Solventum Corp Q1 FY26 Results

Summary

Solventum reported its financial results for the first quarter ended March 31, 2026. Sales were $2.0 billion, reflecting a (3.0)% decrease on a reported basis but a 2.1% increase on an organic basis. GAAP diluted earnings per share were $0.07, while adjusted diluted earnings per share increased by 10.6% to $1.48. The company's operating cash flow was $(189) million, and free cash flow was $(273) million. Solventum is affirming its full year 2026 guidance.

Key Highlights

1. 1

   Solventum's sales reached $2.0 billion, a decrease of (3.0)% on a reported basis, but increased by 2.1% on an organic basis for Q1 2026.

2. 2

   GAAP diluted earnings per share stood at $0.07, while adjusted diluted earnings per share increased by 10.6% to $1.48 for the first quarter of 2026.

3. 3

   The company's operating cash flow was $(189) million, and free cash flow was $(273) million for Q1 2026.

4. 4

   Organic sales growth of +2.1% in the quarter reflects strong performance across all reportable segments, primarily driven by volume and product mix.

5. 5

   GAAP and adjusted gross margin both increased by 80 bps due to programmatic savings, portfolio moves, sales leverage and mix, partially offset by tariffs and inflation headwinds.

6. 6

   Solventum affirms full-year 2026 organic sales growth and free cash flow guidance; estimates adjusted EPS will be toward the high end of existing range.