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Stryker Corporation
SYK - NYSE - $285.47 (as of ) ▼ -2.98%
-
Earnings Thu 30 Jul
Note: this preview was published before the 2026-07-30 earnings report. Results have since been released — verify against the latest filings.

Stryker Corporation (SYK) Q2 FY26 earnings preview — archived, published May 9, 2026

The median of 11 price targets is $394[FMP target], stock is $285, +38.0% vs the analyst consensus median. Q1 FY26 EPS $2.60 vs $2.98 estimate: miss (-12.8%)[FMP earnings]. Stock move on D+1: -6.5%.

↓ summary below
Quick Take - in 40 seconds ·
B
Council 5/6 - Historical V1 score 50

B — FMP rating [FMP ratings]. Form 4: unavailable[FMP Form 4].

Quick Answer

Stryker Corporation (SYK) Q2 consensus: revenue $6.6B[FMP est], EPS $3.47[FMP est]. 0 consecutive quarters of beat[FMP earnings].

$3.47 EPS Estimate Last year $3.13 - +11% YoY
0 Beat Streak Expectations beaten consecutively for the last 0 quarters

Q1 FY26 EPS $2.60 vs $2.98 estimate: miss (-12.8%)[FMP]. Stock move on D+1: -6.5%[FMP D+1].

Watchlist

6 metrics stand out this quarter.

- Risk Indicator

Procedural Volumes And Capex

procedural_volumes_and_capex

Stryker is seeing solid procedural volumes supported by favorable demographics and the continued adoption of robotic-assisted surgery, as well as a steady hospital CapEx environment.

"Procedural volumes were solid, supported by favorable demographics and the continued adoption of robotic-assisted surgery. The hospital CapEx environment also remains steady, and our capital order book remains elevated as we enter the remainder of the year."

- Jason Beach, Vice President of Finance and Investor Relations - Q1 FY26 Earnings Call - April 30, 2026
- Expectation / Guide

Fy26 Guidance Maintained

fy26_guidance_maintained

Stryker is maintaining its full year guidance for both revenue and earnings per share despite disruptions from the cyber incident.

"Despite the disruption we experienced this quarter, we are maintaining our full year guidance."

- Preston Wells, CFO - Q1 FY26 Earnings Call - April 30, 2026
- Investor Focus

Mako Installations Q1

mako_installations_q1

Stryker delivered its best ever Q1 for Mako installations both in the U.S. and internationally, with high and increasing utilization rates across the globe.

"Additionally, we delivered our best ever Q1 for Mako installations both in the U.S. and internationally, with high and increasing utilization rates across the globe."

- Jason Beach, Vice President of Finance and Investor Relations - Q1 FY26 Earnings Call - April 30, 2026
2026 Investor Focus

Cyber Incident Impact

cyber_incident_impact

The cyber incident meaningfully impacted Stryker's first quarter results, but the company expects normalization over the course of the year and is maintaining its full year guidance.

"While our growth this quarter was meaningfully impacted by the cyber incident, we remain encouraged by the solid fundamentals in the markets we serve and remain well positioned within them. As a result, we are maintaining our full year guidance and look forward to another year of healthy performance in 2026."

- Kevin Lobo, Chair and Executive Officer - Q1 FY26 Earnings Call - April 30, 2026
- Investor Focus

Amplitude Vascular Systems Acquisition

amplitude_vascular_systems_acquisition

Stryker announced the agreement to acquire Amplitude Vascular Systems to help expand treatment options for peripheral vascular customers and is also a step toward expanding our presence in the broader cardiovascular space.

"On the M&A front, we recently announced the agreement to acquire Amplitude Vascular Systems that we expect to close in the second quarter. The acquisition of AVS will help expand treatment options for our peripheral vascular customers and is also a step toward expanding our presence in the broader cardiovascular space."

- Kevin Lobo, Chair and Executive Officer - Q1 FY26 Earnings Call - April 30, 2026
- Investor Focus

Ortho Tech Business

ortho_tech_business

Stryker established its new Ortho Tech business by combining the Mako and Enabling Technologies with the Orthopaedic Instruments portfolio to simplify the customer experience, accelerate innovation and increase our speed to market.

"Also, at the beginning of Q1, we established our new Ortho Tech business by combining the Mako and Enabling Technologies with the Orthopaedic Instruments portfolio from our Instruments business to simplify the customer experience, accelerate innovation and increase our speed to market."

- Kevin Lobo, Chair and Executive Officer - Q1 FY26 Earnings Call - April 30, 2026

Stock Expert AI - Methodology

Do our scoring pillars, 6 perspectives, and Munger lens point in the same direction?

Council Score 5 / 6 Bullish

6 investor frameworks. 5 bullish (Ray Dalio, Jim Simons, Klarman, Buffett, Munger), 1 bearish (Ken Griffin), 0 neutral (none).

How is it calculated? ->
Ray Dalio macro - target upside +38.0%
Ken Griffin flow - 50d MA below
Jim Simons quant - RSI 23
Klarman value - target upside +38.0%
Buffett quality - ROE score 4/5
Munger valuation - target upside +38.0%
Munger's Mindset character & balance sheet lens
Undervalued

Quality business, discounted price.

How is it calculated? ->
Financial HealthModerate
Margin of SafetyStrong
Interest CoverageAdequate
ROIC vs WACCHealthy
Technical Levels - Pre-earnings positioning

What levels is the stock being tested at?

RSI(14)
23.1 RSI 23.1 oversold, 50d below
MACD
-15.00 price below 50d - resistance dominant
50d MA
$336 stock 15.0% below - short-term resistance
200d MA
$362 stock 21.2% below - long-term pressure
Volume (10d)
-25% decrease - low participation
Resistance
$394
Analyst median target - upgrade trigger if broken
Current
$285
Pre-earnings position
Support
$308
Invalidation - close below this is a technical breakdown
Pattern
Range
$308-$394 band - earnings breakout/breakdown trigger

Past Performance

4 quarters shown.

BEAT
Q2 FY25
$3.13 vs $3.07 est · Next-day price move: -3.8%
BEAT
Q3 FY25
$3.19 vs $3.13 est · Next-day price move: -3.5%
BEAT
Q4 FY25
$4.47 vs $4.40 est · Next-day price move: +4.3%
MISS
Q1 FY26
$2.60 vs $2.98 est · Next-day price move: -6.5%

Q1 FY26 (April 30, 2026) EPS $2.60 vs $2.98 estimate: miss (-12.8%)[FMP]. Stock move on D+1: -6.5%[FMP D+1].

Three scenarios: what could happen?

EPS < $3.37 (no guidance)

Q1 FY26 EPS $2.60 vs $2.98 estimate: miss (-12.8%)[FMP]. Stock move on D+1: -6.5%[FMP].

Backlog concentration

No RPO/backlog concentration disclosed in Q1 earnings call.

CapEx shock

Q1 CapEx $166.0M[FMP cashflow]. Q1 op margin 15.5%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.

Framework - Position discipline

After the data arrives: 3 scenarios, 3 windows

Not advice - a structural framework for earnings night. Decision discipline is yours.

Scenario A - Beat
Q2 EPS > $3.47 + CapEx discipline
Threshold: EPS > $3.47[FMP est].
Target: Break above median target $394[FMP target]; high target $465[FMP] upper bound.
Scenario B - In-Line
EPS approx $3.47 + CapEx < $166.0M
Threshold: EPS approx $3.47[FMP est], Q4 CapEx < $166.0M[FMP].
Target: Consolidation in the band between current $285[FMP] and median $394[FMP].
Scenario C - Miss
EPS < $3.37 or CapEx >= $166.0M
Threshold: EPS < $3.37[FMP estx0.97].
Current price $285 — below SMA200 $362 [FMP].

Market Outlook

What do analysts say? 11 price targets · 29 ratings

Wall Street Consensus
$394
12-month median target price (+38.0% gap to the analyst consensus median)
22
BUY
7
HOLD
0
SELL
Risk Management
$308
Invalidation level - critical support threshold
$336 - 50-day MA (below, -15.0%)
$362 - 200-day MA (below, -21.2%)
IV Crush risk (sudden drop in inflated option premiums before earnings): Option premiums are inflated before earnings.
Verdict - SYK Q2 FY26
B

You read it in 5 minutes. When the numbers come out on Thursday evening - you know what you're looking at.

Data arrives at night. The framework is ready now.

Data arrives on Thursday evening. The framework is ready on this page: Q2 EPS threshold $3.47[FMP], CapEx threshold "below $166.0M". Two anchors, three scenarios.

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Educational tool, not investment advice. Past performance does not guarantee future results.

Calendar

Catalyst Calendar - 90-day forward look

Jul 30, 2026EARNINGSQ2 FY26 results (after market close) + earnings call
Jul 31, 2026PRICEFirst trading day after earnings - 200dMA test + IV crush
Aug 9, 2026 – Aug 14, 2026FILING10-Q due within 40–45 days of quarter end (by Aug 9, 2026 – Aug 14, 2026); the exact deadline depends on filer status
~Oct 30, 2026EARNINGSQ3 FY26 (next quarter, date not yet scheduled in FMP)

DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.

Frequently Asked Questions

What does the SYK Q2 FY26 earnings preview cover?

This Stryker Corporation (SYK) Q2 FY26 earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.

What should investors watch for in SYK Q2 FY26 earnings?

Stryker Corporation (SYK): Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.

Where do the numbers on this page come from?

Stryker Corporation (SYK): Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.

Is this a buy or sell recommendation?

Stryker Corporation (SYK): No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.

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