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SYK · Q2 2026

STRYKER CORP

Reported 2026-07-30
IN-LINE
43EarnIQ signal
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Confidence rising

Mild quarter-over-quarter shift

Stryker has recovered well from its recent cyber incident, posting strong operational growth and narrowing full-year guidance.

  • ✓Guidance was narrowed, with high specificity.
  • ✓Management tone registered as confident (85/100).
  • ✓EarnIQ detected 0 potential management deflections.
Headline–confidence gap

Mixed evidence

The headline and management signals do not point in one direction (confidence rising).

EPS: reported vs expected+4.7%$3.69 vs $3.52
Revenue: reported vs expected-0.8%$6.6B vs $6.6B
Guidance specificityHighChange not comparable
Market expectations supplied by Finnhub · Reported vs consensus estimate

We made significant progress in our recovery from the cyber incident, delivering strong growth in sales, earnings per share and operating cash flow in the second quarter.

Premium intelligence

The evidence behind the signal

Full report
Management language

Why confidence moved

“We made significant progress in our recovery from the cyber incident, delivering strong growth in sales, earnings per share and operating cash flow in the second quarter”
“As we have seen in the past, the resilience of our teams when faced with challenges was once again on display.”
“With our steady cadence of innovation and disciplined operational execution, we enter the second half of 2026 with regained momentum and remain confident in our ability to grow at the high end of MedTech.”
Guidance specificity
90/100

High specificity

Management narrowed full year 2026 organic net sales growth guidance to 8.3% to 9.3% and adjusted net earnings per diluted share to $14.95 to $15.10.

Pressure point
!

Cybersecurity incident impacts and potential

0 potential deflections detected in management communication.

Narrative break

What changed

No material narrative break was detected this quarter.

Q&A evidence

Management responses

No material Q&A deflections were detected.

Key positives
  • Reported net sales increased 9.4% to $6.6 billion, with organic net sales up 9.0%.
  • Adjusted operating income margin increased 170 bps to 27.4%.
  • Reported EPS increased 44.1% to $3.30 and adjusted EPS increased 17.9% to $3.69.
Key risks
  • Cybersecurity incident impacts and potential future breaches, failures, or disruptions of information technology systems.
  • Geopolitical risks, including tariffs, trade policy changes, and international conflicts leading to market volatility.
  • Pricing pressures and cost-containment measures affecting the price of or demand for products.
Topic velocity

Language versus prior quarter

M&ANew
CostNew
ChinaNew
MarginNew
RecordNew
iPhoneNew
Signal composition

What drove the EarnIQ score

Tone+20
Eps Beat+0
Guidance+15
New Signal+0
Miss Penalty+0
Qoq Improvement+8
Deflection Penalty+0