Zimmer Biomet Holdings, Inc. ZBH

NYSE | Industrials | Orthopedic implants and robotic surgery
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Updated: 6 Sep 2026 Base analysis: 1 Aug 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

Existing position can be maintained pending the Q2 report for clearer direction.

Stable profitability, strong cash flows and raised guidance after the Q2 report support the continued HOLD signal.

Market sentiment Positive ↑
Trend: Improving

The market reacts positively to the earnings beat and raised guidance, with strengthened analyst consensus toward buy.

Risk assessment High
Dilution: Low Focus on buybacks rather than new share issuance
Jurisdiction: Low Primary operations in the US and Europe
Execution: Medium Ongoing sales force restructuring and integration work

HOLD is the call. Positive is the market mood. High risk means a lot can go wrong.

Latest change
  • 6 Sep 2026 — Report shows organic growth and earnings beat that support raised full-year guidance.

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About the company

Zimmer Biomet is a leading medical technology company that develops and sells orthopedic implants for knees, hips and extremities as well as robot-assisted surgical solutions such as the ROSA platform. The company holds a strong market position in orthopedics with recurring revenues from implants and surgical tools.

Sector: Orthopedic implants and robotic surgery
Type: Industrial
Next report (Q3)
5 Nov 2026
Catalysts
◐
Nov 2026
Q3 report High
○
Q4 2026
Monogram FDA approval Medium
Bull case

Raised full-year guidance and strong growth in technology and robotics segments support the stock.

Bear case

High leverage and weaker performance in certain international markets limit upside.

Sensitivity analysis
Factor If it weakens If it strengthens
ROSA robotics adoption Slower installations → lower growth in the surgical segment and weaker organic development. Faster adoption → higher robotics revenues and improved competitive position versus Stryker and J&J.
Monogram robotic platform Regulatory approval delays → postponed commercialization and reduced growth contribution. Early clearances → accelerated market penetration and improved product mix.
Why this signal

Stable profitability, strong cash flows and raised guidance after the Q2 report support the continued HOLD signal.

Recent news
  • Q2 2026 results showed revenue of USD 2.177 billion with 4.0 % organic growth. The company beat adjusted EPS estimates at USD 2.07 and raised full-year guidance. The board approved a quarterly dividend of USD 0.24 per share with record date 30 September. Mixed Reality navigation for shoulder arthroplasty is under clinical evaluation and a partnership with Grace College has been announced. The CEO reports that the sales force restructuring is progressing better than expected.

Key figures

Revenue
Q2 2026
USD 2.2B
Revenue TTM
TTM
USD 8.4B
EBITDA
Q2 2025
USD 500M
Net income
Q2 2026
USD 198M
Cash
as of
USD 410M
Total debt
as of
USD 7.5B
Shares outstanding
as of
RAW 191M
EPS
Q2 2026
USD 1.04
Exchange
NYSE
Type
Industrials
Sector
Orthopedic implants and robotic surgery
Zimmer Biomet Holdings, Inc. ZBH
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