macro

Bayer lifts 2026 outlook as third-quarter sales rise on pharma growth

Bayer reported third-quarter sales up 4.1% and raised its 2026 EBITDA and free cash flow guidance, driven by its pharmaceuticals division.

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what happened

Germany-based life sciences group Bayer said third-quarter sales rose 4.1% year on year and adjusted EBITDA climbed 6.9%, Reuters reported. The pharmaceuticals division led the gains, helped by strong sales of Nubeqa and Kerendia, along with growth in radiology and Beyonttra.

Other divisions were mixed. Crop Science sales fell on regulatory effects and adverse weather across Europe, the Middle East, Africa and Asia-Pacific, while Consumer Health sales were flat.

why it matters

The key signal for markets is the higher guidance. Bayer now expects 2026 EBITDA before special items of EUR 9.8-10.3 billion and has improved its free cash flow forecast to between minus EUR 1.5 billion and minus EUR 0.5 billion. Core earnings per share fell, however, weighed by non-cash charges tied to interest rate changes, and the quarter ended with a net loss of EUR 672 million. Analysts on average rate the shares a buy.

market impact

Bayer shares: raised EBITDA guidance supports the stock, while the net loss and weak Crop Science limit gains

  • Bayer shares pressure up — raised EBITDA and cash flow guidance supports sentiment

tags

instruments

Bayer AGBayer sharesEuro Stoxx 600EUR/USD ↗

sources

  1. Germany's Bayer Q3 sales rise on growth in pharmaceuticals division, lifts outlook — Reuters, 3 November 2026 at 06:41 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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