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Smith & Nephew Publishes Q3 2026 Trading Update Transcript

By Public Technologies
  • Smith & Nephew cut its 2026 underlying revenue growth forecast to approximately 3%, reflecting weak US knees and hips performance.
  • At the November 4 third-quarter trading update, CEO Deepak Nath and interim CFO Pierre Palassian reported 3.4% underlying revenue growth.
  • Full-year trading profit is now forecast at around USD 1.25 billion, with free cash flow of approximately USD 750 million.
  • Discussions with J&J over a DePuy Synthes combination have ended; management continues actively exploring the full range of strategic options for Orthopaedics.
  • LANDMARK's cemented knee version is expected in the second quarter of 2027, with meaningful commercial traction anticipated in the second half.


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