# THERMO FISHER SCIENTIFIC INC. (TMO) FY2026 Q2 P&L / Income Statement

- Company: THERMO FISHER SCIENTIFIC INC. (TMO)
- Period: 2026-03-29 to 2026-06-27
- Filing: Q2 FY2026 10-Q, filed 2026-07-31, accession number 0000097745-26-000144
- Page: https://plicit.ai/financials/tmo/fy2026-q2-income-statement
- Chart image: https://plicit.ai/charts/tmo-fy2026-q2-income-statement-sankey.png

## Chart details: Revenue by Product and Service (3 categories)

Income statement for 2026-03-29 through 2026-06-27. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 11,994,000,000 US dollars
- **Cost of revenue (calculated)**: 7,112,000,000 US dollars
- **Gross profit (calculated)**: 4,882,000,000 US dollars
- **Operating expenses (calculated)**: 2,795,000,000 US dollars
- **Operating income**: 2,087,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 163,000,000 US dollars
- **Income before income taxes**: 1,924,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 167,000,000 US dollars
- **Net income**: 1,741,000,000 US dollars
- **Services**: 5,171,000,000 US dollars
- **Consumables**: 5,073,000,000 US dollars
- **Instruments**: 1,750,000,000 US dollars
- **Cost of revenues**: 7,112,000,000 US dollars
- **Selling, general and administrative expenses**: 2,333,000,000 US dollars
- **Research and development expenses**: 364,000,000 US dollars
- **Restructuring and other costs**: 98,000,000 US dollars
- **Equity in earnings/(losses) of unconsolidated entities**: negative 15,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $1.74 B; to noncontrolling interests: $5.00 M.
- The amounts that make up net income come to $1,742.00 M and net income is $1,741.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/tmo/fy2026-q2-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/tmo-fy2026-q2-revenue-by-business-segment-sankey.png

Income statement for 2026-03-29 through 2026-06-27. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 11,994,000,000 US dollars
- **Cost of revenue (calculated)**: 7,112,000,000 US dollars
- **Gross profit (calculated)**: 4,882,000,000 US dollars
- **Operating expenses (calculated)**: 2,795,000,000 US dollars
- **Operating income**: 2,087,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 163,000,000 US dollars
- **Income before income taxes**: 1,924,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 167,000,000 US dollars
- **Net income**: 1,741,000,000 US dollars
- **Life Sciences Solutions**: 2,355,000,000 US dollars
- **Analytical Instruments**: 1,799,000,000 US dollars
- **Specialty Diagnostics**: 1,188,000,000 US dollars
- **Laboratory Products and Biopharma Services**: 6,652,000,000 US dollars
- **Cost of revenues**: 7,112,000,000 US dollars
- **Selling, general and administrative expenses**: 2,333,000,000 US dollars
- **Research and development expenses**: 364,000,000 US dollars
- **Restructuring and other costs**: 98,000,000 US dollars
- **Equity in earnings/(losses) of unconsolidated entities**: negative 15,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $1.74 B; to noncontrolling interests: $5.00 M.
- The amounts that make up net income come to $1,742.00 M and net income is $1,741.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Product and Service (2 categories)

- Page: https://plicit.ai/financials/tmo/fy2026-q2-income-statement/revenue-by-product-and-service-2-categories
- Chart image: https://plicit.ai/charts/tmo-fy2026-q2-revenue-by-product-and-service-2-categories-sankey.png

Income statement for 2026-03-29 through 2026-06-27. View: Product and service (2 categories). Revenue and costs use their disclosed categories.

- **Total revenues**: 11,994,000,000 US dollars
- **Cost of revenue (calculated)**: 7,112,000,000 US dollars
- **Gross profit (calculated)**: 4,882,000,000 US dollars
- **Operating expenses (calculated)**: 2,795,000,000 US dollars
- **Operating income**: 2,087,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 163,000,000 US dollars
- **Income before income taxes**: 1,924,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 167,000,000 US dollars
- **Net income**: 1,741,000,000 US dollars
- **Product revenues revenue**: 6,823,000,000 US dollars
- **Service revenues revenue**: 5,171,000,000 US dollars
- **Product revenues cost of revenue**: 3,462,000,000 US dollars
- **Service revenues cost of revenue**: 3,650,000,000 US dollars
- **Selling, general and administrative expenses**: 2,333,000,000 US dollars
- **Research and development expenses**: 364,000,000 US dollars
- **Restructuring and other costs**: 98,000,000 US dollars
- **Equity in earnings/(losses) of unconsolidated entities**: negative 15,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $1.74 B; to noncontrolling interests: $5.00 M.
- The amounts that make up net income come to $1,742.00 M and net income is $1,741.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/tmo/fy2026-q2-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/tmo-fy2026-q2-revenue-by-geography-sankey.png

Income statement for 2026-03-29 through 2026-06-27. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 11,994,000,000 US dollars
- **Cost of revenue (calculated)**: 7,112,000,000 US dollars
- **Gross profit (calculated)**: 4,882,000,000 US dollars
- **Operating expenses (calculated)**: 2,795,000,000 US dollars
- **Operating income**: 2,087,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 163,000,000 US dollars
- **Income before income taxes**: 1,924,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 167,000,000 US dollars
- **Net income**: 1,741,000,000 US dollars
- **North America**: 6,149,000,000 US dollars
- **Europe**: 3,311,000,000 US dollars
- **Asia-Pacific**: 2,104,000,000 US dollars
- **Other regions**: 430,000,000 US dollars
- **Cost of revenues**: 7,112,000,000 US dollars
- **Selling, general and administrative expenses**: 2,333,000,000 US dollars
- **Research and development expenses**: 364,000,000 US dollars
- **Restructuring and other costs**: 98,000,000 US dollars
- **Equity in earnings/(losses) of unconsolidated entities**: negative 15,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $1.74 B; to noncontrolling interests: $5.00 M.
- The amounts that make up net income come to $1,742.00 M and net income is $1,741.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Business Segment by Subsegment Eliminations

- Page: https://plicit.ai/financials/tmo/fy2026-q2-income-statement/revenue-by-business-segment-by-subsegment-eliminations
- Chart image: https://plicit.ai/charts/tmo-fy2026-q2-revenue-by-business-segment-by-subsegment-eliminations-sankey.png

Income statement for 2026-03-29 through 2026-06-27. View: Segments by Subsegments Consolidation Items. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 11,994,000,000 US dollars
- **Cost of revenue (calculated)**: 7,112,000,000 US dollars
- **Gross profit (calculated)**: 4,882,000,000 US dollars
- **Operating expenses (calculated)**: 2,795,000,000 US dollars
- **Operating income**: 2,087,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 163,000,000 US dollars
- **Income before income taxes**: 1,924,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 167,000,000 US dollars
- **Net income**: 1,741,000,000 US dollars
- **Analytical Instruments**: 1,847,000,000 US dollars
- **Life Sciences Solutions**: 2,815,000,000 US dollars
- **Undisclosed (calculated)**: 7,647,000,000 US dollars
- **Cost of revenues**: 7,112,000,000 US dollars
- **Selling, general and administrative expenses**: 2,333,000,000 US dollars
- **Research and development expenses**: 364,000,000 US dollars
- **Restructuring and other costs**: 98,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 12,309,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Laboratory Products and Biopharma Services - Intersubsegment Eliminations**: negative 240,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Specialty Diagnostics - Intersubsegment Eliminations**: negative 75,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 15,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $1.74 B; to noncontrolling interests: $5.00 M.
- The amounts that make up net income come to $1,742.00 M and net income is $1,741.00 M; the $1.00 M difference is within the rounding of the filed amounts.