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Get filing alertsCritical incident detected
Data breach / PII exposure
Time-sensitive event — see the red-flag panel below for the source-quoted detail.
Red Flags Detected
- Adjusted Eps Declined 8.5% While Reported Eps Rose 14.2% (new) — The divergence between reported and adjusted earnings suggests significant one-time charges or adjustments that mask underlying operational performance.
- Cybersecurity Incident Referenced But Not Quantified (new) — The March 2026 cyber incident impacted Q1 operations but the filing provides no detail on financial impact, scope, or remediation costs.
- Adjusted Operating Margin Contracted 180 Basis Points (new) — Significant margin compression despite modest sales growth raises questions about cost structure and operational efficiency.
Stryker Q1 adjusted EPS falls 8.5% to $2.60 despite 2.6% sales growth; cyber incident cited
Filed April 30, 2026 · Period ending April 30, 2026 · ~1 min read
Key Changes
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high
Adjusted EPS declined 8.5% to $2.60 in Q1 2026 while reported EPS rose 14.2% to $1.93; adjusted operating margin contracted 180 bps to 21.1% despite 2.6% sales growth to $6.0 billion.
Item 2.02 verify on EDGAR → -
high
CEO acknowledged cybersecurity incident during Q1 (first reported March 11, 2026) but noted team's quick recovery; impact on operations and financial results not quantified in filing.
Exhibit 99.1 view on EDGAR → -
high
Company reaffirmed full-year 2026 guidance of 8.0%–9.5% organic sales growth and $14.90–$15.10 adjusted EPS, citing strong underlying business momentum despite Q1 headwinds.
Exhibit 99.1 view on EDGAR → -
medium
Stryker reorganized into new Ortho Tech business unit combining Mako robotics, power tools, and enabling technologies to simplify customer experience and accelerate innovation.
Exhibit 99.1 view on EDGAR → -
medium
Recorded $118 million in structural optimization charges including $81 million for terminating sales relationships in certain countries; specific markets and strategic rationale not disclosed.
Exhibit 99.1 view on EDGAR →
Summary
Stryker reported a challenging first quarter 2026 with adjusted earnings per share falling 8.5% to $2.60 despite 2.6% sales growth to $6.0 billion. The company's adjusted operating margin contracted 180 basis points to 21.1%, indicating pressure on profitability.
The CEO acknowledged a cybersecurity incident first reported in March 2026 that disrupted operations during the quarter, though the filing provides no quantification of the financial impact or remediation costs. The company also recorded $118 million in structural optimization charges, including $81 million related to terminating sales relationships in unspecified countries.
Despite these headwinds, Stryker reaffirmed its full-year 2026 guidance for 8.0%–9.5% organic sales growth and $14.90–$15.10 adjusted EPS, with management citing strong underlying business momentum. The company also announced a reorganization creating a new Ortho Tech business unit that combines Mako robotics with orthopaedic instruments and enabling technologies. Investors should watch for details on the cyber incident's full impact, the margin recovery trajectory, and whether Q1's weak adjusted earnings represent a temporary disruption or signal broader operational challenges that could pressure the full-year guidance.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Reported net sales increased 2.6% to $6.0 billion
•Organic net sales increased 2.4%
•Reported operating income margin of 15.5%
•Adjusted operating income margin(1) contracted 180 bps to 21.1%
•Reported EPS increased 14.2% to $1.93
•Adjusted EPS(1) decreased 8.5% to $2.60
Stryker reported first quarter 2026 results showing modest sales growth of 2.6% to $6.0 billion, with organic sales up 2.4%. However, adjusted operating margin contracted 180 basis points to 21.1%, and adjusted earnings per share declined 8.5% to $2.60, despite reported EPS rising 14.2% to $1.93. The divergence reflects the impact of acquisition-related charges and other adjustments that are excluded from the adjusted figures.
Added in current filing · view on EDGAR →
I am pleased with our team’s ability to recover quickly from the cyber incident and continue delivering for our customers and their patients
The CEO referenced a cybersecurity incident that occurred during the quarter, noting the team's quick recovery. The filing's risk factors section mentions "breaches, failures or other disruptions of our or our vendors' or customers' information technology systems or products resulting from cyber-attack, data leakage, unauthorized access or theft, including the cybersecurity incident first reported on March 11, 2026." This indicates a material cyber event was disclosed in March 2026 that impacted Q1 operations.
Added in current filing · view on EDGAR →
In the first quarter 2026 Stryker announced a change in our organizational structure. Our new Ortho Tech business combines the orthopaedic instruments portfolio from our Instruments business with the Mako and enabling technologies portfolio from our Other Orthopaedics business. By bringing Mako, power tools, cutting accessories, enabling technologies and the teams behind these products together under one business, we are simplifying the customer experience and striving to increase our speed to market through focused innovation.
Stryker reorganized its business segments in Q1 2026, creating a new Ortho Tech business unit that combines orthopaedic instruments with Mako robotics and enabling technologies. The company states this change simplifies the customer experience and aims to accelerate innovation. Prior period segment data has been recast to reflect the new structure.
Event · Item 2.02 — Results of Operations and Financial Condition
Stryker announced Q1 2026 operating results via press release on April 30, 2026.
Added in current filing · verify on EDGAR →
Stryker Corporation issued a press release on April 30, 2026 announcing its first quarter 2026 operating results.
Stryker disclosed its first quarter 2026 operating results through a press release. The 8-K body does not contain the actual financial figures; those are in the attached Exhibit 99.1 press release, which is not included in this filing text.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 3, 2026 · How we verify