TMO · 10-Q · 2026Q3 · Full report

Guidance / Outlook

THERMO FISHER SCIENTIFIC INC. · 2026-10-30 · Importance 54 · Surprise 24

Thermo Fisher expects 2026 GAAP effective tax rates of 9% to 11% and an adjusted tax rate of approximately 11.5%. The forecast reflects currently expected profitability across the countries where the company operates and generates foreign tax credits. The company expects cash income tax payments of approximately $1.5 billion in 2026.

Key facts

• Thermo Fisher Scientific Inc. expects its GAAP effective tax rate in 2026 to be between 9% and 11%, based on currently forecasted profitability and foreign tax credits. source
• Thermo Fisher Scientific Inc. expects its adjusted tax rate to be approximately 11.5% in 2026. source
• Thermo Fisher Scientific Inc. believes existing cash and cash equivalents, future operating cash flow, and available revolving-credit borrowing capacity will be sufficient for existing business cash requirements for the foreseeable future, including at least the next 24 months. source
• Thermo Fisher Scientific Inc. does not expect material adverse liquidity effects from its significant non-U.S. cash balances for the foreseeable future, given its cash-transfer practices. source