Smith & Nephew: Q2 2026: Revenue miss drives FY revenue cut from 6% to 4%. Profit guidance reiterated on higher cost savings and tariff refunds

研报英文原文证据摘录

Smith & Nephew: Q2 2026: Revenue miss drives FY revenue cut from 6% to 4%. Profit guidance reiterated on higher cost savings and tariff refunds

verall investment analysis, views and/or recommendations of the subject

company(ies) that may be discussed in the material. Artificial intelligence tools may have been used in the preparation of this material, including

assisting in data analysis, pattern recognition, and content drafting for research material. J.P. Morgan accepts no liability whatsoever for any loss

arising from any use of this material or its contents, and neither J.P. Morgan nor any of its respective directors, officers or employees, shall be in

any way responsible for the contents hereof, apart from the liabilities and responsibilities that may be imposed on them by the relevant

regulatory authority in the jurisdiction in question, or the regulatory regime thereunder. Opinions, forecasts or projections contained in this

material represent J.P. Morgan's current opinions or judgment as of the date of the material only and are therefore subject to change without

notice. Periodic updates may be provided on companies/industries based on company-specific developments or announcements, market

conditions or any other publicly available information. There can be no assurance that future results or events will be consistent with any such

opinions, forecasts or projections, which represent only one possible outcome. Furthermore, such opinions, forecasts or projections are subject

to certain risks, uncertainties and assumptions that have not been verified, and future actual results or events could differ materially. The value

of, or income from, any investments referred to in this material may fluctuate and/or be affected by changes in exchange rates. All pricing is