10-Q quarterly report · filed Apr 30, 2026

Baxter International (BAX) Q1 2026 10-Q Quarterly Report

Short answer

Baxter International (BAX) filed its Q1 2026 10-Q quarterly report on Apr 30, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $2.7B (up 2.9% year over year) with net income of −$15M.

Q1 2026 key financials · XBRL

Revenue
$2.7B
+2.9% YoY
Net income
−$15M
−111.9% YoY
Operating margin
2.4%
Gross margin
33.0%
EPS (diluted)
−$0.03
−112.0% YoY

Source: XBRL data from the Baxter International (BAX) Q1 2026 10-Q on SEC EDGAR. USD.

Baxter International Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $2.701B, up 3% YoY from $2.625B; organic sales declined 1%
  • Net loss $15M vs $126M profit YoY; special items reduced income by $205M vs $194M
  • Best segment: Pharmaceuticals, $621M revenue, up 7%; Drug Compounding rose 30% to $320M
  • Worst product line: Injectables & Anesthesia, $301M revenue, down 10% from $335M
  • Headwinds: Novum LVP hold, supply constraints, tariffs, inflation, and weaker hospital capital spending risk

Risk Factors

  • No material changes to risk factors disclosed in Baxter’s 2025 Annual Report
  • Carried-forward regulatory risk: compliance obligations under applicable securities laws
  • Carried-forward operational risk: Baxter’s previously disclosed business and supply-chain exposures
  • Carried-forward financial risk: liquidity, debt, currency, and concentration exposures remain unchanged from the 2025 Annual Report

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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