BAXTER INTERNATIONAL INC is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: BAX posted Q1 FY2026 revenue of $2.70B (+2.9% YoY) with improving operating income, but swung to a net loss of -$15M versus net income of $126M a year ago, driven by below-the-line charges that masked otherwise steady operational progress.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue rose 2.9% YoY to $2.70B in Q1 FY2026 from $2.63B in Q1 FY2025, indicating continued top-line momentum despite a challenging macro environment. Gross profit grew 3.5% to $891M, slightly outpacing revenue growth.
Operating income increased 13.8% YoY to $66M from $58M, with operating margin expanding modestly to 2.44% from 2.21%. This suggests the company is making incremental progress on cost discipline even as SG&A rose 3.6% to $728M.
Despite positive operating income, BAX reported a net loss of -$15M in Q1 FY2026 compared to net income of $126M in Q1 FY2025, a swing of approximately $141M. This sharp reversal implies significant non-operating charges such as interest expense, restructuring, or tax items that are not captured in operating income.
Revenue
$2.7B
++2.90% YoY
EPS (Basic)
$-0.03
-112.00% YoY
Gross Margin
33.0%
++0.19% YoY
Operating Income
$66M
++13.79% YoY
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