $7.10-$7.20. Organic sales growth is expected toward the high end of 2.5%-3%, or 3.5%-4% excluding stock-keeping unit reductions, while operating margin is forecast toward the high end of 22.2%-22.7%.
2. Tariff refunds and cash flow
The margin outlook includes a 120-basis-point benefit from tariff refunds. The earnings outlook includes $0.48 per share from a second-quarter tariff refund, and refunds are expected to offset full-year tariff costs. Free cash flow is projected at $200 million-$300 million.
