GE HealthCare slides to one-year low after Q1 profit miss, forecast cut

GE HealthCare Technologies

29/04/2026 15:55

Updates

** Shares of medical device maker GE Healthcare GEHC.O fall 13% to $59.41 in morning trading

 ** Shares touched their lowest level in over a year

** Co cuts annual adjusted profit forecast to $4.80–$5.00 vs average of analysts' estimates of $5.07 – data compiled by LSEG

** Co reports Q1 2026 adjusted profit of 99 cents per share vs analysts' average estimate of $1.05

** Q1 revenue rises 7.4% to $5.13 bln vs estimate of $5.04 bln

** Co says Q1 margins were hit by a supplier issue and higher costs, including memory chips, oil and freight

** Including session's move, stock down ~27% YTD

(Reporting by Sahil Pandey in Bengaluru)

((Sahil.Pandey@thomsonreuters.com))