Stryker 1Q Sales, Profit Rise as it Dealt with Cyberattack

By Paul Ziobro

Stryker posted higher profit and sales in the first quarter, during which it was hit by a cyberattack that reportedly was in retaliation to the war in Iran.

The medical-device company on Thursday posted a profit of $745 million, or $1.93 a share, compared with $654 million, or $1.69 a share, in the same quarter a year ago.

Adjusted earnings were $2.60 a share. Analysts polled by FactSet expected $2.98 a share.

Sales rose 2.6% to $6.02 billion, short of the $6.34 billion expected by analysts. Sales rose 5% in its MedSurg and Neurotechnology units and edged 0.1% higher in Orthopaedics.

Stryker in March was hit by a cyberattack, which caused a global disruption to its Microsoft systems. The hackers behind the attack said they were retaliating on behalf of Iran as the conflict with the U.S. was escalating, The Wall Street Journal reported at the time.

Stryker said earlier this month said that the incident would impact its first-quarter results, but not its full-year financials.

Stryker on Thursday also backed its full-year outlook.

Shares of Stryker fell 2% in late trading to $308.75.

Write to Paul Ziobro at paul.ziobro@wsj.com

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Outlook

net sales 8-9.5%

Adjusted EPS 14.90 to $15.10

(END) Dow Jones Newswires

April 30, 2026 16:41 ET (20:41 GMT)