JNJ · Earnings call · 2026Q3T · Full report
Liquidity and Cash Position
JOHNSON & JOHNSON · 2026-10-13 · Importance 37 · Surprise 6 · In source text
Johnson & Johnson ended Q3 2026 with approximately $17 billion of cash and marketable securities. Debt was approximately $45 billion, producing net debt of approximately $28 billion. The company generated more than $6 billion of free cash flow in the quarter and maintained full-year free cash flow guidance of $21 billion. Management’s capital allocation priorities include commercial launches, innovation, annual dividend increases, and strategic inorganic opportunities.
Key facts
- Full-year free cash flow guidance remains $21 billion.
- J&J ended Q3 with approximately $17 billion of cash and marketable securities and approximately $45 billion of debt, for a net debt position of approximately $28 billion, generating more than $6 billion in free cash flow in the third quarter.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | committed | — | Full-year free cash flow guidance remains $21 billion. |