What does analytical instruments — cost of revenues mean?

The direct costs associated with producing and delivering the scientific instruments sold by the segment, including raw materials, manufacturing labor, and overhead. This metric is critical for calculating the segment's gross margin.

Thermo Fisher Scientific (TMO) Analytical Instruments — Cost of revenues

Screener

Other segment segments

Laboratory Products and Biopharma Services

$4.76B+7.9%

Life Sciences Solutions

$1B+17.4%

Specialty Diagnostics

$657M-3.2%

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Other financials

Income statement

See full

Revenue$12.0B—

Operating income$2.1B—

Net income$1.7B+7.4%

EPS (diluted)$4.68+9.3%

Balance sheet

See full

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

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Market cap$213.42B+21.1%

Enterprise value$248.54B+18.9%

P/E30.6×+3.9×

P/S4.8×-0.9×

Profitability

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Gross margin58.3%—

Operating margin17.2%+0.8pp

Net margin15.2%+1.0pp

FCF margin15.7%-2.1pp

Returns & leverage

See full

Return on equity13.5%+0.1pp

Debt / equity0.7×0.0×

Current ratio1.6×-0.4×

Where this comes from

Reported directly by Thermo Fisher Scientific in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The source filing: Thermo Fisher Scientific’s 10-Q, filed May 1, 2026.

Filed: May 1, 2026, 11:00 AM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0000097745-26-000092

(In millions)	Life Sciences Solutions	Analytical Instruments	Specialty Diagnostics	Laboratory Products and Biopharma Services	Total
Elimination of intersegment revenues					(524)
Consolidated revenues					$11,005
Segment Income
Cost of revenues	1,004	876	657	4,757
Selling, general, and administrative expenses	496	313	177	597
Research and development expenses	131	139	44	15
Other segment items	50	34	(49)	(110)
Segment income	954	355	313	778	2,399

Item 1. Financial Statements (Unaudited)

FAQ

What is Thermo Fisher Scientific's analytical instruments — cost of revenues?: Thermo Fisher Scientific (TMO) reported analytical instruments — cost of revenues of $876M in Q1 2026.
How has Thermo Fisher Scientific's analytical instruments — cost of revenues changed year-over-year?: Thermo Fisher Scientific's analytical instruments — cost of revenues increased by 4.9% year-over-year, from $835M to $876M.
What does analytical instruments — cost of revenues mean?: The direct costs associated with producing and delivering the scientific instruments sold by the segment, including raw materials, manufacturing labor, and overhead. This metric is critical for calculating the segment's gross margin.