Stryker Corp (NYSE:SYK)
$ 325.7 -22.34 (-6.42%) Market Cap: 124.86 Bil Enterprise Value: 136.62 Bil PE Ratio: 37.70 PB Ratio: 5.43 GF Score: 92/100

Q3 2025 Stryker Corp Earnings Call Transcript

Oct 30, 2025 / 08:30PM GMT
Release Date Price: $368.98 (-0.17%)

Key Points

Positve
  • Stryker Corp (SYK) reported strong organic sales growth of 9.5% for the third quarter, driven by widespread demand across its businesses.
  • The company achieved double-digit adjusted EPS growth of 11.1%, despite facing tariff headwinds.
  • Stryker Corp (SYK) completed two small acquisitions, enhancing its orthopedic instrument offerings and Sage business.
  • The company raised its full-year 2025 outlook, expecting continued strong demand and operational momentum.
  • Stryker Corp (SYK) delivered its best-ever Q3 for Mako installations, reinforcing its leading position in US hips and knees.
Negative
  • Tariff headwinds are expected to have a net impact of approximately $200 million for the full year 2025.
  • The company faced ongoing supply chain disruptions affecting its emergency care business.
  • Higher interest expenses impacted the company's adjusted other income and expense, which was $74 million higher than the previous year.
  • The Communications operating room business experienced lower sales due to the timing of infrastructure installations.
  • The Inari business faced challenges with destocking, which partially offset its double-digit pro forma organic sales growth.
Operator

Welcome to the third quarter 2025 Stryker earnings call. My name is Robbie, and I'll be your operator for today's call. (Operator Instructions) This conference call is being recorded for replay purposes. Before we begin, I would like to remind you that the discussions during this conference call will include forward-looking statements.

Factors that could cause actual results to differ materially are discussed in the company's most recent filings with the SEC. Also, the discussions will include certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures can be found in today's press release that is an exhibit to Stryker's current report on Form 8-K filed today with the SEC.

I will now turn the call over to Mr. Kevin Lobo, Chair and Chief Executive Officer. You may proceed, sir.

Kevin Lobo
Stryker Corp - Chairman of the Board, President, Chief Executive Officer

Welcome to Stryker's third quarter earnings call. Joining me today are Preston Wells, Stryker's CFO; and Jason Beach, Vice President of

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