SYK · 10-Q · 2026Q2 · Full report

Trade Policy and Tariffs

STRYKER CORP · 2026-07-31 · Importance 53 · Surprise 60

Stryker reported that a reduction in certain import tariffs increased gross margin during the three and six months ended June 30, 2026. The company recorded a $158 million reversal of 2025 tariffs in both periods, increasing adjusted operating income by $158 million and adjusted net earnings by $133 million for the six months. The filing does not identify the specific jurisdictions or tariff programs involved, but management said tariff reductions were a primary driver of higher gross profit margins, which rose to 68.3% in the second quarter and 65.9% for the six-month period.

Key facts

• Reversal of 2025 tariffs contributed +260 bps to gross margin in three months and +130 bps in six months and was adjusted in the three months as a $158 million reversal. source