SYK · 10-Q · 2026Q3 · Full report

Operating Expense Trends

STRYKER CORP · 2026-10-30 · Importance 54 · Surprise 40

Third-quarter selling, general and administrative expense increased $268 million, or 13.1%, to $2,313 million, and rose to 35.5% of sales from 33.8%, primarily because of higher structural optimization and other special charges.,Nine-month SG&A increased $399 million, or 6.2%, to $6,823 million, while its sales ratio was nearly flat at 35.7% versus 35.8%.,Nine-month research, development and engineering expense increased $58 million, or 4.7%, to $1,280 million; it was 6.7% of sales compared with 6.8% a year earlier.,Higher nine-month structural optimization and other special charges were offset by lower acquisition and integration-related costs.

Key facts

• Stryker recorded a $293 million goodwill impairment charge in the three months related to its Peripheral Vascular business. source
• The updated long-range financial-plan projections were approved during the third quarter of 2026, and the impairment assessment recognized a $293 million goodwill charge. source
• Selling, general and administrative expenses increased $268 million, or 13.1%, in the three months; as a percentage of sales they rose to 35.5% from 33.8%, primarily due to higher structural optimization and other special charges. source
• Other impairments were $73 million in the three months and $163 million in the nine months; the prior-year nine-month amount was $1 million. source
• Selling, general and administrative expenses increased $399 million, or 6.2%, in the nine months; expenses were 35.7% of sales compared with 35.8% in the prior-year period. source
• Research, development and engineering expenses increased $23 million, or 5.6%, in the three months and $58 million, or 4.7%, in the nine months. source
• Research, development and engineering expenses were 6.6% of sales in the three months and 6.7% in the nine months, compared with 6.8% in both prior-year periods. source
• Amortization of intangible assets was $175 million and $189 million in the three months, and $530 million and $543 million in the nine months. source