Solventum (SOLV) Q3 FY2026 earnings: revenue $1.9 billion, down 7.0% on the year
Solventum Corp. (SOLV) reported revenue of $1.9 billion for Q3 FY2026, the quarter ended 30 September 2026, down 7.0% on the same quarter a year earlier. Net income was -$12 million, and diluted earnings per share $-0.07. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.
Revenue
$1.9 billion
-7.0% on the year · -11.8% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
3.5%
80.6% a year earlier
Q4 FY2024Q3 FY2026
Net income
-$12 million
Q4 FY2024Q3 FY2026
Diluted EPS
-$0.07
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 3 raised, 1 kept.
Sales fell on advance-order reversal: Net sales were $1.9 billion, down 7.0% reported and 2.8% organic. Management tied the organic decline to a 630 bps reversal of Q2 advance orders placed ahead of the ERP cutover.
Adjusted EPS fell in quarter, rose nine months: Adjusted diluted EPS was $1.45, down 3.6%; nine-month adjusted diluted EPS was $5.48, up 20.9%. GAAP diluted EPS was $(0.07), against $7.22 a year earlier.
Dental sales and margin fell: Dental Solutions sales were $317 million, down 6.7% reported and 7.4% organic. Segment operating margin was 20.1%, against 25.7% a year earlier.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
177
227
76.0
-22.0%
+132.9%
Capital expenditure
80.0
83.0
97.0
-3.6%
-17.5%
Free cash flow
97.0
144
-21.0
-32.6%
Free cash flow margin
5.0%
6.5%
-1.0%
Cash from investing
-80.0
-87.0
3,766
Cash from financing
-51.0
-300
-2,693
Depreciation and amortisation
128
126
114
+1.6%
+12.3%
Share-based compensation
42.0
38.0
41.0
+10.5%
+2.4%
Buybacks
48.0
288
0.0
-83.3%
Diluted shares, weighted
171m
173m
175m
-1.4%
-2.6%
Shares outstanding at period end
170m
170m
173m
-0.1%
-2.0%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
4,805
4,800
4,986
+0.1%
-3.6%
Debt
5,068
5,079
5,137
-0.2%
-1.3%
Finance lease liabilities
206
207
n/a
-0.5%
Other liabilities
4,086
4,157
3,850
-1.7%
+6.1%
Total liabilities and equity
14,165
14,243
13,973
-0.5%
+1.4%
Fixed assets
n/a
n/a
1,336
Goodwill
5,616
5,626
5,260
-0.2%
+6.8%
Intangible assets
2,317
2,408
2,223
-3.8%
+4.2%
Cash and equivalents
451
403
1,642
+11.9%
-72.5%
Receivables
1,364
1,310
1,019
+4.1%
+33.9%
Inventory
1,102
1,040
1,049
+6.0%
+5.1%
Other assets
3,315
3,456
1,444
-4.1%
+129.6%
Total assets
14,165
14,243
13,973
-0.5%
+1.4%
Questions
What was Solventum's revenue in Q3 FY2026?
Solventum (SOLV) reported revenue of $1.9 billion for Q3 FY2026, the quarter ended 30 September 2026, down 7.0% on the same quarter a year earlier.
How much did Solventum earn in Q3 FY2026?
Net loss for Q3 FY2026 was $12 million, and the diluted loss per share $0.07.
When did Solventum report Q3 FY2026 results?
Solventum filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.