Veralto

Q2 FY2026 EarningsQ2 FY26 results presented a mixed performance against consensus: revenue of $1,474M beat the $1,455M estimate by 1.3%, and gross margin outperformed significantly at 61.2% vs. 58.7% expected. However, EBIT of $315M missed the $341M consensus by 7.5% due to a $29M restructuring charge from the 2026 Cost Optimization Program. GAAP EPS of $0.98 slightly exceeded the $0.97 mean estimate, primarily supported by a favorable 16.6% effective tax rate vs. 20.3% expected, alongside aggressive share repurchases totaling $434M YTD.