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Smith & Nephew lowers revenue growth forecast after weak US sales in Q2

Company Fundamentals
04 Aug 2026
Proactive Investors
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Bearish
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Smith & Nephew cut its full-year revenue growth forecast to around 4% from 6% due to weaker-than-expected sales in its US orthopaedics and wound care segments during Q2. Despite a 2.8% revenue rise to $1.6 billion, underlying growth was only 1.6%, impacted by challenges in US hip and knee implants and softer wound care sales. The company maintained guidance for trading profit, free cash flow, and return on invested capital, expecting revenue growth to pick up in the second half with new product launches and an extra trading day. It also identified additional cost savings, raising its total 2026 savings target to $200 million and increased its interim dividend by 4%.

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