Bausch Health (BHC) Q3 2026 Earnings Call Transcript
Bausch Health (BHC) reported Q3 2026 earnings, marking 4 consecutive quarters of year-over-year revenue and adjusted EBITDA growth. The company exceeded $1 billion in quarterly adjusted EBITDA and reduced net debt by over $500 million. Salix revenue increased 16%, while international business grew mid-single-digit. The company raised its full-year 2026 guidance for revenue, adjusted EBITDA, and adjusted cash flow from operations.
How this was made

The 30-second read
Why it matters
The earnings beat and guidance raise are likely to drive buying interest, especially from dividend‑seeking investors.
Market read
First‑report earnings with material numbers and guidance lift make this a high‑impact news item for BHC.
What to watch
Potential headwinds from foreign exchange exposure and upcoming regulatory reviews are not addressed in the call.
Background
The transcript provides the first public disclosure of Bausch Health's Q3 2026 financials and updated outlook.
Ticker impact
Bausch Health reported Q3 2026 results with revenue of $2.941B, adjusted EBITDA of $1.305B and raised full‑year guidance.
likely upward pressure as investors price in stronger earnings and higher guidance
The company delivered double‑digit growth, exceeded $1B adjusted EBITDA and lifted guidance, a material new development.
Market effects
Strong performance may lift the broader health‑care and specialty pharma sector.
Positive for North American biotech/health‑care indices.
Limited to investors tracking specialty pharma earnings.
Counterpoint
If the guidance raise is already priced in, the stock could face a short‑term pullback.
Key entities
- ExecutiveThomas J. Appio
Interim CEO of Bausch and Lomb, speaker on the call.
- ExecutiveJean‑Jacques Charhon
Presented detailed financial results.




