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Form 8-K

sec.gov

8-K — JOHNSON & JOHNSON

Accession: 0000200406-26-000076

Filed: 2026-04-14

Period: 2026-04-14

CIK: 0000200406

SIC: 2834 (PHARMACEUTICAL PREPARATIONS)

Item: Results of Operations and Financial Condition

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — jnj-20260414.htm (Primary)

EX-99.1 (a2026q1exhibit991.htm)

EX-99.2 (a2026q1exhibit992.htm)

EX-99.3 (a2026q1exhibit993.htm)

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8-K

8-K (Primary)

Filename: jnj-20260414.htm · Sequence: 1

jnj-20260414

0000200406false00002004062026-04-142026-04-140000200406us-gaap:CommonStockMember2026-04-142026-04-140000200406jnj:A1.150NotesDueNovember2028Member2026-04-142026-04-140000200406jnj:A2.700NotesDueFebruary2029Member2026-04-142026-04-140000200406jnj:A3.20NotesDueJune2032Member2026-04-142026-04-140000200406jnj:A3.050NotesDueFebruary2033Member2026-04-142026-04-140000200406jnj:A1.650NotesDueMay2035Member2026-04-142026-04-140000200406jnj:A3.350NotesDueJune2036Member2026-04-142026-04-140000200406jnj:A3.350NotesDueFebruary2037Member2026-04-142026-04-140000200406jnj:A3.550NotesDueJune2044Member2026-04-142026-04-140000200406jnj:A3.600NotesDueFebruary2045Member2026-04-142026-04-140000200406jnj:A3.700NotesDueFebruary2055Member2026-04-142026-04-14

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The

Securities Exchange Act of 1934

Date of report (Date of earliest event reported):

April 14, 2026

Johnson & Johnson

(Exact name of registrant as specified in its charter)

New Jersey

1-3215

22-1024240

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

One Johnson & Johnson Plaza, New Brunswick, New Jersey  08933

(Address of Principal Executive Offices)

(Zip Code)

Registrant's telephone number, including area code:

732-524-0400

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, Par Value $1.00

JNJ

New York Stock Exchange

1.150% Notes Due November 2028

JNJ28

New York Stock Exchange

2.700% Notes Due February 2029

JNJ29B

New York Stock Exchange

3.200% Notes Due June 2032

JNJ32

New York Stock Exchange

3.050% Notes Due February 2033

JNJ33B

New York Stock Exchange

1.650% Notes Due May 2035

JNJ35

New York Stock Exchange

3.350% Notes Due June 2036

JNJ36A

New York Stock Exchange

3.350% Notes Due February 2037

JNJ37B

New York Stock Exchange

3.550% Notes Due June 2044

JNJ44

New York Stock Exchange

3.600% Notes Due February 2045

JNJ45

New York Stock Exchange

3.700% Notes Due February 2055

JNJ55

New York Stock Exchange

Item 2.02 Results of operations and financial condition

On April 14, 2026, Johnson & Johnson issued the attached press release (Exhibit 99.1) announcing its sales and earnings for the first quarter ended March 29, 2026.

Item 8.01 Other Events

On April 14, 2026, Johnson & Johnson issued the attached press release (Exhibit 99.3) announcing that its Board of Directors declared a 3.1% increase in the quarterly dividend, from $1.30 per share to $1.34 per share, marking the 64th year of consecutive increases. At the new rate, the indicated dividend on an annual basis is $5.36 per share compared to the previous rate of $5.20 per share. The next quarterly dividend is payable on June 9, 2026 to shareholders of record at the close of business on May 26, 2026. The ex-dividend date is May 26, 2026.

Item 9.01 Financial statements and exhibits

(d)    Exhibits.

Exhibit No. Description of Exhibit

99.1

Press Release dated April 14, 2026 for the period ended March 29, 2026

99.2

Unaudited Comparative Supplementary Sales Data and Condensed Consolidated Statement of Earnings for the fiscal first quarter

99.3

Press Release dated April 14, 2026

104

The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 14, 2026

JOHNSON & JOHNSON

(Registrant)

By:

/s/ Robert J. Decker, Jr.

Robert J. Decker, Jr.

Controller

(Principal Accounting Officer)

EX-99.1

EX-99.1

Filename: a2026q1exhibit991.htm · Sequence: 2

Document

Exhibit 99.1

Media contact:

media-relations@its.jnj.com

Investor contact:

investor-relations@its.jnj.com

For immediate release

Johnson & Johnson reports Q1 2026 results, raises 2026 outlook

•2026 First-Quarter reported sales growth of 9.9% to $24.1 Billion with operational growth of 6.4%* and adjusted operational growth of 5.3%*

•2026 First-Quarter earnings per share (EPS) of $2.14 and adjusted EPS of $2.70

•Company increases 2026 guidance with estimated reported sales of $100.8 Billion or 7.0% at the midpoint, and adjusted EPS4 of $11.55 or 7.1% at the midpoint

•Solidifying path to double-digit growth by the end of the decade, with significant progress for patients with the approvals of ICOTYDE the first-and-only targeted oral peptide for plaque psoriasis, TECVAYLI plus DARZALEX FASPRO as early as second line for patients with relapsed/refractory multiple myeloma, VARIPULSE Pro in Europe with a new pulse sequence that is now 5 times faster, and TECNIS PureSee Intraocular Lens for U.S. Cataract Patients

•Company announces planned Enterprise Business Review for December 8, 2026

New Brunswick, N.J. (April 14, 2026) – Johnson & Johnson (NYSE: JNJ) today announced results for first-quarter 2026. “Johnson & Johnson had a strong start to 2026 and is delivering on its promise for a year of accelerated growth and impact,” said Joaquin Duato, Chairman and Chief Executive Officer, Johnson & Johnson. “The depth and strength of our portfolio and pipeline is unrivaled and our relentless focus on innovation delivered multiple game-changing approvals this quarter, including ICOTYDE in the U.S. for moderate to severe plaque psoriasis and VARIPULSE Pro in Europe. These advancements have the potential to transform patient outcomes and create sustainable, long-term value for shareholders.”

Overall financial results

Q1

($ in Millions, except EPS)

2026

2025

% Change

Reported Sales

$24,062

$21,893

9.9%

Net Earnings

$5,235

$10,999

-52.4%

EPS (diluted)

$2.14

$4.54

-52.9%

Q1

Non-GAAP* ($ in Millions, except EPS)

2026

2025

% Change

Operational Sales1,2

6.4%

Adjusted Operational Sales1,3

5.3%

Adjusted Net Earnings1,4

$6,614

$6,706

-1.4%

Adjusted EPS (diluted)1,4

$2.70

$2.77

-2.5%

Free Cash Flow5,6

~$1,500

$3,379

1Non-GAAP financial measure; refer to reconciliations of non-GAAP financial measures included in accompanying schedules

2Excludes the impact of translational currency

3Excludes the net impact of acquisitions and divestitures and translational currency

4Excludes intangible amortization expense and special items

5Non-GAAP measure; defined as cash flow from operating activities, less additions to property, plant and equipment. Cash flow from operations, the most directly comparable GAAP financial measure, will be included in subsequent SEC filings.

6First-quarter 2026 is estimated as of April 14, 2026

Note: values may have been rounded

Regional sales results

Q1

% Change

($ in Millions)

2026

2025

Reported

Operational1,2

Currency

Adjusted

Operational1,3

U.S.

$13,330

$12,305

8.3%

8.3

-

6.2

International

10,732

9,588

11.9

3.9

8.0

4.0

Worldwide

$24,062

$21,893

9.9%

6.4

3.5

5.3

1Non-GAAP financial measure; refer to reconciliations of non-GAAP financial measures included in accompanying schedules

2Excludes the impact of translational currency

3Excludes the net impact of acquisitions and divestitures and translational currency

Note: values may have been rounded

Segment sales results

Q1

% Change

($ in Millions)

2026

2025

Reported

Operational1,2

Currency

Adjusted

Operational1,3

Innovative Medicine

$15,426

$13,873

11.2%

7.4

3.8

5.6

MedTech

8,636

8,020

7.7

4.6

3.1

4.7

Worldwide

$24,062

$21,893

9.9%

6.4

3.5

5.3

1Non-GAAP financial measure; refer to reconciliations of non-GAAP financial measures included in accompanying schedules

2Excludes the impact of translational currency

3Excludes the net impact of acquisitions and divestitures and translational currency

Note: values may have been rounded

First-Quarter 2026 segment commentary:

Operational sales* reflected below excludes the impact of translational currency.

Innovative Medicine

Innovative Medicine worldwide operational sales grew 7.4%*, with net acquisitions and divestitures positively impacting growth by 1.8% primarily due to CAPLYTA. Growth was driven primarily by DARZALEX, CARVYKTI, ERLEADA, and RYBREVANT/LAZCLUZE in Oncology, TREMFYA in Immunology, and SPRAVATO in Neuroscience. Growth was partially offset by an approximate (920) basis points impact from STELARA in Immunology, as well as IMBRUVICA in Oncology.

MedTech

MedTech worldwide operational sales grew 4.6%*, with divestitures negatively impacting growth by 0.1%. Growth was driven primarily by electrophysiology products, Abiomed, and Shockwave in Cardiovascular, as well as trauma in Orthopaedics.

Full-year 2026 guidance:

Johnson & Johnson does not provide GAAP financial measures on a forward-looking basis because the company is unable to predict with reasonable certainty the ultimate outcome of legal proceedings, unusual gains and losses, acquisition-related expenses, and purchase accounting fair value adjustments without unreasonable effort. These items are uncertain, depend on various factors, and could be material to Johnson & Johnson's results computed in accordance with GAAP.

($ in Billions, except EPS)

April 2026

January 2026

Adjusted Operational Sales1,2

Change vs. Prior Year / Mid-point

5.6% – 6.6% / 6.1%

5.4% – 6.4% / 5.9%

Operational Sales2 / Mid-point

Change vs. Prior Year / Mid-point

$99.7B – $100.7B / $100.2B

5.9% – 6.9% / 6.4%

$99.5B – $100.5B / $100.0B

5.7% – 6.7% / 6.2%

Estimated Reported Sales3/ Mid-point

Change vs. Prior Year / Mid-point

$100.3B – $101.3B / $100.8B

6.5% – 7.5% / 7.0%

$100.0B – $101.0B / $100.5B

6.2% – 7.2% / 6.7%

Adjusted Operational EPS (Diluted)2,4 / Mid-point

Change vs. Prior Year / Mid-point

$11.30 – $11.50 / $11.40

4.7% – 6.7% / 5.7%

$11.28 – $11.48 / $11.38

4.5% – 6.5% / 5.5%

Adjusted EPS (Diluted)3,4 / Mid-point

Change vs. Prior Year / Mid-point

$11.45 – $11.65 / $11.55

6.1% – 8.1% / 7.1%

$11.43 – $11.63 / $11.53

5.9% – 7.9% / 6.9%

1Non-GAAP financial measure; excludes the net impact of acquisitions and divestitures

2Non-GAAP financial measure; excludes the impact of translational currency

3Calculated using Euro Average Rate: April 2026 = $1.17 and January 2026 = $1.17 (Illustrative purposes only)

4Non-GAAP financial measure; excludes intangible amortization expense and special items

Note: percentages may have been rounded

Other modeling considerations will be provided on the webcast.

Notable announcements in the quarter:

The information contained in this section should be read together with Johnson & Johnson’s other disclosures filed with the Securities and Exchange Commission, including its Current Reports on Form 8-K, Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Copies of these filings are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. The reader is also encouraged to review all other news releases and information available in the Investor Relations section of the company’s website at Investor News, as well as Innovative Medicine Newsroom, MedTech News & Events, and www.factsabouttalc.com.

Regulatory

Johnson & Johnson Announces FDA Approval of TECNIS PureSee Intraocular Lens, a Breakthrough Solution for U.S. Cataract Patients

Press Release

Johnson & Johnson Announces U.S. FDA Approval of TECVAYLI plus DARZALEX FASPRO for Relapsed/Refractory Multiple Myeloma, Offering a Potential New Standard of Care as Early as Second Line

Press Release

Johnson & Johnson therapy nipocalimab granted U.S. FDA Fast Track designation in systemic lupus erythematosus (SLE)

Press Release

Johnson & Johnson seeks FDA approval of IMAAVY (nipocalimab-aahu) as the first-ever FDA-approved treatment for warm autoimmune hemolytic anemia (wAIHA)

Press Release

RYBREVANT FASPRO (amivantamab and hyaluronidase-lpuj) receives U.S. FDA Breakthrough Therapy Designation for patients with advanced head and neck cancer

Press Release

FDA approves RYBREVANT FASPRO (amivantamab and hyaluronidase-lpuj) as the only EGFR-targeted therapy that can be administered once a month

Press Release

DARZALEX FASPRO-based quadruplet regimen approved in the U.S. for newly diagnosed patients with multiple myeloma who are transplant ineligible

Press Release

Data Releases

Johnson & Johnson Highlights Favorable 12-Month Interim Results for the VARIPULSE Platform at EHRA 20261

Press Release

Johnson & Johnson Showcases New Clinical Data for TECNIS PureSee IOL at ASCRS 2026 Demonstrating Excellent Contrast Sensitivity and Extended Range of Vision1

Press Release

STEMI DTU Randomized Control Trial Demonstrates for the First Time that a Combination of Delayed Reperfusion and Left Ventricular Unloading Does Not Increase Myocardial Infarct Size

Press Release

ICOTYDE (icotrokinra) one-year results confirm lasting skin clearance and favorable safety profile in once‑daily pill for plaque psoriasis

Press Release

Johnson & Johnson highlights promising first-in-human Erda-iDRS (formerly TAR-210) results in intermediate-risk non-muscle-invasive bladder cancer

Press Release

Early study results from Johnson & Johnson show promising antitumor activity with combination of pasritamig and docetaxel in advanced prostate cancer

Press Release

TREMFYA (guselkumab) long-term data show sustained clinical and endoscopic remission in ulcerative colitis through 3 years

Press Release

RYBREVANT FASPRO (amivantamab and hyaluronidase-lpuj) plus immunotherapy shows strong clinical benefit with 56 percent overall response rate in first-line recurrent or metastatic head and neck cancer

Press Release

Johnson & Johnson Presents Early Outcomes from the OMNY-AF Pilot Study at 2026 AF Symposium

Press Release

Real-world head-to-head analysis shows 51% reduction in risk of death for patients with metastatic castration-sensitive prostate cancer treated with ERLEADA (apalutamide) versus darolutamide without docetaxel through 24 months

Press Release

Product Launch

Johnson & Johnson Advances Pulsed Field Ablation Portfolio with the Launch of VARIPULSE Pro in Europe1

Press Release

FDA approval of ICOTYDE (icotrokinra) ushers in new era for first-line systemic treatment of plaque psoriasis with a targeted oral peptide

Press Release

Other

Johnson & Johnson Expands U.S. Footprint with more than $1 Billion Investment in Next Generation Cell Therapy Manufacturing Facility in Pennsylvania

Press Release

1Subsequent to the quarter

Webcast information:

Johnson & Johnson will conduct a conference call with investors to discuss this earnings release today at 8:30 a.m., Eastern Time. A simultaneous webcast of the call for investors and other interested parties may be accessed by visiting the Johnson & Johnson website. A replay and podcast will be available approximately two hours after the live webcast in the Investor Relations section of the company's website at events-and-presentations.

About Johnson & Johnson:

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at www.jnj.com.

Non-GAAP financial measures:

* “Operational sales growth” excluding the impact of translational currency, “adjusted operational sales growth” excluding the net impact of acquisitions and divestitures and translational currency, as well as “adjusted net earnings”, “adjusted diluted earnings per share” and “adjusted operational diluted earnings per share” excluding after-tax intangible amortization expense and special items, are non-GAAP financial measures and should not be considered replacements for, and should be read together with, the most comparable GAAP financial measures. Except for guidance measures, reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the accompanying financial schedules of the earnings release and the Investor Relations section of the company's website at quarterly results.

Copies of the financial schedules accompanying this earnings release are available on the company’s website at quarterly results. These schedules include supplementary sales data, a condensed consolidated statement of earnings, reconciliations of non-GAAP financial measures, and sales of key products/franchises. Additional information on Johnson & Johnson, including adjusted income before tax by segment, an Innovative Medicine pipeline of selected compounds in late stage development and a copy of today’s earnings call presentation can also be found in the Investor Relations section of the company's website at quarterly results.

Note to investors concerning forward-looking statements:

This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things: future operating and financial performance, product development, and market position and business strategy. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Johnson & Johnson. Risks and uncertainties include, but are not limited to: economic factors, such as interest rate and currency exchange rate fluctuations or changes to applicable laws and regulations; competition, including technological advances, new products and patents attained by competitors; challenges inherent in new product research and development, including uncertainty of clinical success and obtaining regulatory approvals; uncertainty of commercial success for new and existing products; challenges to patents; the impact of patent expirations; the ability of the Company to successfully execute strategic plans, including restructuring plans; the impact of business combinations and divestitures; manufacturing difficulties or delays, internally or within the supply chain; product efficacy or safety concerns resulting in product recalls or regulatory action; significant adverse litigation or government action, including related to product liability claims; changes to applicable laws and regulations, including tax laws and global health care reforms; trends toward health care cost containment; changes in behavior and spending patterns of purchasers of health care products and services; financial instability of international economies and legal systems and sovereign risk; increased scrutiny of the health care industry by government agencies; and the Company's ability to successfully separate the Company's Orthopaedics business and realize the anticipated benefits from the planned separation. A further list and descriptions of these risks, uncertainties and other factors can be found in Johnson & Johnson’s most recent Annual Report on Form 10-K, including in the sections captioned “Cautionary Note Regarding Forward-Looking Statements” and “Item 1A. Risk Factors,” and in Johnson & Johnson’s subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Copies of these filings are available online at www.sec.gov, www.jnj.com, investor.jnj.com, or on request from Johnson & Johnson. Any forward-looking statement made in this release speaks only as of the date of this release. Johnson & Johnson does not undertake to update any forward-looking statement as a result of new information or future events or developments.

EX-99.2

EX-99.2

Filename: a2026q1exhibit992.htm · Sequence: 3

Document

Exhibit 99.2

Johnson & Johnson and subsidiaries

Supplementary sales data

(Unaudited; Dollars in Millions) FIRST QUARTER

Percent Change

Sales to customers by geographic area 2026 2025 Total Operations Currency

U.S.

$13,330  12,305  8.3  % 8.3  —

Europe

5,848  5,110  14.5  2.7  11.8

Western Hemisphere excluding U.S.

1,293  1,167  10.8  2.5  8.3

Asia-Pacific, Africa

3,591  3,311  8.5  6.1  2.4

International

10,732  9,588  11.9  3.9  8.0

Worldwide

$24,062  21,893  9.9  % 6.4  3.5

Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.

Johnson & Johnson and subsidiaries

Supplementary sales data

(Unaudited; Dollars in Millions) FIRST QUARTER

Percent Change

Sales to customers by segment of business 2026 2025 Total Operations Currency

Innovative Medicine

U.S.

$ 8,871  8,092  9.6  % 9.6  —

International

6,555  5,781  13.4  4.3  9.1

15,426  13,873  11.2  7.4  3.8

MedTech

U.S.

4,459  4,213  5.9  5.9  —

International

4,177  3,807  9.7  3.2  6.5

8,636  8,020  7.7  4.6  3.1

U.S.

13,330  12,305  8.3  8.3  —

International

10,732  9,588  11.9  3.9  8.0

Worldwide

$ 24,062  21,893  9.9  % 6.4  3.5

Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.

Johnson & Johnson and subsidiaries

Condensed consolidated statement of earnings

(Unaudited; in Millions Except Per Share Figures) FIRST QUARTER

2026 2025 Percent

Increase

(Decrease)

Amount Percent

to Sales Amount Percent

to Sales

Sales to customers $ 24,062 100.0  $ 21,893 100.0  9.9

Cost of products sold 8,106 33.7  7,357 33.6  10.2

Gross Profit 15,956 66.3  14,536 66.4  9.8

Selling, marketing and administrative expenses 6,034 25.1  5,112 23.3  18.0

Research and development expense 3,527 14.7  3,225 14.7  9.4

In-process research and development impairments 36 0.1  — —

Interest (income) expense, net 43 0.2  (128) (0.6)

Other (income) expense, net 294 1.2  (7,321) (33.4)

Restructuring 32 0.1  17 0.1

Earnings before provision for taxes on income 5,990 24.9  13,631 62.3  (56.1)

Provision for taxes on income 755 3.1  2,632 12.1  (71.3)

Net earnings $ 5,235 21.8  $ 10,999 50.2  (52.4)

Net earnings per share (Diluted) $ 2.14 $ 4.54 (52.9)

Average shares outstanding (Diluted) 2,445.2 2,423.8

Effective tax rate 12.6  % 19.3 %

Adjusted earnings before provision for taxes and net earnings (1) (A)

Earnings before provision for taxes on income

$ 7,821 32.5  $ 8,011 36.6  (2.4)

Net earnings

$ 6,614 27.5  $ 6,706 30.6  (1.4)

Net earnings per share (Diluted)

$ 2.70

$ 2.77

(2.5)

Effective tax rate

15.4 %

16.3 %

(1) See Reconciliation of Non-GAAP Financial Measures.

(A)    NON-GAAP FINANCIAL MEASURES "Adjusted earnings before provision for taxes on income," "adjusted net earnings," "adjusted net earnings per share (diluted)," and "adjusted effective tax rate" are non-GAAP financial measures and should not be considered replacements for GAAP results. The Company provides earnings before provision for taxes on income, net earnings, net earnings per share (diluted), and effective tax rate on an adjusted basis because management believes that these measures provide useful information to investors. Among other things, these measures may assist investors in evaluating the Company's results of operations period over period. In various periods, these measures may exclude such items as intangible asset amortization expense, significant gains from divestitures, the effects of an acquisition, restructuring, litigation, and changes in applicable laws and regulations (including significant accounting or tax matters). Special items may be highly variable, difficult to predict, and of a size that sometimes has substantial impact on the Company's reported results of operations for a period. Management uses these measures internally for planning, forecasting and evaluating the performances of the Company's businesses, including allocating resources and evaluating results relative to employee performance compensation targets. Unlike earnings before provision for taxes on income, net earnings, net earnings per share (diluted), and effective tax rate prepared in accordance with GAAP, adjusted earnings before provision for taxes on income, adjusted net earnings, adjusted net earnings per share (diluted), and adjusted effective tax rate may not be comparable with the calculation of similar measures for other companies. The limitations of using these non-GAAP financial measures as performance measures are that they provide a view of the Company's results of operations without including all events during a period, such as intangible asset amortization expense, significant gains from divestitures, the effects of an acquisition, restructuring, litigation, and changes in applicable laws and regulations (including significant accounting or tax matters) and do not provide a comparable view of the Company's performance to other companies in the health care industry. Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP.

Johnson & Johnson and subsidiaries

Reconciliation of non-GAAP financial measures

First Quarter

(Dollars in Millions Except Per Share Data) 2026 2025

Net Earnings, after tax- as reported $5,235  $10,999

Pre-tax Adjustments

Intangible Asset Amortization expense 1,247  1,120

Litigation related 330  (6,966)

Orthopaedics Separation related 119  —

Acquisition, integration and divestiture related 96  132

Restructuring related 1

62  55

IPR&D impairments 36  —

(Gains)/losses on securities (59) 39

Tax Adjustments

Tax impact on special item adjustments 2

(424) 1,315

Tax legislation and other tax related (28) 12

Adjusted Net Earnings, after tax $6,614  $6,706

Average shares outstanding (Diluted) 2,445.2  2,423.8

Adjusted net earnings per share (Diluted) $2.70  $2.77

Operational adjusted net earnings per share (Diluted) $2.57

Notes:

1In fiscal 2023, the company initiated a restructuring program of its Orthopaedics franchise within the MedTech segment to streamline operations by exiting certain markets, product lines and distribution network arrangements. The restructuring expense of $7 million in the fiscal first quarter of 2026 and $55 million in the fiscal first quarter of 2025 primarily includes costs related to market and product exits. This program was substantially completed in Q4 2025.

In fiscal 2025, the company initiated a restructuring program of its Surgery franchise within the MedTech segment to simplify and focus operations by exiting certain non-strategic product lines and optimize select sites across the network. The restructuring expense of $55 million in the fiscal first quarter of 2026 primarily includes costs related to product exits. This program is expected to be substantially completed by the end of fiscal year 2026.

2The tax impact related to special item adjustments reflects the current and deferred income taxes associated with the above pre-tax special items in arriving at adjusted earnings.

Johnson & Johnson and subsidiaries

Reconciliation of non-GAAP financial measures

Adjusted operational sales growth(A)

First quarter 2026 actual vs. 2025 actual

Segments

Innovative Medicine  MedTech  Total

WW As Reported 11.2 % 7.7 % 9.9 %

U.S. 9.6 % 5.9 % 8.3 %

International 13.4 % 9.7 % 11.9 %

WW Currency 3.8 3.1 3.5

U.S. — — —

International 9.1 6.5 8.0

WW Operational 7.4 % 4.6 % 6.4 %

U.S. 9.6 % 5.9 % 8.3 %

International 4.3  % 3.2 % 3.9 %

Caplyta (1.9) (1.2)

U.S. (3.3) (2.2)

International 0.0 0.0

All Other Acquisitions and Divestitures (A&D) 0.1 0.1 0.1

U.S. 0.0 0.2 0.1

International 0.2 0.0 0.1

WW Adjusted Operational Ex A&D 5.6 % 4.7 % 5.3 %

U.S. 6.3 % 6.1 % 6.2 %

International 4.5 % 3.2 % 4.0 %

Note: Percentages are based on actual, non-rounded figures and may not sum

(A)    NON-GAAP FINANCIAL MEASURE “Adjusted operational sales growth" excludes acquisitions, divestitures and translational currency and is a non-GAAP financial measure. Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP. Due to the variable nature of acquisitions and divestitures, and the impact they may have on the analysis of underlying business performance and trends, management believes that providing this measure enhances an investor’s understanding of the Company’s performance and may assist in the evaluation of ongoing business operations period over period. This non-GAAP financial measure is presented to permit investors to more fully understand how management assesses the performance of the Company, including for internal evaluation of the performance of the Company's businesses and planning and forecasting for future periods. The use of this non-GAAP financial measure as a performance measure is limited in that it provides a view of the Company's results of operations without including all events during a period and may not provide a comparable view of the Company's performance to that of other companies in the health care industry.

Johnson & Johnson

Segment sales

(Dollars in Millions)

FIRST QUARTER

% Change

2026 2025 Reported

Operational(1)

Currency

INNOVATIVE MEDICINE SEGMENT(2)

ONCOLOGY

US $3,615  3,013  20.0  % 20.0  % — %

Intl 3,358  2,664  26.0  15.3  10.7

WW 6,973  5,678  22.8  17.8  5.0

DARZALEX

US 2,208  1,829  20.7  20.7  —

Intl 1,756  1,409  24.7  14.0  10.7

WW 3,964  3,237  22.5  17.8  4.7

CARVYKTI

US 433  318  36.2 36.2 —

Intl 164  51  * * *

WW 597  369  62.1 57.4 4.7

TECVAYLI

US 127  105  20.6  20.6  —

Intl 74  46  63.1 52.1 11.0

WW 202  151  33.5  30.1  3.4

TALVEY

US 101  68  48.5  48.5  —

Intl 51  18  * * *

WW 152  86  76.7  72.8  3.9

RYBREVANT / LAZCLUZE

US 175  113  55.1 55.1 —

Intl 82  28  * * *

WW 257  141  82.7 80.5 2.2

ERLEADA

US 342  292  17.3  17.3  —

Intl 607  479  26.7  15.5  11.2

WW 949  771  23.1  16.2  6.9

IMBRUVICA

US 143  235  (39.1) (39.1) —

Intl 517  474  9.1  (1.4) 10.5

WW 660  709  (6.9) (13.9) 7.0

OTHER ONCOLOGY(3)

US 85  54  58.8  58.8  —

Intl 106  160  (33.9) (36.3) 2.4

WW 192  214  (10.6) (12.5) 1.9

See footnotes at end of schedule

Johnson & Johnson

Segment sales

(Dollars in Millions)

FIRST QUARTER

% Change

2026 2025 Reported

Operational(1)

Currency

INNOVATIVE MEDICINE SEGMENT(2)(Continued)

IMMUNOLOGY

US $1,855  2,196  (15.5) % (15.5) % — %

Intl 1,524  1,510  0.9  (6.4) 7.3

WW 3,380  3,707  (8.8) (11.8) 3.0

TREMFYA

US 1,042  599  73.9  73.9  —

Intl 566  356  58.9  46.8  12.1

WW 1,608  956  68.3  63.8  4.5

SIMPONI / SIMPONI ARIA

US 269  292  (7.8) (7.8) —

Intl 378  366  3.0  (4.1) 7.1

WW 647  659  (1.7) (5.7) 4.0

REMICADE

US 269  314  (14.4) (14.4) —

US Exports(4)

18  10  78.6  78.6  —

Intl 136  143  (4.8) (10.5) 5.7

WW 422  467  (9.5) (11.2) 1.7

STELARA

US 220  981  (77.6) (77.6) —

Intl 435  644  (32.4) (37.7) 5.3

WW 656  1,625  (59.7) (61.7) 2.0

OTHER IMMUNOLOGY

US 38  1  * * —

Intl 9  0  * * *

WW 46  1  * * *

NEUROSCIENCE

US 1,494  968  54.3  54.3  —

Intl 681  679  0.3  (6.3) 6.6

WW 2,175  1,647  32.0  29.3  2.7

SPRAVATO

US 406  276  47.0  47.0  —

Intl 61  43  42.4  28.7  13.7

WW 468  320  46.4  44.5  1.9

CAPLYTA(5)

US 270  —  * * —

Intl —  —  —  —  —

WW 270  —  * * —

INVEGA SUSTENNA / XEPLION / INVEGA

TRINZA / TREVICTA

US 758  625  21.2  21.2  —

Intl 280  277  1.1  (4.9) 6.0

WW 1,038  903  15.0 13.2 1.8

CONCERTA / methylphenidate

US 22  38  (43.4) (43.4) —

Intl 115  110  4.3  (0.6) 4.9

WW 136  148  (8.0) (11.7) 3.7

OTHER NEUROSCIENCE

US 38  28  32.6  32.6  —

Intl 224  248  (9.7) (16.3) 6.6

WW 262  277  (5.4) (11.3) 5.9

See footnotes at end of schedule

Johnson & Johnson

Segment sales

(Dollars in Millions)

FIRST QUARTER

% Change

2026 2025 Reported

Operational(1)

Currency

INNOVATIVE MEDICINE SEGMENT(2)(Continued)

PULMONARY HYPERTENSION (PH)

US $831  744  11.7  % 11.7  % — %

Intl 304  281  8.2  1.0  7.2

WW 1,135  1,025  10.7  8.7  2.0

UPTRAVI

US 385  365  5.4  5.4  —

Intl 98  86  14.3  5.1  9.2

WW 483  451  7.1  5.4  1.7

OPSUMIT / OPSYNVI

US 433  363  19.3  19.3  —

Intl 172  159  8.7  1.7  7.0

WW 606  522  16.1  14.0  2.1

OTHER PULMONARY HYPERTENSION

US 12  15  (21.1) (21.1) —

Intl 34  37  (8.3) (11.8) 3.5

WW 46  52  (12.1) (14.5) 2.4

INFECTIOUS DISEASES (ID)

US 342  315  8.6  8.6  —

Intl 547  487  12.2  1.3  10.9

WW 889  802  10.8  4.1  6.7

EDURANT / rilpivirine

US 7  8  (13.1) (13.1) —

Intl 402  350  14.8  3.2  11.6

WW 409  358  14.1  2.8  11.3

PREZISTA / PREZCOBIX / REZOLSTA / SYMTUZA

US 334  305  9.5  9.5  —

Intl 109  98  11.2  0.7  10.5

WW 443  403  10.0  7.4  2.6

OTHER INFECTIOUS DISEASES

US 1  2  (56.9) (56.9) —

Intl 36  39  (8.3) (14.7) 6.4

WW 37  41  (10.4) (16.5) 6.1

CARDIOVASCULAR / METABOLISM / OTHER (CVM)

US 734  855  (14.2) (14.2) —

Intl 142  158  (10.4) (17.5) 7.1

WW 876  1,013  (13.6) (14.7) 1.1

XARELTO

US 642  690  (7.0) (7.0) —

Intl —  —  —  —  —

WW 642  690  (7.0) (7.0) —

OTHER

US 91  165  (44.5) (44.5) —

Intl 142  158  (10.4) (17.5) 7.1

WW 233  323  (27.8) (31.2) 3.4

See footnotes at end of schedule

Johnson & Johnson

Segment sales

(Dollars in Millions)

FIRST QUARTER

% Change

2026 2025 Reported

Operational(1)

Currency

INNOVATIVE MEDICINE SEGMENT(2)(Continued)

TOTAL PH, ID, CVM

US 1,907  1,914

(0.4) (0.4) —

Intl 993  926

7.1  (2.0) 9.1

WW 2,899  2,840  2.1  (0.9) 3.0

TOTAL INNOVATIVE MEDICINE

US 8,871  8,092  9.6  9.6  —

Intl 6,555  5,781  13.4  4.3  9.1

WW $15,426  13,873  11.2 % 7.4 % 3.8 %

See footnotes at end of schedule

Johnson & Johnson

Segment sales

(Dollars in Millions)

FIRST QUARTER

% Change

2026 2025 Reported

Operational(1)

Currency

MEDTECH SEGMENT(2)

CARDIOVASCULAR

US $1,399  1,261  10.9 % 10.9 % — %

Intl 978  842  16.1  9.9  6.2

WW 2,377  2,103  13.0  10.5  2.5

ELECTROPHYSIOLOGY

US 736  684  7.6  7.6  —

Intl 753  638  18.0  11.7  6.3

WW 1,489  1,323  12.6  9.5  3.1

ABIOMED

US 389  339  14.5  14.5  —

Intl 100  81  23.5  13.9  9.6

WW 488  420  16.3  14.4  1.9

SHOCKWAVE

US 242  206  17.8 17.8 —

Intl 63  52  21.3 19.3 2.0

WW 305  258  18.5 18.1 0.4

OTHER CARDIOVASCULAR

US 32  32  0.7  0.7  —

Intl 62  72  (13.4) (17.5) 4.1

WW 94  103  (9.1) (11.9) 2.8

SURGERY

US 1,046  1,002  4.4  4.4  —

Intl 1,465  1,394  5.1  (1.1) 6.2

WW 2,511  2,396  4.8  1.2  3.6

ADVANCED

US 477  457  4.2  4.2  —

Intl 646  616  4.9  (1.0) 5.9

WW 1,123  1,073  4.6  1.2  3.4

GENERAL

US 569  544  4.5  4.5  —

Intl 819  778  5.2  (1.3) 6.5

WW 1,388  1,323  4.9  1.1  3.8

See footnotes at end of schedule

Johnson & Johnson

Segment sales

(Dollars in Millions)

FIRST QUARTER

% Change

2026 2025 Reported

Operational(1)

Currency

MEDTECH SEGMENT(2)(Continued)

VISION

US $579  566  2.4 % 2.4 % — %

Intl 785  713  10.1  4.6  5.5

WW 1,365  1,279  6.7  3.6  3.1

CONTACT LENSES / OTHER

US 468  452  3.7  3.7  —

Intl 501  467  7.2  1.7  5.5

WW 969  919  5.5  2.7  2.8

SURGICAL

US 111  114  (2.9) (2.9) —

Intl 285  246  15.6  10.1  5.5

WW 396  361  9.7  6.0  3.7

ORTHOPAEDICS

US 1,435  1,384  3.7  3.7  —

Intl 948  857  10.6  2.4  8.2

WW 2,383  2,241  6.3  3.2  3.1

HIPS

US 277  263  5.2  5.2  —

Intl 159  146  8.9  0.3  8.6

WW 436  409  6.5  3.5  3.0

KNEES

US 239  231  3.3  3.3  —

Intl 181  158  14.6  6.5  8.1

WW 420  389  7.9  4.6  3.3

TRAUMA

US 532  502  6.1  6.1  —

Intl 301  270  11.4  3.1  8.3

WW 833  772  8.0  5.0  3.0

SPINE, SPORTS & OTHER

US 387  388  (0.1) (0.1) —

Intl 307  283  8.4  0.7  7.7

WW 694  671  3.5  0.2  3.3

TOTAL MEDTECH

US 4,459  4,213  5.9  5.9  —

Intl 4,177  3,807  9.7  3.2  6.5

WW $8,636  8,020  7.7 % 4.6 % 3.1 %

Note: Column and rows within tables may not add due to rounding. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.

*    Percentage greater than 100% or not meaningful

(1)Operational growth excludes the effect of translational currency

(2)Unaudited

(3)Includes the sales of ZYTIGA which were previously disclosed separately

(4)Reported as U.S. sales

(5)Acquired with Intra-Cellular Therapies on April 2, 2025

EX-99.3

EX-99.3

Filename: a2026q1exhibit993.htm · Sequence: 4

Document

Exhibit 99.3

Media contact:

media-relations@its.jnj.com

Investor contact:

investor-relations@its.jnj.com

For immediate release

Johnson & Johnson Announces 64th Consecutive Year of Dividend Increase; Raises Quarterly Dividend by 3.1%

New Brunswick, NJ (April 14, 2026) – Johnson & Johnson (NYSE: JNJ) today announced that its Board of Directors has declared a 3.1% increase in the quarterly dividend, from $1.30 per share to $1.34 per share, marking the 64th year of consecutive increases.

At the new rate, the indicated dividend on an annual basis is $5.36 per share compared to the previous rate of $5.20 per share. The next quarterly dividend is payable on June 9, 2026 to shareholders of record at the close of business on May 26, 2026. The ex-dividend date is May 26, 2026.

About Johnson & Johnson

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com/.

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