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Abbott ABT Medical Devices — R&D

Other segment segments

Diagnostic Products
$268M+74.0%
Nutritional Products
$54M0.0%
Established Pharmaceuticals
$48M+11.6%

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INSMARIKAYCE external R&D expenses — R&D
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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$186.81B-18.0%
Enterprise value$214.32B-8.6%
P/E34.4×+18.1×
P/S-1.3×

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:ResearchAndDevelopmentExpense.

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 — R&D?
Abbott (ABT) reported medical devices — R&D of $470M in Q2 2026.
How has Abbott's medical devices — R&D changed year-over-year?
Abbott's medical devices — R&D increased by 9.3% year-over-year, from $430M to $470M.
What is the long-term trend for Abbott's medical devices — R&D?
Over 3 years (2022 to 2025), Abbott's medical devices — R&D has grown at a 9.7% compound annual growth rate (CAGR), from $1.33B to $1.75B.
What does medical devices — R&D mean?
Represents the expenses incurred to discover, develop, and improve medical device products and technologies. This investment is critical for maintaining a competitive edge and driving long-term growth through innovation. It encompasses clinical trials, engineering, and regulatory approval costs.

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