Thermo Fisher Scientific(US:TMO) Xin Lang Cai Jing·2026-02-13 17:28Core Insights - The company reported a 7.2% year-over-year revenue growth and a 7.7% increase in adjusted earnings per share for Q4 2025, exceeding market expectations. However, it provided a conservative profit guidance for 2026, warning that cuts in U.S. academic research funding may continue to impact performance [1]. Financial Performance - The company is expected to achieve a revenue growth of 3.9% to 5.9% in 2026, with adjusted earnings per share growth projected between 5.9% and 8.4%. The long-term organic growth target remains at 3% to 6% [2]. Operational Developments - The company plans to gradually close its Franklin, Massachusetts facility, resulting in 103 job cuts, with completion aimed by the end of 2026. Additionally, the Asheville, North Carolina facility was shut down on January 15, 2026, leading to 421 layoffs, as part of a strategy to focus on high-margin businesses and relocate certain product lines [3]. Strategic Initiatives - In 2025, the company completed acquisitions of Solventum filtration business and Sanofi's sterile filling facility, and announced an $8.9 billion acquisition of Clario to enhance bioproduction capabilities and clinical research services. These acquisitions are expected to support domestic production demands and long-term growth [4]. Industry Environment - The policy of reduced research funding by the Trump administration may lead to continued low demand for equipment from academic and government clients. Although demand from pharmaceutical clients rebounded in Q4 2025, budget constraints remain a short-term challenge [5]. Business and Technological Advancements - During the fiscal year 2026 earnings meeting, management highlighted plans to launch new products such as the Astral Zoom mass spectrometer and utilize the PPI business system for cost control, aiming for annual profit margin expansion of 50 to 70 basis points. The company also plans to complete the integration of the Clario acquisition and advance the application of artificial intelligence in operations [6].