Filing Flows › Smith & Nephew (SNN) › H1 2026
Smith & Nephew (SNN) H1 2026 earnings results (H1 2026)
6-K filed Aug 14, 2026
Smith & Nephew (SNN) reported revenue of $3.1B for the H1 2026 (H1 2026), +5% from a year earlier. Operating margin was 14.5%, net earnings $303M (9.8% of revenue).
Smith & Nephew, H1 2026: revenue $3.1B (+5% year over year), operating margin 14.5%, net earnings $303M, operating cash flow $450M. The chart follows the revenue to costs, profit and cash.
| H1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | — | +5% |
| Gross profit | $2.2B | — | +5% |
| Operating profit | $448M | — | +4% |
| Net earnings | $303M | — | +3% |
| Operating cash flow | $450M | — | +14% |
What changed
Revenue was $3.1B in H1 2026, up 5% year over year.
Gross margin was 70.9%, up 0.3 points from a year earlier. Operating profit was $0.45B, a 14.5% margin (unchanged year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, below the 14% margin then. Operating expenses grew 5% against revenue growth of 5%. Net earnings were $0.30B, up 3% year over year. The effective tax rate was 20.3%.
Operating cash flow was $0.45B (up 14% year over year), 149% of net earnings. Non-cash charges added back $0.03B of share-based compensation. Working capital and other items added $0.11B.
Questions
What was Smith & Nephew's revenue in the H1 2026?
Smith & Nephew (SNN) reported revenue of $3.1B for the H1 2026 (H1 2026), +5% from a year earlier.
Was Smith & Nephew profitable in the H1 2026?
Operating profit was $448M (14.5% of revenue) and net earnings $303M.
Source: Smith & Nephew 6-K on SEC EDGAR.