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Did Baxter International Beat Earnings?
Baxter International (BAX) reported Q2 '26 revenue of $2.96B, up 5.3% year-over-year, with reported EPS of $0.56. That topped the $0.36 analyst estimate by 55.6% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Baxter International’s job postings, web traffic, and employee business outlook. See the full BAX stock analysis or the earnings calendar for upcoming reports.
BAX Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $0.36 | $0.56 | Beat +55.6% |
| Q1 '26 | $0.31 | $0.36 | Beat +16.1% |
| Q4 '25 | $0.54 | $0.44 | Missed -18.5% |
| Q3 '25 | $0.60 | $0.69 | Beat +15.0% |
| Q2 '25 | $0.61 | $0.59 | Missed -3.3% |
| Q1 '25 | $0.48 | $0.55 | Beat +14.6% |
Baxter International Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.7B | 2.75B | 2.63B | 2.81B | 2.84B | 2.97B | 2.7B | 2.96B |
| Gross margin | 38.3% | 34.8% | 32.8% | 35.3% | 33.5% | 19.4% | 33.0% | 34.9% |
| Operating margin | 5.7% | -15.8% | 2.2% | 6.8% | 6.1% | -24.5% | 2.4% | 7.3% |
| Net income | 140M | -512M | 126M | 91M | -46M | -1.13B | -15M | 126M |
| Net margin | 5.2% | -18.6% | 4.8% | 3.2% | -1.6% | -37.9% | -0.6% | 4.3% |
| EPS | $0.49 | $0.58 | $0.55 | $0.59 | $0.69 | $0.44 | $0.36 | $0.56 |
Baxter International Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Baxter International’s quarterly revenue moved from $2.7B to $2.96B. Net margin compressed from 5.2% to 4.3%, against a 34.9% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Baxter International has beaten Wall Street EPS estimates in 5 of its last 8 reported quarters.
When Is Baxter International’s Next Earnings Date?
Baxter International reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the BAX earnings calendar.
Frequently Asked Questions: Baxter International Earnings
Baxter International's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Baxter International reported Q2 '26 EPS of $0.56 on revenue of $2.96B (+5.3% YoY). Baxter International beat estimates, reporting $0.56 vs. the $0.36 estimate.
Baxter International reported Q2 '26 revenue of $2.96B, up 5.3% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the BAX AI Score.
