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Stryker SYK Instruments — Net Sales

Other product segments

Trauma and Extremities
$1.04B+9.5%
Medical
$902M-4.6%
Endoscopy
$868M+0.1%
Knees
$670M+4.9%
Ortho Tech
$646M—
Vascular
$517M+27.3%
Hips
$460M+3.8%
Spine
$8M-95.7%

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Other financials

Income statement

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Revenue$6.6B+9.4%
Gross profit$4.5B+17.1%
Operating income$1.7B+49.1%
Net income$1.3B+44.3%
EPS (diluted)$3.30+44.1%

Balance sheet

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Cash & equivalents$3.4B+42.8%
Total debt$14.2B-15.2%
Total assets$47.9B+3.5%

Cash flow

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Operating cash flow$1.3B+13.5%
CapEx$202.0M+10.4%
Free cash flow$1.1B+14.1%

Valuation

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Market cap$124.86B-14.4%
Enterprise value$135.66B-15.3%
P/E33.5×-16.5×
P/S4.8×-1.3×

Profitability

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Gross margin65%+0.8pp
Operating margin21.4%+6.2pp
Net margin14.4%+2.2pp
FCF margin18.2%+1.3pp

Returns & leverage

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Return on equity32.8%—
Debt / equity0.8×—
Current ratio2.2×+0.4×

Where this comes from

Reported directly by Stryker in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Stryker’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 11:10 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000310764-26-000031
Net Sales by BusinessThree Months / 2026Three Months / 2025
MedSurg and Neurotechnology:
Instruments$920$838
Endoscopy868867
Medical902945
Vascular517406
$3,207$3,056
Orthopaedics:
Knees$670$639

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Stryker's instruments — net sales?
Stryker (SYK) reported instruments — net sales of $920M in Q1 2026.
How has Stryker's instruments — net sales changed year-over-year?
Stryker's instruments — net sales increased by 9.8% year-over-year, from $838M to $920M.
What is the long-term trend for Stryker's instruments — net sales?
Over 4 years (2021 to 2025), Stryker's instruments — net sales has grown at a 11.7% compound annual growth rate (CAGR), from $2.11B to $3.29B.
What does instruments — net sales mean?
This metric represents the total revenue generated from the sale of surgical instruments and related operating room equipment. It encompasses the core hardware and specialized tools used by surgeons and hospital staff during medical procedures. This segment is a critical driver of the company's market position in the surgical environment and reflects the adoption rate of its procedural technology.

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