JOHNSON & JOHNSON (JNJ) Earnings History

JOHNSON & JOHNSON - Q1 2026 Earnings

Filed at: Apr 14, 2026, 7:35 AM EDT|Read from source

EXECUTIVE SUMMARY

Johnson & Johnson reported a strong first quarter with robust revenue growth driven by its Innovative Medicine and MedTech segments. The company demonstrated solid operational execution, though net earnings saw a significant decline due to a large one-time gain in the prior year's quarter.

POSITIVE HIGHLIGHTS

  • •

    Worldwide sales increased 9.9% to $24.1 billion, driven by strong performance in both Innovative Medicine and MedTech segments.

    positive
  • •

    Innovative Medicine segment sales grew 11.2% operationally to $15.4 billion, with strong contributions from Oncology and Neuroscience.

    positive
  • •

    MedTech segment sales increased 7.7% operationally to $8.6 billion, with growth across Cardiovascular, Surgery, Vision, and Orthopaedics.

    positive
  • •

    Operational sales growth of 6.4% globally, indicating strong underlying business performance.

    positive

CONCERNS & RISKS

  • •

    Reported Net Earnings decreased by 52.4% to $5.2 billion, primarily due to a significant one-time gain in the prior year's quarter related to 'Other (income) expense, net'.

    negative
  • •

    Diluted EPS decreased by 52.9% to $2.14, reflecting the decline in net earnings.

    negative
  • •

    Adjusted Net Earnings decreased by 1.4% to $6.6 billion, and Adjusted Diluted EPS decreased by 2.5% to $2.70, indicating some pressure on profitability even after excluding special items.

    attention
  • •

    Imbruvica sales declined 39.1% in the US and 6.9% worldwide, indicating a significant impact from competition or patent expirations.

    attention
  • •

    Stelara sales decreased 77.6% in the US and 59.7% worldwide, likely due to biosimilar competition.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$24.06B
+9.9%
Prior year: $21.89B
Net Income
Quarterly
$5.24B
-52.4%
Prior year: $11.00B
EPS (Diluted)
Quarterly
$2.14
-52.9%
Prior year: $4.54
Operating Income
Quarterly
$5.99B
-56.1%
Prior year: $13.63B
EPS (Basic)
Quarterly
N/A
N/A

MARGIN ANALYSIS

Gross Margin
Current Quarter
66.3%
Prior Year
66.4%
YoY Change
-10 bps
Operating Margin
Current Quarter
24.9%
Prior Year
62.3%
YoY Change
-3740 bps
Net Margin
Current Quarter
21.8%
Prior Year
50.2%
YoY Change
-2840 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

REVENUE BY SEGMENT — Q1 2026 2026

VISUAL OVERVIEW

|
Innovative Medicine(6 segments)
0.0%
N/A
CC: +7.4%
MedTech(4 segments)
0.0%
N/A
CC: +4.6%

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% TotalCC
Innovative Medicine
N/A———+7.4%
MedTech
N/A———+4.6%
Total Revenue$0.00M——100.0%—

Segment performance shows business unit health and growth drivers. Constant currency (CC) removes FX impact for like-for-like comparison.

EARNINGS CALL —

Call date
2026-04-14
Tone
N/A
Hedge density
N/A
Deflection rate
N/A

SPECIAL ITEMS & ADJUSTMENTS

Q1 2026
Restructuring related
Primarily costs related to product exits in the MedTech segment.
+$32M
Q1 2026
In-process research and development impairments
+$36M
Q1 2026
Interest (income) expense, net
+$43M
Q1 2026
Other (income) expense, net
+$294M
Q1 2025
Other (income) expense, net
Significant one-time gain in prior year.
$7,321M
Q1 2025
Restructuring related
Primarily costs related to market and product exits in the MedTech segment.
+$17M
Total Impact
$6,899M

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

Strong first-quarter performance driven by robust growth in Innovative Medicine and MedTech.

— JOHNSON & JOHNSON, Q1 2026 2026 Earnings Call

Operational sales growth of 6.4% reflects strong underlying business momentum.

— JOHNSON & JOHNSON, Q1 2026 2026 Earnings Call

Continued focus on innovation and expanding market access for key products.

— JOHNSON & JOHNSON, Q1 2026 2026 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Innovative Medicine Growth (Operational)
7.4
%
MedTech Growth (Operational)
4.6
%
Worldwide Sales Growth (Operational)
6.4
%

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.

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