DHR · 10-Q · 2026Q3 · Full report

Gross Margin Drivers

DANAHER CORP /DE/ · 2026-10-21 · Importance 39 · Surprise 50 · From source text

Nine-month sales increased to $18.770 billion from $17.730 billion, while gross profit increased to $11.039 billion from $10.557 billion. Gross margin declined to 58.8% from 59.5% for the nine-month period, primarily because of product mix, the $130 million Masimo Acquisition inventory fair-value adjustment and net facility impairment charges. Third-quarter gross margin increased to 58.5% from 58.2%, helped by recently acquired businesses and IEEPA tariff refunds, partially offset by the $84 million inventory fair-value adjustment and a $52 million facility impairment charge.

Key facts

• Three-month cost of sales: $2,717 million for period ended September 25, 2026. source
• Three-month cost of sales: $2,530 million for period ended September 26, 2025. source
• Nine-month cost of sales: $7,731 million for period ended September 25, 2026. source
• Nine-month cost of sales: $7,173 million for period ended September 26, 2025. source
• Three-month gross profit margin: 58.5% for period ended September 25, 2026. source
• Three-month gross profit margin: 58.2% for period ended September 26, 2025. source
• Nine-month gross profit margin: 58.8% for period ended September 25, 2026. source
• Nine-month gross profit margin: 59.5% for period ended September 26, 2025. source

Impact estimates