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For investors For media +1 858-221-3304 +1 619-510-1281 investorrelations@resmed.com news@resmed.com Resmed Inc. Announces Results for the Third Quarter of Fiscal Year 2026 Revenue increased by 11% to $1.4 billion; up 8%

Key Takeaway: Resmed Inc. reported its third-quarter fiscal results for 2026, showcasing a strong performance with an 11% revenue increase year-over-year, amounting to $1.4 billion. The company also highlighted a significant 21% rise in earnings per share, supported by improved gross margins. CEO Mick Farrell emphasized the company's strategic focus on advancing sleep and breathing health through innovative technologies. Additionally, Resmed declared a quarterly cash dividend of $0.60 per share for its investors.

Market Sentiment Analysis

POSITIVE FACTORS

  • 11% year-over-year revenue growth to $1.4 billion.
  • 21% increase in earnings per share underscoring profitable growth.
  • Consistent expansion in gross margins indicating improved efficiency.
  • Continued focus on scaling digital health capabilities and expanding access to care.

Full Press Release Details

For investors For media
+1 858-221-3304 +1 619-510-1281
investorrelations@resmed.com news@resmed.com
Resmed Inc. Announces Results for the Third Quarter of Fiscal Year 2026
Note: A webcast of Resmed's conference call will be available at 4:30 p.m. ET today at http://investor.resmed.com
SAN DIEGO, April 30, 2026 - Resmed Inc. (NYSE: RMD, ASX: RMD) today announced results for its quarter ended March 31, 2026.
"Our third quarter results reflect the continued strength of our global business, driven by ongoing demand for our market-leading products and disciplined
execution of our strategy," said Resmed's Chairman and CEO, Mick Farrell.
"Year-over-year, we delivered 11% reported revenue growth, 290 basis
points of non-GAAP gross margin expansion, and 21% increase in earnings per share. These results highlight the momentum behind our strategy, and the continued progress we are making in shaping the future of
sleep health, breathing health, and healthcare in the home.
As we advance through the remainder of our fiscal year 2026, we remain focused on expanding access to
care globally, scaling our digital health capabilities, and delivering further strong, profitable growth."
Financial Results and Operating Metrics
Unaudited; $ in millions, except for per share amounts
Three Months Ended
March 31, 2026 March 31, 2025 % Change Constant Currency (A)
Revenue $ 1,431.4 $ 1,291.7 11 % 8 %
Gross margin 62.2 % 59.3 % 5
Non-GAAP gross margin (B) 62.8 % 59.9 % 5
Selling, general, and administrative expenses 285.7 245.3 16 11
Non-GAAP selling, general, and administrative expenses (B) 279.8 245.3 14 9
Research and development expenses 94.3 83.9 12 8
Income from operations 499.8 426.3 17
Non-GAAP income from operations (B) 524.8 444.6 18
Net income 398.7 365.0 9
Non-GAAP net income (B) 417.2 348.5 20
Diluted earnings per share $ 2.74 $ 2.48 10
Non-GAAP diluted earnings per share (B) $ 2.86 $ 2.37 21
Nine Months Ended
March 31, 2026 March 31, 2025 % Change Constant Currency (A)
Revenue $ 4,189.8 $ 3,798.3 10 % 8 %
Gross margin 61.8 % 58.8 % 5
Non-GAAP gross margin (B) 62.4 % 59.4 % 5
Selling, general, and administrative expenses 823.2 725.9 13 10
Non-GAAP selling, general, and administrative expenses (B) 817.4 725.9 13 9
Research and development expenses 272.6 244.8 11 9
Income from operations 1,438.0 1,230.8 17
Non-GAAP income from operations (B) 1,524.1 1,286.9 18
Net income 1,139.9 1,021.0 12
Non-GAAP net income (B) 1,203.5 1,032.2 17
Diluted earnings per share $ 7.79 $ 6.93 12
Non-GAAP diluted earnings per share (B) $ 8.22 $ 7.00 17
Discussion of Third Quarter Results
All comparisons are to the prior year period unless otherwise noted
Other Business and Operational Highlights
RMD Third Quarter 2026 Earnings Press Release - April 30, 2026
Resmed board of directors today declared a quarterly cash dividend of $0.60 per share. The dividend will have a record date of May 14, 2026, payable on June 18, 2026. The dividend will be paid in U.S. currency to holders of Resmed's
common stock trading on the New York Stock Exchange. Holders of CHESS Depositary Interests ("CDIs") trading on the Australian Securities Exchange will receive an equivalent amount in Australian currency, based on the exchange rate on the
record date, and reflecting the 10:1 ratio between CDIs and NYSE shares. The ex-dividend date will be May 13, 2026, for common stockholders and for CDI holders. Resmed has received a waiver from
the ASX's settlement operating rules, which will allow Resmed to defer processing conversions between its common stock and CDI registers from May 13, 2026, through May 14, 2026, inclusive.
Resmed will discuss its third quarter fiscal year
2026 results on its webcast at 1:30 p.m. U.S. Pacific Time today. The live webcast of the call can be accessed on Resmed's Investor Relations website at investor.resmed.com. Please go to this section of the website and click on the icon
for the "Q3 2026 Earnings Webcast" to register and listen to the live webcast. A replay of the earnings webcast will be accessible on the website and available approximately two hours after the live webcast. In addition, a telephone
replay of the conference call will be available approximately three hours after the webcast by dialing +1 877-660-6853 (U.S.) or
+1 201-612-7415 (outside U.S.) and entering the passcode 13759381. The telephone replay will be available until May 14, 2026.
Resmed (NYSE: RMD, ASX: RMD) creates life-changing
health technologies that people love. We're relentlessly committed to pioneering innovative technology to empower millions of people in 140 countries to live happier, healthier lives. Our AI-powered
digital health solutions, cloud-connected devices and intelligent software make home healthcare more personalized, accessible and effective. Ultimately, Resmed envisions a world where every person can achieve their full potential through better
sleep and breathing, with care delivered in their own home. Learn more about how we're redefining sleep health at Resmed.com and follow @Resmed.
Statements contained in this release that are not historical facts are "forward-looking" statements as contemplated by the
Private Securities Litigation Reform Act of 1995. These forward-looking statements - including statements regarding Resmed's projections of future revenue or earnings, expenses, new product development, new product launches, new markets
for its products, the integration of acquisitions, our supply chain, domestic and international regulatory developments, litigation, tax outlook, and the expected impact of macroeconomic conditions of our business - are subject to risks and
uncertainties, which could cause actual results to materially differ from those projected or implied in the forward-looking statements. Additional risks and uncertainties are discussed in Resmed's periodic reports on file with the U.S.
Securities & Exchange Commission. Resmed does not undertake to update its forward-looking statements.
RMD Third Quarter 2026 Earnings Press Release - April 30, 2026
RESMED INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
thousands, except for per share amounts)
Three Months Ended Nine Months Ended
March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025
Net revenue $ 1,431,406 $ 1,291,736 $ 4,189,796 $ 3,798,334
Cost of sales 532,577 517,883 1,575,796 1,540,684
Amortization of acquired intangibles (1) 7,850 7,444 23,480 22,748
Total cost of sales $ 540,427 $ 525,327 $ 1,599,276 $ 1,563,432
Gross profit $ 890,979 $ 766,409 $ 2,590,520 $ 2,234,902
Selling, general, and administrative 279,797 245,302 817,387 725,894
Acquisition and portfolio review related expenses (1) 5,858 - 5,858 -
Total selling, general, and administrative 285,655 245,302 823,245 725,894
Research and development 94,267 83,944 272,560 244,840
Amortization of acquired intangibles (1) 11,247 10,895 34,967 33,345
Restructuring expenses (1) - - 21,745 -
Total operating expenses $ 391,169 $ 340,141 $ 1,152,517 $ 1,004,079
Income from operations $ 499,810 $ 426,268 $ 1,438,003 $ 1,230,823
Other income (expenses), net:
Interest (expense) income, net $ 12,287 $ 793 $ 29,029 $ (1,643 )
Gain (loss) attributable to equity method investments 1,718 335 4,722 2,375
Gain (loss) on equity investments (10,130 ) (5,647 ) (16,014 ) (7,765 )
Other, net (1,373 ) (4,056 ) (10,488 ) (4,277 )
Total other income (expenses), net 2,502 (8,575 ) 7,249 (11,310 )
Income before income taxes $ 502,312 $ 417,693 $ 1,445,252 $ 1,219,513
Income taxes 103,580 52,652 305,391 198,495
Net income $ 398,732 $ 365,041 $ 1,139,861 $ 1,021,018
Basic earnings per share $ 2.74 $ 2.49 $ 7.82 $ 6.96
Diluted earnings per share $ 2.74 $ 2.48 $ 7.79 $ 6.93
Non-GAAP diluted earnings per share (1) $ 2.86 $ 2.37 $ 8.22 $ 7.00
Basic shares outstanding 145,340 146,719 145,794 146,797
Diluted shares outstanding 145,723 147,220 146,369 147,432
RMD Third Quarter 2026 Earnings Press Release - April 30, 2026
RESMED INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(Unaudited; $ in thousands)
March 31, 2026 June 30, 2025
Assets
Current assets:
Cash and cash equivalents $ 1,660,513 $ 1,209,450
Accounts receivable, net 998,837 939,492
Inventories 911,876 927,711
Prepayments and other current assets 492,836 428,952
Total current assets $ 4,064,062 $ 3,505,605
Non-current assets:
Property, plant, and equipment, net $ 566,972 $ 550,790
Operating lease right-of-use assets 161,602 167,497
Goodwill and other intangibles, net 3,468,321 3,511,541
Deferred income taxes and other non-current assets 523,328 438,958
Total non-current assets $ 4,720,223 $ 4,668,786
Total assets $ 8,784,285 $ 8,174,391
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 273,301 $ 278,157
Accrued expenses 446,149 402,253
Operating lease liabilities, current 29,233 30,506
Deferred revenue 179,277 166,030
Income taxes payable 163,322 132,274
Short-term debt 259,928 9,900
Total current liabilities $ 1,351,210 $ 1,019,120
Non-current liabilities:
Deferred revenue $ 163,148 $ 156,803
Deferred income taxes 77,929 77,682
Operating lease liabilities, non-current 149,840 153,015
Other long-term liabilities 146,079 141,520
Long-term debt 404,168 658,392
Total non-current liabilities $ 941,164 $ 1,187,412
Total liabilities $ 2,292,374 $ 2,206,532
Stockholders' equity
Common stock $ 763 $ 761
Additional paid-in capital 2,134,231 2,033,599
Retained earnings 6,958,779 6,081,490
Treasury stock (2,576,957 ) (2,073,292 )
Accumulated other comprehensive income (24,905 ) (74,699 )
Total stockholders' equity $ 6,491,911 $ 5,967,859
Total liabilities and stockholders' equity $ 8,784,285 $ 8,174,391
RMD Third Quarter 2026 Earnings Press Release - April 30, 2026
RESMED INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
Three Months Ended Nine Months Ended
March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025
Cash flows from operating activities:
Net income $ 398,732 $ 365,041 $ 1,139,861 $ 1,021,018
Adjustment to reconcile net income to cash provided by operating activities:
Depreciation and amortization 58,981 43,675 156,564 134,845
Amortization of right-of-use assets 10,051 8,235 32,467 26,678
Stock-based compensation costs 26,792 24,120 76,890 66,910
(Gain) loss attributable to equity method investments, net of dividends received (1,718 ) (335 ) (4,722 ) (2,375 )
(Gain) loss on equity investments 10,130 5,647 16,014 7,765
Changes in operating assets and liabilities:
Accounts receivable, net (16,857 ) (40,033 ) (59,569 ) (71,469 )
Inventories, net 12,480 29,864 23,946 (48,032 )
Prepaid expenses, net deferred income taxes and other current assets (48,335 ) 79,357 (152,410 ) 35,612
Accounts payable, accrued expenses, income taxes payable and other 103,876 63,091 122,157 41,870
Net cash provided by (used in) operating activities $ 554,132 $ 578,662 $ 1,351,198 $ 1,212,822
Cash flows from investing activities:
Purchases of property, plant, and equipment (33,654 ) (20,796 ) (105,158 ) (59,280 )
Patent registration and acquisition costs (5,935 ) (2,992 ) (13,286 ) (7,584 )
Purchases of intangible assets - - (1,479 ) -
Business acquisitions, net of cash acquired (24,883 ) - (25,405 ) (670 )
Purchases of investments (20,132 ) (2,053 ) (26,536 ) (4,403 )
Proceeds from exits of investments 2,502 - 2,752 4,378
Proceeds (payments) on maturity of foreign currency contracts 24,074 (5,945 ) 7,564 1,227
Net cash provided by (used in) investing activities $ (58,028 ) $ (31,786 ) $ (161,548 ) $ (66,332 )
Cash flows from financing activities:
Proceeds from issuance of common stock, net 7,427 9,022 45,189 44,283
Purchases of treasury stock (175,013 ) (75,026 ) (500,037 ) (200,017 )
Taxes paid related to net share settlement of equity awards (418 ) (364 ) (21,445 ) (17,487 )
Payments of business combination contingent consideration - - - (855 )
Repayment of borrowings - - (5,000 ) (35,000 )
Dividends paid (87,238 ) (77,704 ) (262,572 ) (233,290 )
Net cash provided by (used in) financing activities $ (255,242 ) $ (144,072 ) $ (743,865 ) $ (442,366 )
Effect of exchange rate changes on cash $ 2,582 $ 7,963 $ 5,278 $ (9,774 )
Net increase (decrease) in cash and cash equivalents 243,444 410,767 451,063 694,350
Cash and cash equivalents at beginning of period 1,417,069 521,944 1,209,450 238,361
Cash and cash equivalents at end of period $ 1,660,513 $ 932,711 $ 1,660,513 $ 932,711
RMD Third Quarter 2026 Earnings Press Release - April 30, 2026
RESMED INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Financial Measures
(Unaudited; $ in thousands, except for per share amounts)
The measures "non-GAAP gross profit" and "non-GAAP gross margin" exclude amortization expense from acquired intangibles and are
Three Months Ended Nine Months Ended
March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025
Revenue $ 1,431,406 $ 1,291,736 $ 4,189,796 $ 3,798,334
GAAP cost of sales $ 540,427 $ 525,327 $ 1,599,276 $ 1,563,432
Less: Amortization of acquired intangibles (A) (7,850 ) (7,444 ) (23,480 ) (22,748 )
Non-GAAP cost of sales $ 532,577 $ 517,883 $ 1,575,796 $ 1,540,684
GAAP gross profit $ 890,979 $ 766,409 $ 2,590,520 $ 2,234,902
GAAP gross margin 62.2 % 59.3 % 61.8 % 58.8 %
Non-GAAP gross profit $ 898,829 $ 773,853 $ 2,614,000 $ 2,257,650
Non-GAAP gross margin 62.8 % 59.9 % 62.4 % 59.4 %
The measures "non-GAAP selling, general, and administrative expenses" and "non-GAAP selling, general, and administrative expenses as a percentage of revenues" exclude acquisition and portfolio review related expenses and are reconciled below:
Three Months Ended Nine Months Ended
March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025
Revenue $ 1,431,406 $ 1,291,736 $ 4,189,796 $ 3,798,334
GAAP selling, general, and administrative 285,655 245,302 823,245 725,894
Less: Acquisition and portfolio review related expenses (A) (5,858 ) - (5,858 ) -
Non-GAAP selling, general, and administrative 279,797 245,302 817,387 725,894
As a percentage of revenue:
GAAP selling, general, and administrative expenses 20.0 % 19.0 % 19.6 % 19.1 %
Non-GAAP selling, general, and administrative expenses 19.5 % 19.0 % 19.5 % 19.1 %
The measure "non-GAAP income from operations" is reconciled with GAAP
income from operations below:
Three Months Ended Nine Months Ended
March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025
GAAP income from operations $ 499,810 $ 426,268 $ 1,438,003 $ 1,230,823
Amortization of acquired intangibles-cost of sales (A) 7,850 7,444 23,480 22,748
Amortization of acquired intangibles-operating expenses (A ) 11,247 10,895 34,967 33,345
Restructuring (A) - - 21,745 -
Acquisition and portfolio review related expenses (A ) 5,858 - 5,858 -
Non-GAAP income from operations $ 524,765 $ 444,607 $ 1,524,053 $ 1,286,916
RMD Third Quarter 2026 Earnings Press Release - April 30, 2026
RESMED INC. AND SUBSIDIARIES
Reconciliation of Non-GAAP Financial Measures
(Unaudited; $ in thousands, except for per share amounts)
The measures "non-GAAP net income" and "non-GAAP diluted earnings per share" are reconciled with GAAP net income and GAAP diluted
earnings per share in the table below:
Three Months Ended Nine Months Ended
March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025
GAAP net income $ 398,732 $ 365,041 $ 1,139,861 $ 1,021,018
Amortization of acquired intangibles-cost of sales (A) 7,850 7,444 23,480 22,748
Amortization of acquired intangibles-operating expenses (A) 11,247 10,895 34,967 33,345
Restructuring expenses (A) - - 21,745 -
Acquisition and portfolio review related expenses (A) 5,858 - 5,858 -
Income tax effect of interest and penalties on income tax refunds (A) - (29,976 ) - (29,976 )
Income tax effect on non-GAAP adjustments (A) (6,519 ) (4,871 ) (22,394 ) (14,904 )
Non-GAAP net income (A) $ 417,168 $ 348,533 $ 1,203,517 $ 1,032,231
GAAP diluted shares outstanding 145,723 147,220 146,369 147,432
GAAP diluted earnings per share $ 2.74 $ 2.48 $ 7.79 $ 6.93
Non-GAAP diluted earnings per share (A) $ 2.86 $ 2.37 $ 8.22 $ 7.00
Resmed believes that non-GAAP diluted earnings per share is an additional measure of performance that
investors can use to compare operating results between reporting periods. Resmed uses non-GAAP information internally in planning, forecasting, and evaluating the results of operations in the current
period and in comparing it to past periods. Resmed believes this information provides investors better insight when evaluating Resmed's performance from core operations and provides consistent financial reporting. The use of non-GAAP measures is intended to supplement, and not to replace, the presentation of net income and other GAAP measures. Like
all non-GAAP measures, non-GAAP earnings are subject to inherent limitations because they do not include all the expenses that must be included under
RMD Third Quarter 2026 Earnings Press Release - April 30, 2026
RESMED INC. AND SUBSIDIARIES
Revenue by Product and Region
(Unaudited; $ in millions, except for per
Three Months Ended
March 31, 2026 (A) March 31, 2025 (A) % Change Constant Currency (B)
U.S., Canada, and Latin America
Devices $ 447.5 $ 422.7 6 %
Masks and other 371.2 326.7 14
Total U.S., Canada and Latin America $ 818.7 $ 749.3 9
Combined Europe, Asia, and other markets
Devices $ 288.2 $ 253.5 14 % 6 %
Masks and other 153.6 127.7 20 10
Total Combined Europe, Asia and other markets $ 441.8 $ 381.3 16 7
Global revenue
Total Devices $ 735.7 $ 676.2 9 % 6 %
Total Masks and other 524.8 454.4 15 12
Total Sleep and Breathing Health $ 1,260.5 $ 1,130.6 11 8
Residential Care Software 170.9 161.2 6 4
Total $ 1,431.4 $ 1,291.7 11 8
Nine Months Ended
March 31, 2026 (A) March 31, 2025 (A) % Change Constant Currency (B)
U.S., Canada, and Latin America
Devices $ 1,309.0 $ 1,221.6 7 %
Masks and other 1,119.5 983.9 14
Total U.S., Canada and Latin America $ 2,428.5 $ 2,205.6 10
Combined Europe, Asia, and other markets
Devices $ 833.3 $ 749.6 11 % 6 %
Masks and other 424.2 368.7 15 7
Total Combined Europe, Asia and other markets $ 1,257.4 $ 1,118.3 12 6
Global revenue
Total Devices $ 2,142.3 $ 1,971.3 9 % 7 %
Total Masks and other 1,543.6 1,352.6 14 12
Total Sleep and Breathing Health $ 3,685.9 $ 3,323.9 11 9
Residential Care Software 503.9 474.4 6 4
Total $ 4,189.8 $ 3,798.3 10 8

Frequently Asked Questions

What are Resmed's Q3 FY 2026 revenue results?

Resmed reported $1.431 billion in revenue for Q3 FY 2026, an 11% increase.

How much did Resmed's earnings per share increase?

Earnings per share rose by 21%, reaching $2.86 on a non-GAAP basis.

When is Resmed's next dividend record date?

The record date for Resmed's quarterly cash dividend is May 14, 2026.

What was Resmed's net income for Q3 FY 2026?

Net income for Q3 FY 2026 was $398.7 million, a 9% year-over-year increase.

How can I access Resmed's earnings webcast?

The webcast can be accessed live at Resmed's Investor Relations website.

Last updated: Apr 30, 2026