Thermo Fisher Scientific Inc.
TMO Healthcare Diagnostics & Research
Thermo Fisher Scientific Inc.’s revenue for fiscal 2025 (year ended December 2025) was $44.6 billion, up 3.91% from fiscal 2024.
- Revenue
- +9.13%
- EPS
- +8.64%
- Free cash flow
- +15.0%
- Total debt
- +22.8%
Quarter to September 2026, against a year earlier
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Thermo Fisher Scientific Inc. 10-Q filed Oct 30, 2026
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 31, 2026: 6 added · 2 removed · 27 modified; 4 with only figures updated; 5 moved without change
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Modified · Organic Revenue Growth
During the
secondthird quarter of 2026, customer activitycontinued to strengthenremained strong across our end markets. Revenue growth was very strong in the pharma and biotech market,with performance driven by strengtheningas underlying market conditions continued to strengthen. Revenues in the academic and government marketgrew, and growthwere flat. Revenue in the industrial and applied market was very strong,bothdriven by customer demand for our innovative high-end instruments. Revenue to customers in the diagnostics and healthcare marketwasalsostronggrew slightly. During thesecondthird quarter of 2026, sales increased across all major geographies. Revenue growth was strong in North America and Europe and very strong in Asia-Pacific, including China. Contributions to organic revenue during thesecondthird quarter of 2026 were led by the Laboratory Products and Biopharma Services segment and the Analytical Instruments segment.