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Thermo Fisher (TMO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended March 2026, Thermo Fisher Scientific (TMO - Free Report) reported revenue of $11.01 billion, up 6.2% over the same period last year. EPS came in at $5.44, compared to $5.15 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $10.83 billion, representing a surprise of +1.62%. The company delivered an EPS surprise of +4.67%, with the consensus EPS estimate being $5.20.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Thermo Fisher performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenue Growth - Organic: 1% compared to the 1.4% average estimate based on four analysts.
  • Revenues- Laboratory Products and Biopharma Services: $6.04 billion compared to the $5.77 billion average estimate based on four analysts. The reported number represents a change of +7% year over year.
  • Revenues- Specialty Diagnostics: $1.14 billion versus the four-analyst average estimate of $1.17 billion. The reported number represents a year-over-year change of -0.5%.
  • Revenues- Life Sciences Solutions: $2.64 billion compared to the $2.56 billion average estimate based on four analysts. The reported number represents a change of +12.6% year over year.
  • Revenues- Analytical Instruments: $1.72 billion versus the four-analyst average estimate of $1.74 billion. The reported number represents a year-over-year change of -0.1%.
  • Revenues- Eliminations: $-524 million versus $-481.59 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.7% change.

View all Key Company Metrics for Thermo Fisher here>>>

Shares of Thermo Fisher have returned +4.7% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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