Core Sales Growth of 3.0% Driven by Life Sciences
Total Q2 FY2026 revenue growth of 5.5% (GAAP) broke down into 3.0% core sales growth, 1.5% from acquisitions, and 1.0% from favorable currency. Core sales growth was led by the Life Sciences segment, with lesser contributions from Biotechnology and Diagnostics; core sales excluding respiratory testing rose 4.5%.
Masimo Acquisition Closed for ~$9.8 Billion
On June 10, 2026, Danaher acquired Masimo (2025 revenue ~$1.5B) for approximately $9.8 billion, or $180.00 per share net of cash acquired, financed with cash on hand plus new long-term debt and commercial paper; the deal is now part of the Diagnostics segment and preliminarily added ~$5.0B of goodwill.
Operating Margin Expansion Largely Due to Prior-Year Impairment Comparison
Operating profit margin rose 520 basis points YoY to 18.0% in Q2 FY2026, primarily because Q2 FY2025 included a 730-bps impact from a Life Sciences trade-name impairment charge, partially offset by 175 bps of unfavorable Masimo-related fair value/transaction costs and 30 bps of dilutive effect from acquired businesses.