Bausch Health Q3FY26 Results: Adjusted EBITDA up 32% to $1.3 billion
Bausch Health reported a 32% YoY increase in adjusted EBITDA to $1.305 billion for Q3FY26, exceeding $1 billion for the first time. The company raised its full-year 2026 guidance for revenue, adjusted EBITDA, and cash flow, citing strong performance. Net debt was reduced by $521 million during the quarter. Salix segment drove growth with a 16% revenue increase, while Solta Medical saw reported revenue grow 18% but organic revenue decline 4%.
How this was made

The 30-second read
Why it matters
The earnings beat and guidance lift are likely to drive short‑term buying interest, especially in after‑hours trading.
Market read
First‑report earnings with material guidance upgrades; high relevance for traders targeting healthcare stocks.
What to watch
Tariff volatility in China could still pressure Solta Medical's organic growth despite reported revenue gains.
Background
Bausch Health Companies Inc. (NYSE:BHC) released its Q3 FY26 earnings, showing a 32% YoY increase in adjusted EBITDA and raising full‑year guidance.
Ticker impact
Bausch Health reported Q3 FY26 adjusted EBITDA up 32% YoY and raised full-year 2026 revenue and EBITDA guidance.
upward pressure as investors price in higher revenue and EBITDA expectations
The company beat internal benchmarks and lifted guidance by double‑digit percentages, a material catalyst for the stock.
Market effects
Improves outlook for the broader pharma/healthcare sector as a large generic drugmaker shows earnings momentum.
Positive for North American healthcare stocks, especially peers with exposure to generic drug pricing.
Adds to global earnings momentum in the healthcare space, potentially influencing foreign investors tracking US pharma.
Counterpoint
The guidance raise may already be priced in; any miss on Q4 could trigger a pullback.
Key entities
- companyBausch Health Companies Inc.
US‑listed pharmaceutical company reporting Q3 FY26 results.
- executiveThomas Appio
CEO who highlighted disciplined capital allocation and announced share repurchase.



