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Abbott ABT Medical Devices — Operating Earnings

Other segment segments

Diagnostic Products
$499M+34.1%
Established Pharmaceuticals
$382M+10.4%
Nutritional Products
$368M-12.0%

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Other financials

Income statement

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Revenue$12.6B+13.0%
Gross profit$7.3B+15.6%
Operating income$1.7B-17.5%
Net income$928.0M-47.8%
EPS (diluted)$0.53-47.5%

Balance sheet

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Cash & equivalents$5.1B-26.6%
Total debt$32.6B+143%
Total equity$51.1B+1.1%
Total assets$109.22B+30.0%

Cash flow

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Operating cash flow$2.5B+21.5%
CapEx$497.0M-1.0%
Free cash flow$2.0B+28.9%

Valuation

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Market cap$182.92B-19.7%
Enterprise value$210.42B-10.2%
P/E33.7×+17.4×
P/S3.9×-1.4×

Profitability

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Gross margin56.6%+0.6pp
Operating margin15.8%-1.7pp
Net margin11.6%-20.8pp
FCF margin16.8%+1.1pp

Returns & leverage

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Return on equity10.7%-20.4pp
Debt / equity0.6×+0.4×
Current ratio1.4×-0.4×

Where this comes from

Reported directly by Abbott in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Abbott’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050134
(in millions)Net Sales to External Customers / Three Months Ended June 30, 2026Net Sales to External Customers / Three Months Ended June 30, 2025Cost of Products Sold / Three Months Ended June 30, 2026Cost of Products Sold / Three Months Ended June 30, 2025Research and Development / Three Months Ended June 30, 2026Research and Development / Three Months Ended June 30, 2025Selling, General, and Administrative / Three Months Ended June 30, 2026Selling, General, and Administrative / Three Months Ended June 30, 2025Operating Earnings / Three Months Ended June 30, 2026Operating Earnings / Three Months Ended June 30, 2025
Established Pharmaceuticals$1,499$1,383$(650)$(631)$(48)$(43)$(419)$(363)$382$346
Nutritional Products2,1442,212(1,148)(1,155)(54)(54)(574)(585)368418
Diagnostic Products3,0922,173(1,532)(1,224)(268)(154)(793)(423)499372
Medical Devices5,8535,369(1,925)(1,758)(470)(430)(1,489)(1,385)1,9691,796
Total$12,588$11,137$(5,255)$(4,768)$(840)$(681)$(3,275)$(2,756)$3,218$2,932
Other55
Net sales$12,593$11,142
Corporate functions and plan benefit costs(45)(65)

Item 1. Financial Statements and Supplementary Data

FAQ

What is Abbott's medical devices — operating earnings?
Abbott (ABT) reported medical devices — operating earnings of $1.97B in Q2 2026.
How has Abbott's medical devices — operating earnings changed year-over-year?
Abbott's medical devices — operating earnings increased by 9.6% year-over-year, from $1.8B to $1.97B.
What is the long-term trend for Abbott's medical devices — operating earnings?
Over 4 years (2021 to 2025), Abbott's medical devices — operating earnings has grown at a 12.4% compound annual growth rate (CAGR), from $4.51B to $7.21B.
What does medical devices — operating earnings mean?
Represents the profit generated by the medical devices segment after deducting operating expenses from net sales. It serves as the primary measure of the segment's core operational profitability and performance. This metric excludes interest, taxes, and corporate-level allocations.

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