Baxter Q4 revenue beats analyst expectations on advanced surgery demand

Baxter International

12/02/2026 12:22

Overview

Global medtech leader's Q4 revenue rose 8%, beating analyst expectations

Adjusted EPS for Q4 missed analyst expectations

Company advances ongoing board of directors refreshment

Outlook

Company expects full-year 2026 adjusted EPS between $1.85 and $2.05

Baxter projects flat to 1% reported sales growth for 2026

Company forecasts organic sales growth to be approximately flat in 2026

Result Drivers

IV SOLUTIONS - Increased sales in Infusion Therapies & Technologies driven by strength in IV solutions

ADVANCED SURGERY DEMAND - Strong global demand for Advanced Surgery products contributed positively to performance

PRODUCT MIX IMPACT - Adjusted EPS decreased due to unfavorable product mix and non-recurring items

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$2.97 bln
$2.82 bln (13 Analysts)
Q4 Adjusted EPS
Miss
$0.36
$0.54 (14 Analysts)
Q4 Net Income
-$1.13 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 14 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy."

Wall Street's median 12-month price target for Baxter International Inc is $21.50, about 3.5% below its February 11 closing price of $22.27

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw45mw77a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)