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Thermo Fisher Scientific TMO Q2 2026 earnings

Reported July 23, 2026 · Before market open

Revenue$12.0BBeat by $288.0M
EPS$4.68Miss by $1.04
Revenue estimate$11.7B
EPS estimate$5.72
“Our end markets continue to strengthen and we're making great progress enhancing our capabilities, and further advancing our trusted partner status with customers, leading to continued share gain.”
Marc N. Casper

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Oct 21, 2026 (In 2 weeks)
Revenue estimate$12.0B
EPS estimate$6.41

Financials

Q2 2026

Income statement

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Revenue$12.0B—
Operating income$2.1B—
Net income$1.7B+7.4%
EPS (diluted)$4.68+9.3%

Balance sheet

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Cash & equivalents$4.1B-11.7%
Total debt$39.2B+4.6%
Total equity$52.7B+4.3%
Total assets$113.17B+11.8%

Cash flow

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Operating cash flow$2.1B+51.9%
CapEx-$1.2B-509%
Free cash flow$923.0M-16.5%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$241.26B+21.7%
Enterprise value$276.38B+17.2%
P/E34.6×+4.5×
P/S5.4×—

Returns & leverage

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Return on equity13.5%+0.1pp
Debt / equity0.7×0.0×
Current ratio1.6×-0.4×

Segments

By segment

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Laboratory Products and Biopharma Services$6.7B+11.6%
Life Sciences Solutions$2.8B+12.6%
Analytical Instruments$1.8B+6.9%
Specialty Diagnostics$1.2B+6.3%

FAQ

When did Thermo Fisher Scientific report Q2 2026 earnings?
Thermo Fisher Scientific (TMO) reported Q2 2026 earnings on July 23, 2026 before market open.
What were Thermo Fisher Scientific's Q2 2026 revenue and EPS?
Thermo Fisher Scientific reported revenue of $12.0B and eps of $4.68 for Q2 2026.
Did Thermo Fisher Scientific beat estimates in Q2 2026?
Revenue beat the consensus estimate of $11.7B by $288.0M. EPS missed the consensus estimate of $5.72 by $1.04.
How did Thermo Fisher Scientific's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.5% from $10.9B a year earlier and eps declined 12.7% from $5.36.
Where can I find Thermo Fisher Scientific's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000097745-26-000138) and the 10-Q periodic report (0000097745-26-000144) directly on SEC EDGAR. The filing index links above go to sec.gov.