BDX · Full Picture

BECTON DICKINSON & CO — the full picture

Earnings window · 2026-07-16 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Segment Revenue Performance · Revenue growth & mixPriority 79
    +23.0% revenue (realized); 3 sources (news, press_release, sec_filing); structured_verified
    Nine months ended June 30, 2026 net income: $449 million versus $1,185 million prior year (down 62.1%).
  2. Headcount / Restructuring · Restructuring & impairmentPriority 76
    -9.0% operating_income (realized); 2 sources (press_release, sec_filing); structured_verified
    The nine-month period of 2026 included non-cash asset impairment charges of $450 million recorded upon BD's commitment to exit certain operational activities and projects.
  3. Liquidity and Debt Position · Debt, leverage & refinancingPriority 76
    +8.0% cash (realized); 2 sources (press_release, sec_filing); structured_verified
    In connection with the Transaction, BD received a $4 billion cash distribution which was used to fund second quarter share repurchases and debt repayments.
  4. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 71
    3 sources (news, press_release, sec_filing); 2 forward row(s); quote_verified
    On February 9, 2026, BD completed the spin-off of its former Biosciences and Diagnostic Solutions business and the combination of the business with Waters Corporation in a Reverse Morris Trust transaction.
  5. Restructuring and Impairments · Restructuring & impairmentPriority 66
    -9.1% operating_income (realized); quote_verified
    Nine months ended June 30, 2026 integration, restructuring and transaction expense: $729 million versus $277 million prior year (162.9% increase).
  6. Capital Return Program · Buybacks & dividendsPriority 61
    -2.9% cash (realized); 2 sources (news, sec_filing); structured_verified
    Repurchases of common stock in the nine months ended June 30, 2026 were $(2,250) million compared with $(750) million in the prior-year period.
  7. Operating Expense Trends · Operating expenses (SG&A)Priority 60
    +8.0% operating_income (realized); quote_verified
    Specified items presented for the three months ended June 30, 2026 totaled $1,986 million and $2,015 million for the three months ended June 30, 2025.
  8. Free Cash Flow and Liquidity · UnclassifiedPriority 59
    2 sources (news, press_release); quote_verified
    Free cash flow increased 44.6% year-to-date to $1.7 billion.
  9. Operating Margin Drivers · Operating income & profitabilityPriority 59
    -9.4% operating_income (realized); 2 sources (news, press_release); quote_verified
    Third quarter fiscal 2026 operating income: $663 million, down 10.3% versus $739 million in the prior year period.
  10. Geographic Market Commentary · Geographic mixPriority 57
    +5.2% revenue (realized); 2 sources (press_release, sec_filing); quote_verified
    U.S. revenues for the three months ended June 30, 2026 were $3,081 million, up 6.9% (FXN change 6.9%, estimated FX impact —).
  11. Spin-off and Combination · M&A and divestituresPriority 53
    -4.0% net_income (realized); quote_verified
    Loss from discontinued operations, net of tax, for the three months ended June 30, 2026: $(74) million versus income of $123 million prior year (change of (159.8)%).
  12. Guidance and Outlook · Guidance & outlookPriority 52
    2 sources (news, press_release); 2 forward row(s); quote_verified
    Following Q3 results, the company raised its full-year fiscal 2026 adjusted diluted EPS guidance midpoint to $12.67.

Threads by pillar

Revenue & Demand Priority 87 · 6 threads

Costs & Margins Priority 89 · 6 threads

Capital & Balance Sheet Priority 86 · 4 threads

Strategy & Portfolio Priority 75 · 3 threads

Legal, Regulatory & Policy Priority 64 · 5 threads

Guidance & Outlook Priority 56 · 2 threads

Macro & Market Conditions Priority 47 · 3 threads

Unclassified Priority 69 · 3 threads

Expected impact by metric

metricforward netforward grossrealized
revenue+0.8%+0.8%+28.2%
liability——+4.7%
operating_income——-20.6%
cash——+5.1%
assets——-0.9%
margin——+1.6%
net_income——-18.7%