Earnings recap · TMO
Thermo Fisher Q3 2026 results
What Thermo Fisher reported for Jul to Sep 2026, compared with the same quarter a year earlier, from the press release it filed with the SEC.
Source The press release Thermo Fisher filed with the SEC on Oct 21, 2026 as Exhibit 99.1 to a Form 8-K (Item 2.02). The quarterly report (10-Q), with full financial statements and notes, hadn't been filed when this page was built. This page will say so here when it is.
The headline numbers
Thermo Fisher reported revenue of $12.1B for Q3 2026, compared with $11.1B a year earlier (+9.1%). Net income to Thermo Fisher was $1.7B, compared with $1.6B (+6.5%), and diluted earnings per share were $4.64, compared with $4.27. These are GAAP figures, prepared under the standard accounting rules. How EPS is calculated.
Comparing Q3 2026 (Jul to Sep 2026) with Q3 2025 (Jul to Sep 2025)
Each pair of bars shows both periods. Longer bar, more money. Bars in a group share one scale.
Q3 2026Q3 2025
Revenue and profit (GAAP)
Source: Exhibit 99.1 to Thermo Fisher's 8-K filed Oct 21, 2026
Per share (GAAP)
Source: Exhibit 99.1 to Thermo Fisher's 8-K filed Oct 21, 2026
Cash flow, the first half (GAAP)
Source: Exhibit 99.1 to Thermo Fisher's 8-K filed Oct 21, 2026
| Line | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $12,137M | $11,122M | +9.1% |
| Operating income | $2,263M | $1,941M | +16.6% |
| Net income to Thermo Fisher | $1,721M | $1,616M | +6.5% |
| Diluted EPS | $4.64 | $4.27 | +8.7% |
Change is worked out by Ticker Sage from the two figures shown. Operating margin, operating income as a share of revenue, was 18.6% compared with 17.5%. What profit margins measure.
Cash flow
| Line | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Cash from operations, first half | $5,867M | $4,361M | +34.5% |
The release reports cash flow for the first half of the fiscal year, so these columns cover that longer period, not the quarter alone. How free cash flow works.
Thermo Fisher's own adjusted measures (non-GAAP)
Read this first
These are measures Thermo Fisher defines itself. They aren't prepared under GAAP, other companies may define similar names differently, and the release reconciles each one to the nearest GAAP figure. Why companies exclude one-time items.
| Measure | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Adjusted EPS (company measure) | $6.68 | $5.79 | +15.4% |
| Diluted EPS (GAAP) | $4.64 | $4.27 | +8.7% |
What management said
"We are very pleased to deliver another excellent quarter, with outstanding financial performance on both the top and bottom line"
What to look for in the 10-Q
The press release has the headline tables. The 10-Q adds the full statements, the notes and management's discussion, including:
- Segment detail. Revenue and profit by business, and the reasons the company gives for changes.
- Items the adjusted measures leave out. Where those charges sit in the GAAP statements.
- Debt and risk factors. Any changes to borrowings and the risk factors section since the 10-K.
How an 8-K, a 10-Q and a 10-K differ. When the 10-Q is filed, the box at the top of this page links to it.
Sources
- Exhibit 99.1: press release and financial tables, filed Oct 21, 2026
- Form 8-K filing index on SEC EDGAR
- Thermo Fisher Form 10-K for fiscal 2025
Common questions
When did Thermo Fisher report Q3 2026 results?
Thermo Fisher filed its Q3 2026 press release with the SEC on Oct 21, 2026, as Exhibit 99.1 to a Form 8-K under Item 2.02 (Results of Operations and Financial Condition).
What were Thermo Fisher's revenue and EPS for Q3 2026?
Revenue was $12.1B, compared with $11.1B in Q3 2025. Diluted EPS was $4.64, compared with $4.27.
What is the difference between EPS and adjusted EPS?
EPS is the GAAP figure: net income attributable to the company divided by the diluted share count. Adjusted EPS is Thermo Fisher's own measure that leaves out items it chooses to exclude. For Q3 2026 EPS was $4.64 and Adjusted EPS was $6.68.
Has Thermo Fisher filed its 10-Q for Q3 2026?
Not when this page was built. Companies file the 10-Q a few weeks after quarter end, by a deadline the SEC sets by company size. This page links to it once it is filed.
Thermo Fisher company file → · Thermo Fisher filings news · Learn
Disclosures
- Editor holdings in TMO
- The editor holds no position in Thermo Fisher (TMO). As of Oct 25, 2026.
- Compensation
- Nobody paid for this page. No affiliate links.
- Sources
- Thermo Fisher's own SEC filings, linked next to each number.
- Last updated
- Oct 26, 2026
A summary of a public filing for general education, the same for every reader. Not a recommendation to buy, sell or hold TMO. It reports what the company said and doesn't compare the results with forecasts by anyone else.