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ResMed — Aug 6, 2026 release

Fiscal 2026 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-26-337962
Open on SEC.gov ↗
Showing in the filing
Quarterly dividend
“$0.66 per quarter”
Period
FY2027
Measure
Declared action
Source
Prose
All guidance in this release · 3
Capital to be returned to shareholders throu… for FY2027
“more than $1.85 billion”
Quarterly dividend for FY2027
“$0.66 per quarter”
Quarterly cash dividend
“$0.66 per share”
Exhibit 99.1 · full document
Exhibit 99.1     For investors    For media +1 858-221-3304    +1 619-510-1281 investorrelations@resmed.com    news@resmed.com Resmed Inc. Announces Results for the Fourth Quarter of Fiscal Year 2026     •   Q4 revenue increased by 9% to a record $1.5 billion; up 8% on a constant currency basis     •   Q4 GAAP diluted earnings per share up 2% to $2.64; non-GAAP diluted earnings per share up 16% to $2.95     •   Returned $1.0 billion to shareholders through share repurchases and dividends during FY2026, an increase of more than 70% Note: A webcast of Resmed’s conference call will be available at 4:30 p.m. ET today at  http://investor.resmed.com SAN DIEGO, August 6, 2026 – Resmed Inc. (NYSE: RMD, ASX: RMD) today announced results for its quarter ended June 30, 2026. “We closed fiscal year 2026 with strong fourth quarter results, reflecting continued momentum of our global business, sustained demand for our market-leading products, and disciplined execution of our strategy,” said Resmed’s Chairman and CEO, Mick Farrell. “Year-over-year, we delivered 9% reported revenue growth, 90 basis points of gross margin expansion, and a 16% increase in earnings per share. For full year 2026, our $1.6 billion in free cash flow enabled us to invest in innovation, strengthen our market leadership, and return more than $1 billion to our shareholders.” “As we enter fiscal year 2027, we will leverage our global scale and enhance our digital capabilities to benefit our patients, providers, and customers. We will use our industry-leading portfolio to improve patient outcomes, reduce healthcare costs, and drive long-term profitable growth for our shareholders.” Financial Highlights     •   FY 2026 revenue increased by 10% to $5.7 billion; up 8% on a constant currency basis     •   FY 2026 GAAP gross margin up 170 bps to 61.1%; non-GAAP gross margin up 240 bps to 62.4%     •   FY 2026 GAAP operating margin up 70 bps to 33.4%, non-GAAP operating margin up 180 bps to 36.1%     •   FY 2026 GAAP diluted earnings per share of $10.43; non-GAAP diluted earnings per share of $11.17, an increase of 17%     •   FY 2026 operating cash flow of $1.8 billion; free cash flow of $1.6 billion     •   Guiding to more than $1.85 billion in capital to be returned to shareholders through share repurchases and dividends during FY 2027; announced quarterly dividend increase of 10% to $0.66 per quarter Other Business and Operational Highlights     •   Announced agreement to sell MatrixCare business; transaction expected to close during the first quarter of Resmed’s fiscal year 2027.     •   Completed acquisition of Noctrix Health, a medical device company selling FDA De Novo classified wearable therapeutics for Restless Leg Syndrome, or RLS.     •   Partnered with ŌURA to expand access to sleep health education and pathways to care, helping more people sleep better and improve their overall health.     •   Following other successful launches in APAC, EMEA and the Americas, launched AirSense 11 in Taiwan. Additionally, launched AirCurve 11 ST/ST-A in the U.S. and AirTouch F30i Comfort in Brazil and Chile. RMD Fourth Quarter 2026 Earnings Press Release – August 6, 2026    Page 2 of 10   Financial Results and Operating Metrics Unaudited; $ in millions, except for per share amounts        Three Months Ended        June 30, 2026     June 30, 2025     % Change     Constant Currency  (A)   Revenue    $ 1,464     $ 1,348       9 %      8 %  Gross margin      58.8 %      60.8 %      (200) bps     Non-GAAP gross margin  (B)      62.3 %      61.4 %      90 bps     Research and development expenses      106       86       22       19   Selling, general, and administrative expenses      296       267       11       8   Non-GAAP selling, general, and administrative expenses (B)      291       265       10       7   Income from operations      449       455       (1)     Operating margin      30.7 %      33.7 %      (300) bps     Non-GAAP income from operations  (B)      515       476       8     Non-GAAP operating margin      35.2 %      35.3 %      (10) bps     Net income      383       380       1     Non-GAAP net income  (B)      428       375       14     Diluted earnings per share    $ 2.64     $ 2.58       2     Non-GAAP diluted earnings per share  (B)    $ 2.95     $ 2.55       16     Operating cash flow      455       539       (16)     Free cash flow (C)      404       508       (21)            Twelve Months Ended        June 30, 2026     June 30, 2025     % Change     Constant Currency  (A)   Revenue    $ 5,653     $ 5,146       10 %      8 %  Gross margin      61.1 %      59.4 %      170 bps     Non-GAAP gross margin  (B)      62.4 %      60.0 %      240 bps     Research and development expenses      378       331       14       12   Selling, general, and administrative expenses      1,120       993       13       10   Non-GAAP selling, general, and administrative expenses (B)      1,108       991       12       9   Income from operations      1,887       1,685       12     Operating margin      33.4 %      32.7 %      70 bps     Non-GAAP income from operations  (B)      2,039       1,763       16     Non-GAAP operating margin      36.1 %      34.3 %      180 bps     Net income      1,523       1,401       9     Non-GAAP net income  (B)      1,632       1,407       16     Diluted earnings per share    $ 10.43     $ 9.51       10     Non-GAAP diluted earnings per share  (B)    $ 11.17     $ 9.55       17     Operating cash flow      1,806       1,752       3     Free cash flow (C)      1,650       1,662       (1 )      (A) In order to provide a framework for assessing how our underlying businesses performed, excluding the effect of foreign currency fluctuations, we provide certain financial information on a “constant currency” basis, which is in addition to the actual financial information presented. In order to calculate our constant currency information, we translate the current period financial information using the foreign currency exchange rates that were in effect during the previous comparable period. However, constant currency measures should not be considered in isolation or as an alternative to U.S. dollar measures that reflect current period exchange rates, or to other financial measures calculated and presented in accordance with U.S. GAAP. (B) See the reconciliation of non-GAAP financial measures in the table at the end of the press release. (C) Free cash flow is equal to operating cash flow less purchases of property, plant and equipment. RMD Fourth Quarter 2026 Earnings Press Release – August 6, 2026    Page 3 of 10   Discussion of Fourth Quarter Results All comparisons are to the prior year period unless otherwise noted     •   Strong revenue growth: Revenue increased 9% (8% in constant currency) to approximately $1.5 billion, driven by strong demand across sleep devices, masks, accessories, and software solutions.     •   Global momentum: Americas Sleep and Breathing Health revenue grew 8%, Rest of World Sleep and Breathing Health grew 10% in constant currency, and Residential Care Software revenue increased 2% in constant currency.     •   Healthy profitability: GAAP gross margin of 58.8%. Non-GAAP gross margin increased 90 basis points to 62.3%, predominantly from productivity pipeline execution. The primary difference is our $42 million Astral field safety notification expenses.     •   Robust earnings growth: GAAP income from operations of $449 million and GAAP diluted earnings per share of $2.64. Non-GAAP income from operations increased 8% and non-GAAP diluted earnings per share grew 16% to $2.95, predominantly attributable to strong sales growth and gross margin improvement.     •   Strong cash generation: Operating cash flow totaled $455 million and free cash flow totaled $404 million, supporting $287 million returned to shareholders through dividends and share repurchases while maintaining investment in innovation and growth initiatives. Dividend program The Resmed board of directors today declared a quarterly cash dividend of $0.66 per share, representing an increase of 10% over our previous quarterly dividend. The dividend will have a record date of August 20, 2026, payable on September 24, 2026. The dividend will be paid in U.S. currency to holders of Resmed’s common stock trading on the New York Stock Exchange. Holders of CHESS Depositary Interests (“CDIs”) trading on the Australian Securities Exchange will receive an equivalent amount in Australian currency, based on the exchange rate on the record date, and reflecting the 10:1 ratio between CDIs and NYSE shares. The ex-dividend date will be August 19, 2026, for common stockholders and for CDI holders. Resmed has received a waiver from the ASX’s settlement operating rules, which will allow Resmed to defer processing conversions between its common stock and CDI registers from August 19, 2026, through August 20, 2026, inclusive. Webcast details Resmed will discuss its fourth quarter fiscal year 2026 results on its webcast at 1:30 p.m. U.S. Pacific Time today. The live webcast of the call can be accessed on Resmed’s Investor Relations website at investor.resmed.com . Please go to this section of the website and click on the icon for the “Q4 2026 Earnings Webcast” to register and listen to the live webcast. A replay of the earnings webcast will be accessible on the website and available approximately two hours after the live webcast. In addition, a telephone replay of the conference call will be available approximately three hours after the webcast by dialing +1 877-660-6853 (U.S.) or +1 201-612-7415 (outside U.S.) and entering the passcode 13761408. The telephone replay will be available until August 20, 2026. About Resmed Resmed (NYSE: RMD, ASX: RMD) creates life-changing health technologies that people love. We’re relentlessly committed to pioneering innovative technology to empower millions of people in 140 countries to live happier, healthier lives. Our AI-powered digital health solutions, cloud-connected devices and intelligent software make home healthcare more personalized, accessible and effective. Ultimately, Resmed envisions a world where every person can achieve their full potential through better sleep and breathing, with care delivered in their own home. Learn more about how we’re redefining sleep health at Resmed.com and follow @Resmed. RMD Fourth Quarter 2026 Earnings Press Release – August 6, 2026    Page 4 of 10   Safe harbor statement Statements contained in this release that are not historical facts are “forward-looking” statements as contemplated by the Private Securities Litigation Reform Act of 1995. These forward-looking statements – including statements regarding Resmed’s projections of future revenue or earnings, expenses, new product development, new product launches, new markets for its products, the integration of acquisitions, our supply chain, domestic and international regulatory developments, litigation, tax outlook, and the expected impact of macroeconomic conditions of our business – are subject to risks and uncertainties, which could cause actual results to materially differ from those projected or implied in the forward-looking statements. Additional risks and uncertainties are discussed in Resmed’s periodic reports on file with the U.S. Securities & Exchange Commission. Resmed does not undertake to update its forward-looking statements.   – More – RMD Fourth Quarter 2026 Earnings Press Release – August 6, 2026    Page 5 of 10 RESMED INC. AND SUBSIDIARIES   Condensed Consolidated Statements of Operations (Unaudited; $ in thousands, except for per share amounts)        Three Months Ended     Twelve Months Ended        June 30, 2026      June 30, 2025     June 30, 2026     June 30, 2025   Net revenue    $ 1,463,647      $ 1,347,993     $ 5,653,443     $ 5,146,327   Cost of sales      552,245        520,068       2,128,040       2,060,753   Amortization of acquired intangibles  (1)      8,301        9,367       31,779       32,116   Masks with magnets field safety notification expenses (1)      —         (1,512 )      —        (1,512 )  Astral field safety notification expenses (1)      41,885        —        41,885       —                                      Total cost of sales    $ 602,431      $ 527,923     $ 2,201,704     $ 2,091,357                                     Gross profit    $ 861,216      $ 820,070     $ 3,451,739     $ 3,054,970   Research and development      105,726        86,443       378,285       331,284   Selling, general, and administrative      290,655        265,125       1,108,042       991,019   Acquisition and portfolio review related expenses (1)      5,628        2,031       11,486       2,031                                     Total selling, general, and administrative      296,283        267,156       1,119,528       993,050   Amortization of acquired intangibles  (1)      10,499        11,928       45,466       45,273   Restructuring expenses  (1)      —         —        21,745       —                                      Total operating expenses    $ 412,508      $ 365,527     $ 1,565,024     $ 1,369,607                                     Income from operations    $ 448,708      $ 454,543     $ 1,886,715     $ 1,685,363   Other income (expenses), net:           Interest (expense) income, net    $ 20,885      $ 5,757     $ 49,914     $ 4,114   Gain (loss) attributable to equity method investments      2,232        1,269       6,955       3,644   Gain (loss) on equity investments      1,001        (2,533 )      (15,014 )      (10,299 )  Other, net      1,338        (983 )      (9,154 )      (5,256 )                                    Total other income (expenses), net      25,456        3,510       32,701       (7,797 )                                    Income before income taxes    $ 474,164      $ 458,053     $ 1,919,416     $ 1,677,566   Income taxes      90,732        78,348       396,123       276,843                                     Net income    $ 383,432      $ 379,705     $ 1,523,293     $ 1,400,723                                     Basic earnings per share    $ 2.65      $ 2.59     $ 10.47     $ 9.55   Diluted earnings per share    $ 2.64      $ 2.58     $ 10.43     $ 9.51   Non-GAAP diluted earnings per share  (1)    $ 2.95      $ 2.55     $ 11.17     $ 9.55   Basic shares outstanding      144,706        146,472       145,523       146,716   Diluted shares outstanding      144,976        147,037       146,054       147,340     (1) See the reconciliation of non-GAAP financial measures in the table at the end of the press release.   – More – RMD Fourth Quarter 2026 Earnings Press Release – August 6, 2026    Page 6 of 10 RESMED INC. AND SUBSIDIARIES   Condensed Consolidated Balance Sheets (Unaudited; $ in thousands)        June 30, 2026     June 30, 2025   Assets      Current assets:      Cash and cash equivalents    $ 1,469,234     $ 1,209,450   Accounts receivable, net      1,036,233       939,492   Inventories      945,805       927,711   Prepayments and other current assets      416,081       428,952   Assets held for sale    $ 457,386     $ —                     Total current assets    $ 4,324,739     $ 3,505,605   Non-current assets:      Property, plant, and equipment, net    $ 581,829     $ 550,790   Operating lease right-of-use assets      153,167       167,497   Goodwill and other intangibles, net      3,362,312       3,511,541   Deferred income taxes and other non-current assets      543,903       438,958                    Total non-current assets    $ 4,641,211     $ 4,668,786                    Total assets    $ 8,965,950     $ 8,174,391                    Liabilities and Stockholders’ Equity      Current liabilities:      Accounts payable    $ 308,923     $ 278,157   Accrued expenses      494,921       402,253   Operating lease liabilities, current      29,141       30,506   Deferred revenue      162,911       166,030   Income taxes payable      98,108       132,274   Short-term debt      259,950       9,900   Liabilities held for sale    $ 41,156     $ —                     Total current liabilities    $ 1,395,110     $ 1,019,120   Non-current liabilities:      Deferred revenue    $ 170,951     $ 156,803   Deferred income taxes      64,640       77,682   Operating lease liabilities, non-current      137,413       153,015   Other long-term liabilities      213,028       141,520   Long-term debt      399,415       658,392                    Total non-current liabilities    $ 985,447     $ 1,187,412                    Total liabilities    $ 2,380,557     $ 2,206,532                    Stockholders’ equity      Common stock    $ 764     $ 761   Additional paid-in capital      2,190,614       2,033,599   Retained earnings      7,255,121       6,081,490   Treasury stock      (2,778,591 )      (2,073,292 )  Accumulated other comprehensive income      (82,515 )      (74,699 )                   Total stockholders’ equity    $ 6,585,393     $ 5,967,859                    Total liabilities and stockholders’ equity    $ 8,965,950     $ 8,174,391                      – More – RMD Fourth Quarter 2026 Earnings Press Release – August 6, 2026    Page 7 of 10 RESMED INC. AND SUBSIDIARIES   Condensed Consolidated Statements of Cash Flows (Unaudited; $ in thousands)        Three Months Ended     Twelve Months Ended        June 30, 2026     June 30, 2025     June 30, 2026     June 30, 2025   Cash flows from operating activities:          Net income    $ 383,432     $ 379,705     $ 1,523,293     $ 1,400,723   Adjustment to reconcile net income to cash provided by operating activities:          Depreciation and amortization      44,778       63,628       201,342       198,473   Amortization of right-of-use assets      10,343       10,660       42,810       37,338   Stock-based compensation costs      27,458       24,751       104,348       91,661   (Gain) loss attributable to equity method investments, net of dividends received      2,340       (1,269 )      (2,382 )      (3,644 )  (Gain) loss on equity investments      (1,000 )      2,533       15,014       10,299   Gain on previously held equity investment      (4,353 )      —        (4,353 )      —    Changes in operating assets and liabilities:          Accounts receivable, net      (37,209 )      (5,215 )      (96,778 )      (76,684 )  Inventories, net      (33,866 )      (32,133 )      (9,920 )      (80,165 )  Prepaid expenses, net deferred income taxes and other current assets      12,150       47,017       (140,260 )      82,629   Accounts payable, accrued expenses, income taxes payable and other      50,558       49,089       172,715       90,958                                    Net cash provided by (used in) operating activities    $ 454,631     $ 538,766     $ 1,805,829     $ 1,751,588   Cash flows from investing activities:          Purchases of property, plant, and equipment      (51,127 )      (30,585 )      (156,285 )      (89,865 )  Patent registration and acquisition costs      (5,384 )      (3,193 )      (18,670 )      (10,777 )  Purchases of intangible assets      (739 )      —        (2,218 )      —    Business acquisitions, net of cash acquired      (325,319 )      (138,578 )      (350,724 )      (139,248 )  Purchases of investments      (2,000 )      (2,013 )      (28,536 )      (6,416 )  Proceeds from exits of investments      —        250       2,752       4,628   Proceeds (payments) on maturity of foreign currency contracts      918       40,406       8,482       41,633                                    Net cash provided by (used in) investing activities    $ (383,651 )    $ (133,713 )    $ (545,199 )    $ (200,045 )  Cash flows from financing activities:          Proceeds from issuance of common stock, net      29,314       30,156       74,503       74,439   Purchases of treasury stock      (200,000 )      (100,008 )      (700,037 )      (300,025 )  Acquisition of consolidated subsidiary      —        (10,855 )      —        (10,855 )  Taxes paid related to net share settlement of equity awards      (388 )      (590 )      (21,833 )      (18,077 )  Payments of business combination contingent consideration      —        —        —        (855 )  Repayment of borrowings      (5,000 )      (5,000 )      (10,000 )      (40,000 )  Dividends paid      (87,090 )      (77,590 )      (349,662 )      (310,880 )                                   Net cash provided by (used in) financing activities    $ (263,164 )    $ (163,887 )    $ (1,007,029 )    $ (606,253 )                                   Effect of exchange rate changes on cash    $ 905     $ 35,573     $ 6,183     $ 25,799                                    Net increase (decrease) in cash and cash equivalents      (191,279 )      276,739       259,784       971,089   Cash and cash equivalents at beginning of period      1,660,513       932,711       1,209,450       238,361                                    Cash and cash equivalents at end of period    $ 1,469,234     $ 1,209,450     $ 1,469,234     $ 1,209,450                                      – More – RMD Fourth Quarter 2026 Earnings Press Release – August 6, 2026    Page 8 of 10 RESMED INC. AND SUBSIDIARIES   Reconciliation of Non-GAAP Financial Measures (Unaudited; $ in thousands, except for per share amounts) The measures “non-GAAP gross profit” and “non-GAAP gross margin” exclude amortization expense from acquired intangibles and field safety notification expenses and are reconciled below:        Three Months Ended     Twelve Months Ended        June 30, 2026     June 30, 2025     June 30, 2026     June 30, 2025   Revenue    $ 1,463,647     $ 1,347,993     $ 5,653,443     $ 5,146,327   GAAP cost of sales    $ 602,431     $ 527,923     $ 2,201,704     $ 2,091,357   Less:  Amortization of acquired intangibles  (A)      (8,301 )      (9,367 )      (31,779 )      (32,116 )  Less : Masks with magnets field safety notification expenses (A)      —        1,512       —        1,512   Less : Astral field safety notification expenses (A)      (41,885 )      —        (41,885 )      —                                     Non-GAAP cost of sales    $ 552,245     $ 520,068     $ 2,128,040     $ 2,060,753   GAAP gross profit    $ 861,216     $ 820,070     $ 3,451,739     $ 3,054,970   GAAP gross margin      58.8 %      60.8 %      61.1 %      59.4 %  Non-GAAP gross profit    $ 911,402     $ 827,925     $ 3,525,403     $ 3,085,574   Non-GAAP gross margin      62.3 %      61.4 %      62.4 %      60.0 %  The measures “non-GAAP selling, general, and administrative expenses” and “non-GAAP selling, general, and administrative expenses as a percentage of revenues” exclude acquisition and portfolio review related expenses and are reconciled below:        Three Months Ended     Twelve Months Ended        June 30, 2026     June 30, 2025     June 30, 2026     June 30, 2025   Revenue    $ 1,463,647     $ 1,347,993     $ 5,653,443     $ 5,146,327   GAAP selling, general, and administrative      296,283       267,156       1,119,528       993,050   Less: Acquisition and portfolio review related expenses (A)      (5,628 )      (2,031 )      (11,486 )      (2,031 )                                   Non-GAAP selling, general, and administrative      290,655       265,125       1,108,042       991,019                                    As a percentage of revenue:          GAAP selling, general, and administrative expenses      20.2 %      19.8 %      19.8 %      19.3 %  Non-GAAP selling, general, and administrative expenses      19.9 %      19.7 %      19.6 %      19.3 %    – More – RMD Fourth Quarter 2026 Earnings Press Release – August 6, 2026    Page 9 of 10 RESMED INC. AND SUBSIDIARIES   Reconciliation of Non-GAAP Financial Measures (Unaudited; $ in thousands, except for per share amounts) The measure “non-GAAP income from operations” is reconciled with GAAP income from operations below:        Three Months Ended     Twelve Months Ended        June 30, 2026      June 30, 2025     June 30, 2026      June 30, 2025   GAAP income from operations    $ 448,708      $ 454,543     $ 1,886,715      $ 1,685,363   Amortization of acquired intangibles—cost of sales  (A)      8,301        9,367       31,779        32,116   Amortization of acquired intangibles—operating expenses  (A )      10,499        11,928       45,466        45,273   Restructuring  (A)      —         —        21,745        —    Masks with magnets field safety notification expenses (A)      —         (1,512 )      —         (1,512 )  Astral field safety notification expenses (A)      41,885        —        41,885        —    Acquisition and portfolio review related expenses (A )      5,628        2,031       11,486        2,031                                      Non-GAAP income from operations    $ 515,021      $ 476,357     $ 2,039,076      $ 1,763,271                                      The measures “non-GAAP net income” and “non-GAAP diluted earnings per share” are reconciled with GAAP net income and GAAP diluted earnings per share in the table below:        Three Months Ended     Twelve Months Ended        June 30, 2026     June 30, 2025     June 30, 2026     June 30, 2025   GAAP net income    $ 383,432     $ 379,705     $ 1,523,293     $ 1,400,723   Amortization of acquired intangibles—cost of sales  (A)      8,301       9,367       31,779       32,116   Amortization of acquired intangibles—operating expenses  (A)      10,499       11,928       45,466       45,273   Restructuring expenses  (A)      —        —        21,745       —    Gain on previously held equity investment (A)      (4,353 )      —        (4,353 )      —    Masks with magnets field safety notification expenses (A)      —        (1,512 )      —        (1,512 )  Astral field safety notification expenses (A)      41,885       —        41,885       —    Acquisition and portfolio review related expenses  (A)      5,628       2,031       11,486       2,031   Tax benefit from business cessation (A)      —        (21,430 )      —        (21,430 )  Income tax effect of interest and penalties on income tax refunds (A)      —        —        —        (29,976 )  Income tax effect on non-GAAP adjustments (A)      (17,059 )      (5,544 )      (39,453 )      (20,448 )                                   Non-GAAP net income  (A)    $ 428,333     $ 374,545     $ 1,631,848     $ 1,406,777                                    GAAP diluted shares outstanding      144,976       147,037       146,054       147,340   GAAP diluted earnings per share    $ 2.64     $ 2.58     $ 10.43     $ 9.51   Non-GAAP diluted earnings per share  (A)    $ 2.95     $ 2.55     $ 11.17     $ 9.55     (A) Resmed adjusts for the impact of the amortization of acquired intangibles, restructuring expenses, gains on previously held equity investments, field safety notification expenses, acquisition and portfolio review related expenses and associated tax effects, in addition to tax benefits from business cessation, and the tax effect of interest and penalties on tax refunds from their evaluation of ongoing operations, and believes that investors benefit from adjusting these items to facilitate a more meaningful evaluation of current operating performance. Resmed believes that non-GAAP diluted earnings per share is an additional measure of performance that investors can use to compare operating results between reporting periods. Resmed uses non-GAAP information internally in planning, forecasting, and evaluating the results of operations in the current period and in comparing it to past periods. Resmed believes this information provides investors better insight when evaluating Resmed’s performance from core operations and provides consistent financial reporting. The use of non-GAAP measures is intended to supplement, and not to replace, the presentation of net income and other GAAP measures. Like all non-GAAP measures, non-GAAP earnings are subject to inherent limitations because they do not include all the expenses that must be included under GAAP.   – More – RMD Fourth Quarter 2026 Earnings Press Release – August 6, 2026    Page 10 of 10 RESMED INC. AND SUBSIDIARIES   Revenue by Product and Region (Unaudited; $ in millions, except for per share amounts)        Three Months Ended        June 30, 2026     (A)      June 30, 2025     (A)      % Change     Constant Currency  (B)   Americas (C)                Devices    $ 459        $ 433          6 %    Masks and other      394          359          10                                      Total Americas (C)    $ 853        $ 792          8     Rest of World (C)                Devices    $ 291        $ 261          12 %      9 %  Masks and other      148          128          16       12                                          Total Rest of World (C)    $ 439        $ 389          13       10   Global revenue                Total Devices    $ 750        $ 694          8 %      7 %  Total Masks and other      542          487          11       10                                          Total Sleep and Breathing Health    $ 1,292        $ 1,181          9       8   Residential Care Software      172          167          3       2                                          Total    $ 1,464        $ 1,348          9       8                                                 Twelve Months Ended        June 30, 2026     (A)      June 30, 2025     (A)      % Change     Constant Currency  (B)   Americas (C)                Devices    $ 1,768        $ 1,654          7 %    Masks and other      1,513          1,343          13                                      Total Americas (C)    $ 3,281        $ 2,998          9     Rest of World (C)                Devices    $ 1,124        $ 1,011          11 %      6 %  Masks and other      572          497          15       9                                          Total Rest of World (C)    $ 1,697        $ 1,507          13       7   Global revenue                Total Devices    $ 2,892        $ 2,665          9 %      7 %  Total Masks and other      2,085          1,840          13       12                                          Total Sleep and Breathing Health    $ 4,978        $ 4,505          10       9   Residential Care Software      676          641          5       4                                          Total    $ 5,653        $ 5,146          10       8                                            (A) Totals and subtotals may not add due to rounding. (B) In order to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency fluctuations, we provide certain financial information on a “constant currency basis,” which is in addition to the actual financial information presented. In order to calculate our constant currency information, we translate the current period financial information using the foreign currency exchange rates that were in effect during the previous comparable period. However, constant currency measures should not be considered in isolation or as an alternative to U.S. dollar measures that reflect current period exchange rates, or to other financial measures calculated and presented in accordance with U.S. GAAP. (C) Historically we have presented our geographical split of revenue as “U.S., Canada, and Latin America” and “Combined Europe, Asia, and other markets”. Effective this quarter, this presentation has been renamed to Americas (formerly U.S., Canada, and Latin America) and Rest of World (formerly Combined Europe, Asia, and other markets). The methodology for attributing revenue to these geographies remains unchanged. Revenue from prior periods is consistent and comparable to previous reporting.   – End –
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.