Becton Dickinson (BDX) Q2 FY26 earnings call

BD framed the quarter as proof the New BD strategy compounds broadly — scaled growth platforms outpacing a portfolio where roughly 90% grows mid-single digits while three known headwinds stay contained under 10% of revenue. With the stock viewed as undervalued, management is prioritizing repurchases over M&A and leaned on BD Excellence productivity to lift full-year earnings despite tariff and input-cost pressure and a near-term ship-hold overhang.