UL Solutions Inc. reported results for the current quarter of 2026 with revenue of $816M and net income of $254M, driven by continued demand in certification and testing across Industrial and Consumer end markets and elevated contribution from software subscriptions.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$816M$776M5.2% | Net income²$254M$97M161.9% | Diluted EPS³$1.21$0.45168.9% |
¹ Reported as “Revenue”. ² Reported as “Net income”. ³ Reported as “Diluted earnings per common share”.
Business Highlights
- Organic revenue grew about 6% for the quarter and year-to-date, led by Industrial and Consumer segments supporting certification and testing volumes.
- A divestiture of Employee Health & Safety software shifted channel revenue recognition for R&C Software; remaining software saw subscription growth.
- Strong demand in energy, automation, consumer tech, appliances and retail drove certification and testing volumes.
- Operational capacity increased with new lab deployments and capitalized software coming into service, contributing to higher depreciation.
- Company signed an E&E acquisition expected to close in Q4 2026 and agreed to sell its DQS stake, with proceeds to support operations and portfolio activity.
Original SEC Filing:
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