Baxter International reported second-quarter 2026 results showing revenue growth and higher earnings versus the year-ago quarter, supported by volume gains in Infusion Therapies and Advanced Surgery.

Financial Highlights

MetricCurrent quarterPrior year quarterYoY changeRevenue¹$2.96B$2.81B5.3%Net income²$126M$91M38.5%Diluted EPS³$0.24$0.1833.3%

¹ Reported as “Net sales”. ² Reported as “Net income (loss) attributable to Baxter stockholders”. ³ Reported as “Diluted earnings per share”.

Business Highlights

  • Revenue growth was driven by Infusion Therapies and Advanced Surgery volume gains; Advanced Surgery rose about 12% in the quarter.
  • Reporting was reorganized to two segments with Pharmaceuticals folded into Infusion Therapies & Platforms.
  • Launched a new operating model, the Baxter Growth & Performance system, alongside enterprise transformation initiatives.
  • Supply constraints and a Novum LVP distribution hold weighed on pump and injectables volumes despite overall sales gains.

Original SEC Filing:

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