Thermo Fisher Scientific will spend $5 billion to buy back its own shares after strong earnings last quarter.

Nov 6, 2026, 10:23 AM ETPayoutRead the original at Benzinga

Good for TMO

Thermo Fisher's adjusted profit beat estimates, sales rose 9%, and its board approved up to $5 billion in repurchases. The plan replaces an older authorization with $1 billion left, but stronger results and raised forecasts make the news favorable.

TMO · Thermo Fisher Scientific, Inc.

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The AI's read

The stronger sales and profit beat show that results exceeded analysts’ expectations. Thermo Fisher also raised its own 2026 forecasts. The new repurchase plan replaces an older authorization that still had $1 billion left, so not all of the $5 billion is newly available.

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