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Threat Intel

Stryker held its guidance after a quarter it would rather forget

MedDevice Cyber Staff · May 1 · 3 min read · Via MedTech Dive: Q1 earnings

The March 11 attack reached deep into daily operations, and the first-quarter numbers show it. Sales came in at $6 billion, up 2.6 percent, with orthopedics roughly flat. CEO Kevin Lobo told analysts the incident had a big impact and touched each business differently. RBC estimated the organic sales miss at roughly $317 million.

The recovery detail tells you the scale. Stryker wiped and rebuilt about 40,000 laptops, restored operations in the first week of April, and expects to claw back volume through the second quarter and the rest of the year. Some surgical procedures were lost outright, which for an orthopedics company means cases that went to someone else’s implant.

Guidance held at 8 to 9.5 percent organic growth and $14.90 to $15.10 in adjusted EPS. A company this size can absorb a bad month. The disclosure that matters for everyone smaller is how long a full recovery takes even with that balance sheet.

Sources

Questions & Answers

How much did the cyberattack cost Stryker in Q1 2026?

Sales grew 2.6 percent to $6 billion with orthopedics roughly flat, and RBC estimated the organic sales miss at roughly $317 million. Some surgical procedures were lost outright.

How did Stryker recover operations after the attack?

It wiped and rebuilt about 40,000 laptops and restored operations in the first week of April, expecting to claw back volume through the year. Full-year guidance held at 8 to 9.5 percent organic growth and $14.90 to $15.10 adjusted EPS.

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Stryker held its guidance after a quarter it would rather forget

Questions & Answers

How much did the cyberattack cost Stryker in Q1 2026?

How did Stryker recover operations after the attack?

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