DHR · 10-Q · 2026Q3 · Full report

Supply Chain And Inventory

DANAHER CORP /DE/ · 2026-10-21 · Importance 10 · Surprise 6

Danaher sources parts and materials globally and reported no material supply-chain interruption during the first nine months of 2026. The Middle East conflict caused delivery delays and higher logistics costs for regional customers and disrupted certain supplies, increasing their costs. Tariffs enacted in 2025 and the first nine months of 2026 did not materially affect the business or financial statements during the periods presented, although alternative tariffs and the timing and extent of IEEPA refunds remained uncertain. The company returned or expected to return tariff refunds to customers, which reduced reported sales by 1.0% in the third quarter and 0.5% year to date.

Key facts

• The aggregate of trade accounts receivable, inventories and trade accounts payable used $412 million in operating cash flows during the first nine months of 2026, compared to $441 million used in the comparable period of 2025. source