Filing Flows › Thermo Fisher Scientific (TMO) › Q2 2026
Thermo Fisher Scientific (TMO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Thermo Fisher Scientific (TMO) reported revenue of $12.0B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +9% from the quarter before. Operating margin was 17.4%, net earnings $1.7B (14.5% of revenue).
Thermo Fisher Scientific, Q2 2026: revenue $12.0B (+10% year over year), operating margin 17.4%, net earnings $1.7B, operating cash flow $2.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.0B | +9% | +10% |
| Operating profit | $2.1B | +12% | +14% |
| Net earnings | $1.7B | +5% | +8% |
| Operating cash flow | $2.1B | +78% | +52% |
| Free cash flow | $1.7B | +105% | +52% |
What changed
Revenue was $12.0B in Q2 2026, up 10% year over year and up 9% from the previous quarter. Laboratory Products and Biopharma Services was the largest line at 55% of revenue. Laboratory Products and Biopharma Services added $0.70B year over year (up 12%), 61% of the total change.
Operating profit was $2.1B, a 17.4% margin (up 0.5 points year over year). Of the extra revenue versus Q2 2025, 22% reached operating profit, above the 17% margin then. Total costs grew 10% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+10%). Net earnings were $1.7B, up 7% year over year. The effective tax rate was 8.8%.
Operating cash flow was $2.1B (up 52% year over year), 122% of net earnings. Non-cash charges added back $0.82B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items used $0.51B. Capital expenditures of $0.45B left free cash flow of $1.7B.
Questions
What was Thermo Fisher Scientific's revenue in the second quarter 2026?
Thermo Fisher Scientific (TMO) reported revenue of $12.0B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +9% from the quarter before.
Was Thermo Fisher Scientific profitable in the second quarter 2026?
Operating profit was $2.1B (17.4% of revenue) and net earnings $1.7B.