JNJ · Earnings call · 2026Q3T · Full report
FX / Currency Impact
JOHNSON & JOHNSON · 2026-10-13 · Importance 41 · Surprise 32 · In source text
Management’s 2026 reported-sales outlook assumes a euro spot rate of $1.12 and an average fiscal-year rate of $1.15 to the U.S. dollar. Based on the average rate, reported sales growth is expected at 7.2%–7.6%, with a midpoint of $101.2 billion. Management said that if the current spot rate holds into 2027, currency could become a headwind.
Key facts
- Estimate reported sales growth of 7.2% to 7.6% with a midpoint of $101.2 billion (7.4%), based on fiscal year average euro rate of 1.15.
- As of last week, the euro spot rate to the U.S. dollar was 1.12; average rate for the fiscal year stands at 1.15.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | Estimate reported sales growth of 7.2% to 7.6% with a midpoint of $101.2 billion (7.4%), based on fiscal year average euro rate of 1.15. |