Guidance
Full-year 2026 guidance maintained despite Q1 cyber impact
Guidance tone
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Demand
Capex
SYK
FY2026 Q1
IN LINE
Stryker Corporation earnings call
Buzzberg read
Full-year 2026 guidance maintained despite Q1 cyber impact
Despite a significant cyber disruption, management repeatedly reaffirmed full-year guidance, highlighted record Mako installations and healthy underlying demand, and projected a staged recovery through 2026.
Buzzberg read Full-year 2026 guidance maintained despite Q1 cyber impact Despite a significant cyber disruption, management repeatedly reaffirmed full-year guidance, highlighted record Mako installations and healthy underlying demand, and projected a staged recovery through 2026. Read full analysisCollapse analysis
Despite a significant cyber disruption, management repeatedly reaffirmed full-year guidance, highlighted record Mako installations and healthy underlying demand, and projected a staged recovery through 2026.
Revenue
$6.02B
-16% QoQ
EPS
$2.60
-42% QoQ
Gross margin
63.29%
reported
Op margin
15.55%
reported
What changed this quarter
Recovery
Cyber-related sales recovery spreads across Q2 and 2H26
Robotics
Record Q1 Mako installations signal sustained robotics momentum
M&A
M&A pipeline active, including peripheral vascular deal
Demand & capex
Bookings & conversion
Despite a significant cyber disruption, management repeatedly reaffirmed full-year guidance, highlighted record Mako installations and healthy underlying demand, and projected a staged recovery through 2026.
Investment and capacity
Management did not provide Stryker-specific capex details, but said the hospital CapEx environment remains steady and its capital order book remains elevated, supporting demand for capital equipment. Cyber-recovery investments are contemplated in existing guidance.
Tone · Confident
Despite a significant cyber disruption, management repeatedly reaffirmed full-year guidance, highlighted record Mako installations and healthy underlying demand, and projected a staged recovery through 2026.