Becton Dickinson reports FY2026 results and announces $19 billion U.S. investment partnership
Becton, Dickinson (BD) posted fiscal 2026 fourth‑quarter revenue of $5.3 billion, up 5.4% year‑over‑year, and full‑year revenue of $19.5 billion, up 4.9% YoY. GAAP EPS for Q4 was $2.52 and adjusted EPS was $4.15; full‑year adjusted EPS was $12.70. The company announced a multi‑year $19 billion partnership with the U.S. government, including $3 billion earmarked for manufacturing expansion, and issued FY2027 guidance for low single‑digit revenue growth and adjusted EPS of $13.10‑$13.30.
Why it matters
The guidance signals modest top‑line growth for FY2027, which may temper short‑term price expectations despite the earnings beat (the company’s own guidance). The $19 billion U.S. investment could improve supply‑chain resilience and provide tariff relief, potentially supporting future cash‑flow generation.
Key facts
- 1Q4 revenue of $5.3 billion increased 5.4% as reported (5.6% FX‑neutral) (source 5). sec.gov
- 2Full‑year FY2026 revenue of $19.5 billion increased 4.9% as reported (3.9% FX‑neutral) (source 5). sec.gov
- 3Q4 GAAP diluted EPS was $2.52 and adjusted diluted EPS was $4.15 (source 5). sec.gov
- 4Full‑year FY2026 adjusted diluted EPS was $12.70 (source 5). sec.gov
- 5FY2026 cash from continuing operations rose 30.0% to $3.6 billion; free cash flow rose 42.5% to $2.9 billion (source 5). sec.gov
- 6BD announced a $19 billion U.S. partnership, with $3 billion directed to manufacturing expansion (source 5). sec.gov
Summary written by AlphAI AI Desk from 15 of 15 sources. Not investment advice. Figures are as stated by the linked sources.