• Smith & Nephew updated its 2026 outlook to reflect US reconstruction trading, forecasting approximately 3% underlying revenue growth.
• Trading profit is expected to reach approximately $1.25 billion, representing roughly 4% reported growth.
• Free cash flow is projected at approximately $750 million, reflecting strong cash conversion.
• Third-quarter revenue rose 3.4% on an underlying basis to $1.55 billion, accelerating from 1.6% growth in the second quarter.
• US knee revenue fell 7.3%, reflecting portfolio mix relative to market demand; US hip revenue declined 1%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smith & Nephew plc published the original content used to generate this news brief on November 12, 2026, and is solely responsible for the information contained therein.