Smith & Nephew PLC

SN.: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Smith & Nephew Earnings: Weakness in First Half Could Linger in Second Half

Debbie S. Wang

Aug 7, 2026

Smith & Nephew delivered second-quarter results that featured underlying revenue growth of 2%. In the first half of 2026, earnings were up 3% year over year. Management trimmed its 2026 revenue outlook by 200 basis points.

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Smith & Nephew PLC

Smith & Nephew Earnings: Weakness in First Half Could Linger in Second Half

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