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DHR · Danaher Corp

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$229.86 -5.07 (-2.16%)
Market Cap
$165.28B
Shares
703.53M
Volume · Nov 5 1.06M Avg daily vol (3M) 3.94M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$234.93 Open$235.33 Day$229.92–236.67 52W close$161.91–242.05 Avg vol 30d4.4M Short int8.1M · 1.2% of shares · 1.9d Short vol51% Last earningsOct 21, 2026 DataJan 2020–Nov 2026 Filing10-Q · Oct 21

Up next

Jan 21, 2027 Est · unconfirmed · in 11 wks

Latest documents

2026
Oct 21
Earnings call
Q3 2026 earnings call

Danaher reported third-quarter core revenue growth excluding respiratory revenue of 5.5% and raised full-year 2026 adjusted diluted net EPS guidance to $8.57 to $8.62. It sees 4% to 5% core revenue growth excluding respiratory revenue for 2027.

Oct 21
Current report 8-K
Financial results

Danaher Corporation reported third-quarter 2026 revenue of $6.6 billion, up 8.5%, net earnings of $1.2 billion and adjusted diluted EPS of $2.11, and raised full-year 2026 adjusted diluted EPS guidance to $8.57 to $8.62.

Oct 21
Quarterly report 10-Q FY2026 Q3, ended Sep 25
Quarterly report for FY2026 Q3

Danaher reported third-quarter revenues up 8.5% and core sales up 3.0%, with core sales excluding respiratory testing up 5.5%; nine-month operating margin rose 180 basis points to 19.8%. It acquired Masimo for approximately $9.8 billion on June 10, 2026.

Read from the MD&A section
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$25.61B
Trailing 12 months
Net income (TTM)
$4.33B
Trailing 12 months
Revenue growth YoY
+8.3%
Year over year
Operating margin
20.4%
Trailing 12 months
P / E (TTM)
37.6
Trailing earnings · reciprocal yield 2.7%
FCF yield
3.5%
TTM · current market cap
Return on invested capital
6.2%
Trailing 12 months
Net cash
−$20.80B
Latest balance sheet
Dividend yield
0.7%
Trailing 12 months
Shares change YoY
-1.0%
Year over year · fewer shares
Price change (1Y)
+7.5%
Trailing year
Short interest
1.2%
Latest settlement · 1.9 days to cover
View all 122 metrics

AI Brief

Q3 FY26 earnings call · Oct 21, 2026
Q3 FY26

TL;DR. Danaher delivered better-than-expected third-quarter results, with core revenue excluding respiratory up 5.5%, adjusted operating margin near 29%, and adjusted EPS up 11.5%, and raised full-year 2026 adjusted EPS guidance to $8.57-$8.62. Respiratory testing remained a material drag, and full-year total core revenue growth is expected to be approximately 2.5%.

Bullish
  • + Q3 core revenue excluding respiratory grew 5.5%, accelerating 100 basis points from Q2.
  • + Adjusted operating margin reached 29% and adjusted EPS increased 11.5% to $2.11.
  • + Free cash flow was $1.6 billion in Q3 and $4 billion over the first nine months.
  • + Management raised full-year 2026 adjusted EPS guidance to $8.57-$8.62 from $8.45-$8.60.
Bearish
  • − Respiratory revenue reduced Q3 core growth by approximately 250 basis points.
  • − Full-year 2026 total core revenue growth is expected to be only approximately 2.5%.
  • − Academic demand remains below historic levels despite sequential improvement.
  • − North American core revenue declined in Q3.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Buy Momentum Very Strong Sentiment Neutral Fundamentals Strong Quant / Vol Moderate
Market backdrop VIX 16.6 · calm Equity put/call 0.44
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg +17%
above
Price vs 50-day avg +7%
above
RSI (14) 60
neutral
MACD trend Negative
52-week position 91%
near high
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Strong
1-month return +8%
trailing
6-month return +43%
trailing
YTD return +3%
this year
Relative strength +40%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $220 › 200d $201 — 50d above 200d
Institutional flow Distributing
1,100 of 2,137 funds reported for Sep 30 · net -5.5M sh shares · +91 new
Insider flow Distributing
Net -$21.5M over 90 days · 100% sells
Short interest Falling
1.16% of shares out · ▼ -9.2% MoM · 1.9 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr low
2,137 holders — near 3-yr low, contrarian setup
Squeeze score 49
elevated · 0–100
Fundamentals
Strong
Revenue growth +9%
Y/Y
Gross margin 73%
contracting
EPS growth −5%
Y/Y
Free cash flow $5.3B
Valuation P/E 38.4
in line
Balance sheet $13.8B
net debt
Quant / Vol
risk profile
Moderate
Volatility 30%
annualized · 1-yr
Max drawdown −33%
past year
ATR 2.8%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the 8-K filed Oct 21, 2026
fourth quarter 2026
Non-GAAP core revenue excluding respiratory revenue Non-GAAP 4% – 5%
Core revenue growth Non-GAAP 3%
Year Ending December 31, 2026 vs. Comparable 2025 Period
Life Sciences Non-GAAP 3% – 4%
Core sales growth (non-GAAP) Non-GAAP 2.5%
Year Ending December 31, 2026
Impact of currency exchange rates on sales 1%
Effective tax rate Maintained 17%
Jan 28, 2026 17% changed to Oct 21, 2026 17%
Previous outlook earlier release · from the 8-K filed Jul 21, 2026

Still-open targets the latest release did not restate under the same label.

Non-GAAP core revenue · third quarter 2026 (Three-Month Period Ending September 25, 2026 2% – 3%
Non-GAAP core revenue · full year 2026 (Year Ending December 31, 2026) 3% – 4%
Core sales growth excluding respiratory testing (non-GAAP) · Three-Month Period Ending September 25, 2026 5%
Life Sciences core sales growth (non-GAAP) · Three-Month Period Ending September 25, 2026 3% – 4%
Core sales growth (non-GAAP) - Life Sciences · Three-Month Period Ending September 25, 2026 3% – 4%
Prior guidance period ended · from the Earnings Call filed Jan 28, 2026
Adjusted operating profit margin · first quarter 2026 28.5%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy
1 · 3 · 3
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+17% Bullish
Price vs 50-day avg
+7% Bullish
RSI (14)
60 Neutral
MACD trend
Negative Bearish
52-week position
91% Bullish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross) No cross
50d $220 › 200d $201 — 50d above 200d
Institutional flow Distributing
1,100 of 2,137 funds reported for Sep 30 · net -5.5M sh shares · +91 new
Insider flow Distributing
Net -$21.5M over 90 days · 100% sells
Short interest Falling
1.16% of shares out · ▼ -9.2% MoM · 1.9 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr low
2,137 holders — near 3-yr low, contrarian setup
Price context
position in its 52-week range
Range low $162 Now $235 · 91% Range high $242
vs 200-day avg +17% vs 50-day avg +7%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

Diagnostics & Research — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
DHR
Danaher Corp
this stock
$165.28B +2.6% +8.5% 38.4 1.2%
TMO
Thermo Fisher Scientific Inc.
$261.38B +21.9% +14.5% 37.2 1.3%
IDXX
Idexx Laboratories Inc
$55.04B +3.3% +10.4% 47.1 2.4%
NTRA
Natera, Inc.
$52.75B +70.7% -2.8% — 4.1%
A
Agilent Technologies, Inc.
$49.95B +30.2% +6.4% 34.9 1.8%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
2,196
% held
82.2%
Reported
1,100 of 2,137
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
1,153
View
Short & Settlement
Short Interest Falling
Shares short
8.1M
Days to cover
1.9d
Change
-825.9K sh
View
Short Volume
Short vol %
51%
As of
Nov 4, 2026
Short Total
View
Fails to Deliver
FTD shares
1.6K
Value
$361.4K
As of
Sep 28, 2026
View
Off-Exchange
Off-exchange %
47.8%
Week of
Sep 28, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$21.5M
Buyers / Sellers
0 / 3
Buyers Sellers
View
Congressional Trades Sell
Member
Kevin Hern
Amount
$1.0K–$15.0K
Traded
Sep 2, 2026
View
Financials
Financials
Revenue (FY)
$24.6B
Net income (FY)
$3.6B
EPS diluted
$5.05
View
Buybacks
Authorized
shares 35.0M
Remaining
shares 32.0M
Spent Remaining
View
Filings
SEC Filings
Latest
8-K
Filed
Oct 21, 2026
This year
20

Danaher Corporation reported third-quarter 2026 revenue of $6.6 billion, up 8.5%, net earnings of $1.2 billion and adjusted diluted EPS of $2.11, and raised full-year 2026 adjusted diluted EPS guidance to $8.57 to $8.62.

View
Proposed Sales
Value
$7.0M
Shares
29.8K
Filed
Oct 28, 2026
View
Earnings & Events
Webcasts
Last webcast
Oct 21, 2026
View
Investor Relations
Latest news
Danaher Reports Third Quarter 202…
Published
Oct 21, 2026
View

Performance

5D 20D 120D MTD YTD
DHR +0.4% +7.5% +42.8% +1.2% +2.6%
SPY -0.7% -1.3% +2.5% +1.5% +12.5%
vs SPY +1.1% +8.9% +40.3% -0.3% -9.8%

Capital returns

Latest dividend
$0.40 / share · ex Sep 30, 2026
Raised 25%
Paid (TTM)
$1.52 / share · 4 payouts
Dividend yield (TTM, derived)
0.65%
Full dividend history
Buyback program · as of Sep 25, 2026
Authorized
shares 35.00M
Spent (derived)
shares 3.00M
Remaining
shares 32.00M
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 313616 CUSIP 235851102 13F (30d) 1142 filings 1044 filers Visit website Investor relations