DHR · Earnings call · 2026Q3T · Full report

Operating Margin Drivers

DANAHER CORP /DE/ · 2026-10-21 · Importance 31 · Surprise 32

Third-quarter gross profit margin was 58.5%. Adjusted operating profit margin was 29%, up 110 basis points year over year and above expectations. Management attributed the improvement primarily to strong operational execution, with a modest benefit from tariff refunds received during the quarter.

Key facts

• Danaher’s Q3 2026 adjusted operating profit margin was 29%, up 110 basis points, driven primarily by strong operational execution and modestly benefiting from tariff refunds received during the quarter.
• Danaher’s Q3 2026 gross profit margin was 58.5%.