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Did Thermo Fisher Scientific Beat Earnings?
Thermo Fisher Scientific (TMO) reported Q2 '26 revenue of $12B, up 10.5% year-over-year, with reported EPS of $6.03. That topped the $5.71 analyst estimate by 5.6% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Thermo Fisher Scientific’s job postings, web traffic, and employee business outlook. See the full TMO stock analysis or the earnings calendar for upcoming reports.
TMO Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $5.71 | $6.03 | Beat +5.6% |
| Q1 '26 | $5.24 | $5.44 | Beat +3.8% |
| Q4 '25 | $6.45 | $6.57 | Beat +1.9% |
| Q3 '25 | $5.50 | $5.79 | Beat +5.3% |
| Q2 '25 | $5.23 | $5.36 | Beat +2.5% |
| Q1 '25 | $5.10 | $5.15 | Beat +1.0% |
Thermo Fisher Scientific Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.6B | 11.4B | 10.4B | 10.9B | 11.1B | 12.2B | 11B | 12B |
| Gross margin | 41.0% | 39.2% | 41.0% | 37.3% | 41.8% | 38.0% | 40.7% | 41.2% |
| Operating margin | 18.1% | 19.9% | 17.8% | 17.7% | 17.5% | 18.8% | 16.9% | 17.4% |
| Net income | 1.63B | 1.83B | 1.51B | 1.62B | 1.62B | 1.98B | 1.65B | 1.74B |
| Net margin | 15.4% | 16.1% | 14.5% | 14.9% | 14.5% | 16.2% | 15.0% | 14.5% |
| EPS | $5.28 | $6.10 | $5.15 | $5.36 | $5.79 | $6.57 | $5.44 | $6.03 |
Thermo Fisher Scientific Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Thermo Fisher Scientific’s quarterly revenue moved from $10.6B to $12B. Net margin compressed from 15.4% to 14.5%, against a 41.2% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Thermo Fisher Scientific has beaten Wall Street EPS estimates in 8 of its last 8 reported quarters.
When Is Thermo Fisher Scientific’s Next Earnings Date?
Thermo Fisher Scientific 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 TMO earnings calendar.
Frequently Asked Questions: Thermo Fisher Scientific Earnings
Thermo Fisher Scientific's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Thermo Fisher Scientific reported Q2 '26 EPS of $6.03 on revenue of $12B (+10.5% YoY). Thermo Fisher Scientific beat estimates, reporting $6.03 vs. the $5.71 estimate.
Thermo Fisher Scientific reported Q2 '26 revenue of $12B, up 10.5% 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 TMO AI Score.
