--- canonical_url: https://www.stockexpertai.com/earnings/bdx last_updated: 2026-05-05T21:08:06.194Z --- # Becton, Dickinson and Company (BDX) Q4 FY2026 Earnings Preview > **[stale-preview-note]** Note: this preview was published before the 2026-05-07 earnings report. Results have since been released — verify against the latest filings. > This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-05T21:08:05.864Z. Educational tool, not investment advice. --- ## Quick Summary | Field | Value | Source | |---|---|---| | Price | $144.17 (▼ -1.46%) | fmp:quote | | Market Cap | $52.2B | fmp:profile | | 52w range | $127.59 – $187.35 | fmp:quote | | Earnings | Thu 7 May | fmp:earnings-history | | EPS estimate | $2.77 (-17% YoY) | fmp:earnings-estimate | | Revenue estimate | $4.7B | fmp:earnings-estimate | | Beat streak | 8/4 | fmp:earnings-history | | Rating | B+ (overall 3/5) | fmp:ratings | | Analyst median target | $168 (+16.5% upside) | fmp:price-target-consensus | | MoonshotScore | 40/100 | derived | | Council | 1/6 bullish | derived | | Munger verdict | Fairly Valued | derived | ## Becton, Dickinson and Company — Q4 FY2026 Expectations Q4 consensus: revenue $4.7B^{[FMP est]}, EPS $2.77^{[FMP est]}. 8 consecutive quarters of beat^{[FMP earnings]}. ## Quick Take **Score:** B+ · **Stance:** BUY · **Council:** 1/6 · **Moonshot:** 40 = MoonshotScore 40^{[9-pillar formula]} + Council 1/6^{[6-lens rule]}. Form 4: 0 transactions^{[FMP Form 4]}. ## Watchlist (4 metrics) ### 1. Fy26 Eps Guidance Becton, Dickinson and Company is establishing an adjusted EPS guidance for fiscal year 2026 in a range of $12.35 to $12.65, reflecting growth of approximately 6% at the midpoint, including an impact of 370 basis points from tariffs. > "Given these considerations, we are establishing an adjusted EPS guidance for new Becton, Dickinson and Company in a range of $12.35 to $12.65. This reflects growth of approximately 6% at the midpoint, including an impact of 370 basis points from tariffs." > — Vitor Roach, Senior Vice President and Interim Chief Financial Officer, Expectation / Guide · Q1 FY2026 ### 2. Operating Margin Decline Becton, Dickinson and Company's adjusted operating margin decreased to 21.2%, down 240 basis points due to the impact of tariffs and increased commercial investments in key growth areas. > "Adjusted operating margin of 21.2% was down 240 basis points versus the prior year due to the impact of tariffs and increased commercial investments in key growth areas." > — Vitor Roach, Senior Vice President and Interim Chief Financial Officer, Risk Indicator · Q1 FY2026 ### 3. New Bdx Growth New Becton, Dickinson and Company grew 2.5%, with broad-based growth across the markets where investments have been increased. > "New Becton, Dickinson and Company grew 2.5%, with broad-based growth across the markets where we have been doubling down on investments." > — Thomas E. Polen, Chairman, Chief Executive Officer, and President, Investor Focus · Q1 FY2026 ### 4. Eps Decline Becton, Dickinson and Company's adjusted EPS decreased by 15.2% to $2.91, driven primarily by the impact of tariffs. > "Adjusted EPS of $2.91 was down 15.2% driven primarily by the impact of tariffs." > — Vitor Roach, Senior Vice President and Interim Chief Financial Officer, Investor Focus · Q1 FY2026 ## MoonshotScore Pillars | Pillar | Score | Level | Evidence | |---|---|---|---| | Revenue Growth | 0.0 | weak | Q1 vs Q2: growth negative (-0.4%, contraction) | | Gross Margin | 4.0 | medium | Q1: average margin (44.6%) | | Operating Leverage | 1.0 | weak | op margin average (11.3%) | | Cash Runway | 10.0 | strong | FCF very strong ($0.5B, 5.1× CapEx) | | R&D Intensity | 5.0 | medium | average R&D (5.7%) | | Price Momentum | 4.0 | medium | RSI 30.5 weak momentum, 50d below | | News Sentiment | 4.0 | medium | mixed (40% buy) | **Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula. ## Council (7-Lens) | Name | Stance | Context | |---|---|---| | Ray Dalio | bull | macro · target upside +16.5% | | Ken Griffin | bear | flow · 50d MA below | | Jim Simons | neutral | quant · RSI 31 | | Klarman | neutral | value · target upside +16.5% | | Buffett | neutral | quality · ROE score 3/5 | | Munger | neutral | valuation · target upside +16.5% | **Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr. ## Munger Lens - **Verdict:** Fairly Valued - **Financial Health:** Moderate - **Margin of Safety:** Moderate - **Interest Coverage:** Adequate - **ROIC vs WACC:** Tight **Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget. ## Technical Levels - **RSI(14):** 30.5 — momentum zayıf — oversold yakınında değil ama alıcı baskısı az - **50d MA:** $159 — hisse %9.4 altında — kısa vadeli direnç - **200d MA:** $141 — hisse %2.1 üstünde — uzun vadeli destek - **Volume (10d):** +17% ## Past Performance (4 Quarters) | Quarter | EPS Actual | EPS Estimate | Result | Reaction | |---|---|---|---|---| | Q2 FY25 | $3.35 | $3.28 | BEAT | -0.4% | | Q3 FY25 | $3.68 | $3.40 | BEAT | +3.1% | | Q4 FY25 | $3.96 | $3.92 | BEAT | +0.3% | | Q1 FY26 | $2.91 | $2.21 | +31.7% EPS | +5.3% | Q1 (February 9, 2026): EPS $2.91 vs $2.21 est^[FMP], +31.7% beat. D+1 movement: +5.3%^{[FMP D+1]}. Decline despite beat — market reacted to guidance, not numbers. ## 3 Scenarios ### Scenario A · Beat **Q4 EPS > $2.77 + CapEx discipline** Threshold: EPS > $2.77^{[FMP est]}. Target: Break above median target $168^{[FMP target]}; high target $202^[FMP] upper bound. ### Scenario B · In-Line **EPS ≈ $2.77 + CapEx < $108.0M** Threshold: EPS ≈ $2.77^{[FMP est]}, Q4 CapEx < $108.0M^[FMP]. Target: Consolidation in the band between current $144^[FMP] and median $168^[FMP]. ### Scenario C · Miss **EPS < $2.69 or CapEx ≥ $108.0M** Threshold: EPS < $2.69^{[FMP est×0.97]}. Target: Current $144 below SMA200 $141^[FMP], if rejection continues, $120^[derived] support activates. ## Risk Notes ### Primary segment below threshold Q1: EPS $2.91 vs $2.21 beat^[FMP], stock +5.3% D+1^[FMP]. ### Backlog concentration No RPO/backlog concentration disclosed in Q1 earnings call. ### Insider trading Form 4 data is marked in the table — this page does not generate assumptions for this stock. | Executive | Action | Amount | Date | |---|---|---|---| **Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26 ### CapEx shock Q1 CapEx $108.0M^{[FMP cashflow]}. Q1 op margin 11.3%^{[FMP op margin]} — this level in Q4 is sensitive to CapEx revision risk. ## Wall Street Consensus - **Median target:** $168 (+16.5% upside vs current $144) - **High / Low:** $202 / $159 - **Buy / Hold / Sell:** 6 / 9 / 0 - **Analyst count:** 6 (last quarter), 31 all-time ## Additional Transcript Insights ### 1. new_bdx_growth **Claim:** New Becton, Dickinson and Company grew 2.5%, with broad-based growth across the markets where investments have been increased. **Evidence (transcript):** "New Becton, Dickinson and Company grew 2.5%, with broad-based growth across the markets where we have been doubling down on investments." **Numbers:** 2.5% ### 2. biologic_drug_delivery_growth **Claim:** Becton, Dickinson and Company delivered double-digit growth in biologic drug delivery. **Evidence (transcript):** "This includes double-digit growth in biologic drug delivery, PureWick, advanced tissue regeneration, Pharmacy Automation, and high single-digit growth in APM." **Numbers:** — ### 3. operating_margin_decline **Claim:** Becton, Dickinson and Company's adjusted operating margin decreased to 21.2%, down 240 basis points due to the impact of tariffs and increased commercial investments in key growth areas. **Evidence (transcript):** "Adjusted operating margin of 21.2% was down 240 basis points versus the prior year due to the impact of tariffs and increased commercial investments in key growth areas." **Numbers:** 21.2%, 240 ### 4. eps_decline **Claim:** Becton, Dickinson and Company's adjusted EPS decreased by 15.2% to $2.91, driven primarily by the impact of tariffs. **Evidence (transcript):** "Adjusted EPS of $2.91 was down 15.2% driven primarily by the impact of tariffs." **Numbers:** $2.91, 15.2% ### 5. fy26_eps_guidance **Claim:** Becton, Dickinson and Company is establishing an adjusted EPS guidance for fiscal year 2026 in a range of $12.35 to $12.65, reflecting growth of approximately 6% at the midpoint, including an impact of 370 basis points from tariffs. **Evidence (transcript):** "Given these considerations, we are establishing an adjusted EPS guidance for new Becton, Dickinson and Company in a range of $12.35 to $12.65. This reflects growth of approximately 6% at the midpoint, including an impact of 370 basis points from tariffs." **Numbers:** $12.35, $12.65, 6%, 370 --- *Data source: FMP (live query, 2026-05-05), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*