Thermo Fisher Scientific Inc. (TMO) results explained: sales up 9%

Quantooo Lab · 2026-10-21

What happened?

Thermo Fisher Scientific Inc. (TMO) reported results on 21 Oct, covering the 9 months to 26 Sep.

The numbers in plain words

Sales were up 8.6% compared with the same period a year earlier. Out of every 100 of sales, about 18 was left after running costs (operating margin 17.7%), higher than a year earlier (17.0%). The company is funded more by borrowing than a year ago (52% of assets vs 50%).

Source: the company's 10-Q filed 2026-10-30.

How did the share price react?

Since the results, the share price has moved −0.69% (to the close of 2 Nov), while the S&P 500 moved −2.20%.

What changed in our score?

Our score went from 51 to 61 out of 100; the fundamentals part went from 39 to 43. Every step of the calculation: TMO stock page.

How bumpy could the next month be?

Our volatility model expects the next month to be bumpier than usual for TMO (28% a year vs a normal 27%).

What does it mean?

Results describe the past few months. They don't tell you where the price goes next, and our own tests found our scores don't reliably predict that either.

Educational, not investment advice.