๐ ๐๐๐ซ๐ง๐ข๐ง๐ ๐๐๐ฅ๐ฅ - $๐๐๐
Q1 2026 earnings season kicks off for our portfolio with Johnson & Johnson, and itโs a solid start.
Results came in slightly above expectations, though without any major surprises.
Revenue grew 9.9% year-over-year to $24.1B (vs. $23.63B expected), while adjusted EPS landed at $2.70, above the $2.66 consensus despite a modest decline.
Performance was driven by strong momentum across both segments:
๐นInnovative Medicine sales up 11.2% globally
๐นMedTech growing at 7.7%
Digging deeper into Innovative Medicine, growth was led by:
๐นOncology: +22.8%
๐นNeuroscience: +32%
Looking ahead, 2026 guidance has been revised upward for both operational sales and adjusted EPS. Operating income and net income remain stable, reflecting heavier investment in the first half of the year.
Overall, a positive quarter. The business continues to execute as expected, with strong underlying trends in oncology and neuroscience confirming the strength of the investment case, even in a more uncertain macro environment.
That said, current valuation levels donโt justify adding to the position at this stage. The thesis remains intact, but discipline on price matters most.
Cheers ๐ฅ
D.A.D
$SPX500$NSDQ100$DJ30
๐๐ช๐ด๐ค๐ญ๐ข๐ช๐ฎ๐ฆ๐ณ: ๐๐ฉ๐ช๐ด ๐ฑ๐ฐ๐ด๐ต ๐ณ๐ฆ๐ง๐ญ๐ฆ๐ค๐ต๐ด ๐ฎ๐บ ๐ฑ๐ฆ๐ณ๐ด๐ฐ๐ฏ๐ข๐ญ ๐ฐ๐ฑ๐ช๐ฏ๐ช๐ฐ๐ฏ๐ด ๐ข๐ฏ๐ฅ ๐ช๐ฏ๐ท๐ฆ๐ด๐ต๐ฎ๐ฆ๐ฏ๐ต ๐ฅ๐ฆ๐ค๐ช๐ด๐ช๐ฐ๐ฏ๐ด. ๐๐ต ๐ช๐ด ๐ฏ๐ฐ๐ต ๐ง๐ช๐ฏ๐ข๐ฏ๐ค๐ช๐ข๐ญ ๐ข๐ฅ๐ท๐ช๐ค๐ฆ. ๐๐ฏ๐ท๐ฆ๐ด๐ต๐ช๐ฏ๐จ ๐ช๐ฏ๐ท๐ฐ๐ญ๐ท๐ฆ๐ด ๐ณ๐ช๐ด๐ฌ, ๐ข๐ฏ๐ฅ ๐ฑ๐ข๐ด๐ต ๐ฑ๐ฆ๐ณ๐ง๐ฐ๐ณ๐ฎ๐ข๐ฏ๐ค๐ฆ ๐ช๐ด ๐ฏ๐ฐ๐ต ๐ช๐ฏ๐ฅ๐ช๐ค๐ข๐ต๐ช๐ท๐ฆ ๐ฐ๐ง ๐ง๐ถ๐ต๐ถ๐ณ๐ฆ ๐ณ๐ฆ๐ด๐ถ๐ญ๐ต๐ด.
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Not investment advice. The author may have financial interests in the mentioned instruments.
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Fri May 15 2026 19:31:06 GMT+0000 (Coordinated Universal Time)
