Merck KGaA Raises 2026 Outlook After Strong Q2 Led by Life Science and Electronics

EarningsM&A · Partnership Impact 4
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Merck KGaA raised its full-year 2026 guidance after reporting accelerating organic sales and earnings growth in the second quarter, driven by its Life Science and Electronics segments. Group organic sales rose 4.1 percent, while EBITDA pre increased 9.3 percent organically to 1.6 billion euros. The company now expects 2026 organic sales growth of 1 to 3 percent, EBITDA pre of 5.9 to 6.3 billion euros, and EPS pre of 7.90 to 8.60 euros. Life Science organic sales grew 8 percent, led by a 15 percent increase in Process Solutions, and Electronics organic sales jumped 11.7 percent on strong semiconductor demand for AI and data-center applications. Healthcare organic sales declined 3.4 percent due to U.S. competition and the loss of Mavenclad exclusivity, though rare-disease products contributed positively. Merck also confirmed it remains on track to acquire Bio-Techne by the end of 2026 or early 2027, expecting about 140 million euros in annual cost synergies by the third year after closing.

Impact on stocks 3

Biotech & Genomic Medicine · 2 stocks
Bio-Techne Corp
TECH
▲ PositiveCapitalrelevance

Acquisition by Merck KGaA confirmed on track with synergies.

Critical Materials & Supply Chain · 1 stocks
Merck KGaA
MRK
▲ PositiveCapitalrelevance

Raised 2026 guidance after strong Q2 results.

Theme Impact 5

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