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8-K ·Filed Oct 13, 2026

JNJ

JOHNSON & JOHNSON
MIXED
Impact 6/10
Horizondays Processed14d 20h ago SEC0000200406-26-000189
8-K Item 2.02: Earnings release
Actionable Insight ◆ Mixed

The headline EPS and revenue miss vs consensus is a negative surprise, but the guidance raise signals management sees underlying operational strength. Watch the earnings call for details on talc resolution timing and MedTech growth trajectory. The stock may open lower on the miss but could recover if the guidance raise is viewed as credible.

DirectionMixed
Confidencehigh
Horizondays
Latest settled: T+5d
JNJ ▲ +4.32% at T+5d
NEUTRAL call +4.32% · α vs SPY +5.48% · entry $248.61 → $259.36
Next anchor: T+20d in 13d
Latest observation: T+8 +4.62% FF3 residual α
Entry = T+0 close
Oct 13, 2026
via day close
T+1d
+2.13%
call +2.13% · α +3.21%
$253.91
settled 14d ago
T+5d
+4.32%
call +4.32% · α +5.48%
$259.36
settled 8d ago
T+20d
Pending
in 13d
T+60d
Pending
in 2mo

Price Chart

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Executive Summary

JNJ reported Q3 2026 adjusted EPS of $2.59, a -11.2% miss vs consensus of $2.92, and revenue of $25.4B vs $26.43B consensus. GAAP EPS was $0.09 due to a $5.5B litigation charge for the proposed talc resolution. The company raised full-year 2026 adjusted EPS guidance by $0.06 to $11.10 midpoint and reported sales guidance to $101.2B midpoint, signaling confidence in operational momentum despite the headline miss.

Key Financial Metrics

EPS
$2.59
est $2.92 · -11.3%
Revenue
$25.4B
est $26.4B · -3.9% · +5.9% YoY
Rating
miss
Guidance
$101.0B-$101.4B
raised
Free Cash Flow
$15.1B
Gross Margin
68.1%

Key Facts

  • Q3 2026 adjusted EPS $2.59 vs consensus $2.92 (-11.2% miss)
  • Q3 2026 reported sales $25.4B vs consensus $26.43B (-3.9% miss)
  • GAAP EPS $0.09 reflects $5.5B litigation charge for proposed talc resolution
  • Worldwide operational sales grew 6.0% YoY; adjusted operational sales grew 6.1%
  • Innovative Medicine operational sales +7.9%; MedTech +2.5%
  • Raised FY2026 adjusted EPS guidance to $11.05-$11.15 (midpoint $11.10, +2.9% YoY)
  • Raised FY2026 reported sales guidance to $101.0B-$101.4B (midpoint $101.2B, +7.4% YoY)
  • Free cash flow YTD estimated at $15.1B vs $14.2B prior year
  • FDA approval of IMAAVY (nipocalimab) for wAIHA; FDA market authorization for OTTAVA robotic surgical system

Financial Impact

Q3 adjusted EPS miss of $0.33 vs consensus; revenue miss of ~$1.0B. Guidance raise partially offsets negative surprise. Talc litigation charge of $5.5B pre-tax is a one-time non-cash item.

epsrevenueguidancelitigation

Risk Factors

  • Talc litigation resolution remains subject to court approval and could face challenges
  • MedTech growth slowed to 2.5% operational, below historical trends
  • STELARA biosimilar erosion continues (-54.4% YoY in Q3)
  • Pulmonary Hypertension franchise declined 19.5% YoY on OPSUMIT/OPSYNVI weakness

Investment Themes

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0000200406-26-000189
Document: a2026q3exhibit991.htm0000200406-26-000189
Document: jnj-20261013.htm0000200406-26-000189
Document: 0000200406-26-000189-index-headers.html0000200406-26-000189
Document: 0000200406-26-000189-index.html0000200406-26-000189
Document: 0000200406-26-000189.txt0000200406-26-000189
8-K Data (Synthetic)0000200406-26-000189
19 reports for JNJ
Performance horizon
100% Hit rate @ T+60 4 of 4 directional calls Went positive at some point 5 of 6 best @ T+60▲ +13.24%May 13, 2026
Filters
Rows
Reports for JNJ, sortable and filterable
TypeNow
Oct 13, 2026
14d ago
8-K
MIXED ★ 6/10
$248.61awaiting T+60awaiting T+60$268.73 (+8.09%)
Sep 30, 2026
28d ago
Court Ruling
BULLISH ★ 6/10
$258.66awaiting T+60awaiting T+60$268.73 (+3.89%)
Sep 24, 2026
4w ago
Court Ruling
NEUTRAL ★ 3/10
$271.22awaiting T+60awaiting T+60$268.73 (−0.92%)
Sep 9, 2026
7w ago
Court Ruling
NEUTRAL ★ 1/10
$266.35awaiting T+60awaiting T+60$268.73 (+0.89%)
Aug 18, 2026
10w ago
Insider Cluster
NEUTRAL ★ 2/10
$273.41awaiting T+60awaiting T+60$268.73 (−1.71%)
Aug 14, 2026
10w ago
Insider Cluster
NEUTRAL ★ 2/10
$262.37awaiting T+60awaiting T+60$268.73 (+2.42%)
Aug 7, 2026
11w ago
Insider Cluster
NEUTRAL ★ 3/10
$261.81awaiting T+60awaiting T+60$268.73 (+2.64%)
Aug 7, 2026
11w ago
Court Ruling
BEARISH ★ 4/10
$261.81awaiting T+60awaiting T+60$268.73 (−2.64%)
Aug 4, 2026
12w ago
8-K
NEUTRAL ★ 2/10
$254.93awaiting T+60awaiting T+60$268.73 (+5.41%)
Jul 22, 2026
14w ago
Court Ruling
BEARISH ★ 7/10
$259.27 $255.56▲ +1.43%▲ +4.83%$268.73 (−3.65%)
Showing 10 of 19

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Report published Oct 13, 2026