revenue $2.21B, net income $92.0M. Solventum Q2 FY26: Net income +2% on below-the-line swing as operating income fell 15%

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~2 min read

Key Changes

• high

  $204M Bair Hugger litigation charge in Q2 2026 raised accrued liability to $235M (from $31M at year-end 2025) on undisclosed case developments; ~8,400 U.S. lawsuits now pending, up ~300 YoY.

  Legal Proceedings: Bair Hugger accrual verify on EDGAR →
• high

  Operating income fell 15% YoY to $181M while net income rose 2% to $92M — the bottom-line gain came from $36M net below-the-line improvement (non-operating/other +$38M, income tax -$2M), not operations.

  MD&A: Operating vs. net income divergence verify on EDGAR →
• high

  $120M IEEPA tariff refund recognized in Q2 2026 after Supreme Court ruled presidential tariff authority invalid; $100M pre-tax benefit to cost of product, $120M receivable booked.

  Legal Proceedings: Tariff refund verify on EDGAR →