Solventum Corporation SOLV

Revenue Intelligence Report • 14 quarters of SEC filing data • Updated 2026-10-14 • Data through 2026-06-30

Solventum Corporation's latest quarterly revenue is $2.2B for the period ending 2026-06-30. The model projects $7.9B across the next four quarters (-4.3% versus the preceding four quarters). The forecast uses SG&A data; model selection and estimation exclude the latest quarter, whose retrospective holdout error is 8.8%. These are statistical associations, not estimates of the causal effect of spending.

Investment Thesis

The ARDL forecast is based on reported revenue and SG&A data through 2026-06-30. Training MAPE measures fit to historical data; the separately reported holdout error measures a withheld quarter. Spending coefficients describe associations and do not establish causation.

Next 4 Quarters
$7.95B
-4.3% YoY
R&D Multiplier
$6.69 per $1
SG&A Multiplier
$0.12 per $1
Training Fit
0.5% MAPE
Retrospective holdout (Q2 FY2026): The model predicted $2.01B vs the actual $2.21B — an error of 8.8%.
Retrospective one-quarter holdout: model fitting and selection exclude this quarter. Historical inputs use the latest available restatements, so this is not a preserved real-time forecast.

Revenue Forecast

SOLV Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q2 FY2026
Period end 2026-06-30
$2.01B $2.21B $1.99B–$2.04B -6.8% ✗ Outside range
Q3 FY2026
Period end 2026-09-30
$2.06B $2.03B–$2.09B -1.7%
Q4 FY2026
Period end 2026-12-31
$1.99B $1.95B–$2.03B -0.5%
Q1 FY2027
Period end 2027-03-31
$1.95B $1.91B–$2.00B -2.6%
Q2 FY2027
Period end 2027-06-30
$1.95B $1.89B–$2.00B -11.9%

Seasonal Factors

Multiplicative seasonal adjustment: These factors capture Solventum Corporation's systematic quarterly revenue patterns relative to the trend model. A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below. Factors are computed as the median of (actual / fitted) across all available quarters.
Fiscal QuarterSeasonal Factorvs TrendInterpretationObs.
FQ1 (Jan–Mar) 0.9975 -0.3% In line with trend 3
FQ2 (Apr–Jun) 1.0062 +0.6% In line with trend 2
FQ3 (Jul–Sep) 1.001 +0.1% In line with trend 3
FQ4 (Oct–Dec) 0.9988 -0.1% In line with trend 3

Spending and Revenue

SOLV Spending Timing
Reading this chart: Each line shows the cumulative revenue association per $1 of spending over subsequent quarters. These estimates describe historical associations and do not establish causation.

Time-Varying Spending Associations

Time-varying analysis: A penalized spline model (GAM) tracks the association between log spending and log revenue over 14 quarters. Its coefficients describe conditional historical associations, not causal returns on spending.
Current SG&A elasticity: 0.3605x • R&D elasticity: 0.068x
The model-term chart shows relative absolute term magnitudes. Its percentages are not shares of revenue or causal contributions to growth.

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