Exhibit 99.2
Johnson & Johnson and subsidiaries
Supplementary sales data
(Unaudited; Dollars in Millions)FIRST QUARTER
Percent Change
Sales to customers by geographic area20262025TotalOperationsCurrency
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 business20262025TotalOperationsCurrency
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
20262025Percent
Increase
(Decrease)
AmountPercent
to Sales
AmountPercent
to Sales
Sales to customers$24,062100.0 $21,893100.0 9.9 
Cost of products sold8,10633.7 7,35733.6 10.2 
Gross Profit15,95666.3 14,53666.4 9.8 
Selling, marketing and administrative expenses6,03425.1 5,11223.3 18.0 
Research and development expense3,52714.7 3,22514.7 9.4 
In-process research and development impairments360.1  
Interest (income) expense, net430.2 (128)(0.6)
Other (income) expense, net2941.2 (7,321)(33.4)
Restructuring320.1 170.1
Earnings before provision for taxes on income5,99024.9 13,63162.3 (56.1)
Provision for taxes on income7553.1 2,63212.1 (71.3)
Net earnings $5,23521.8 $10,99950.2 (52.4)
Net earnings per share (Diluted) $2.14$4.54(52.9)
Average shares outstanding (Diluted)2,445.22,423.8
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
$7,82132.5 $8,01136.6 (2.4)
Net earnings
$6,61427.5 $6,70630.6 (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)20262025
Net Earnings, after tax- as reported$5,235 $10,999 
Pre-tax Adjustments
Intangible Asset Amortization expense1,247 1,120 
Litigation related330 (6,966)
Orthopaedics Separation related119 — 
Acquisition, integration and divestiture related 96 132 
Restructuring related 1
62 55 
IPR&D impairments36 — 
(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 3.83.13.5
U.S.
International 9.16.58.0
WW Operational 7.4%4.6%6.4%
U.S. 9.6%5.9%8.3%
International4.3 %3.2%3.9%
Caplyta(1.9)(1.2)
U.S.(3.3)(2.2)
International0.00.0
All Other Acquisitions and Divestitures (A&D)0.10.10.1
U.S. 0.00.20.1
International 0.20.00.1
WW Adjusted Operational Ex A&D5.6%4.7%5.3%
U.S.6.3%6.1%6.2%
International4.5%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
20262025Reported
Operational(1)
Currency
INNOVATIVE MEDICINE SEGMENT(2)
ONCOLOGY
US$3,615 3,013 20.0 %20.0 %%
Intl3,358 2,664 26.0 15.3 10.7 
WW6,973 5,678 22.8 17.8 5.0 
DARZALEX
US2,208 1,829 20.7 20.7 — 
Intl1,756 1,409 24.7 14.0 10.7 
WW3,964 3,237 22.5 17.8 4.7 
CARVYKTI
US433 318 36.236.2— 
Intl164 51 ***
WW597 369 62.157.44.7
TECVAYLI
US127 105 20.6 20.6 — 
Intl74 46 63.152.111.0
WW202 151 33.5 30.1 3.4 
TALVEY
US101 68 48.5 48.5 — 
Intl51 18 ***
WW152 86 76.7 72.8 3.9 
RYBREVANT / LAZCLUZE
US175 113 55.155.1— 
Intl82 28 ***
WW257 141 82.780.52.2
ERLEADA
US342 292 17.3 17.3 — 
Intl607 479 26.7 15.5 11.2 
WW949 771 23.1 16.2 6.9 
IMBRUVICA
US143 235 (39.1)(39.1)— 
Intl517 474 9.1 (1.4)10.5 
WW660 709 (6.9)(13.9)7.0 
OTHER ONCOLOGY(3)
US85 54 58.8 58.8 — 
Intl106 160 (33.9)(36.3)2.4 
WW192 214 (10.6)(12.5)1.9 
See footnotes at end of schedule






Johnson & Johnson
Segment sales
(Dollars in Millions)
FIRST QUARTER
% Change
20262025Reported
Operational(1)
Currency
INNOVATIVE MEDICINE SEGMENT(2)(Continued)
IMMUNOLOGY
US$1,855 2,196 (15.5)%(15.5)%%
Intl1,524 1,510 0.9 (6.4)7.3 
WW3,380 3,707 (8.8)(11.8)3.0 
TREMFYA
US1,042 599 73.9 73.9 — 
Intl566 356 58.9 46.8 12.1 
WW1,608 956 68.3 63.8 4.5 
SIMPONI / SIMPONI ARIA
US269 292 (7.8)(7.8)— 
Intl378 366 3.0 (4.1)7.1 
WW647 659 (1.7)(5.7)4.0 
REMICADE
US269 314 (14.4)(14.4)— 
US Exports(4)
18 10 78.6 78.6 — 
Intl136 143 (4.8)(10.5)5.7 
WW422 467 (9.5)(11.2)1.7 
STELARA
US220 981 (77.6)(77.6)— 
Intl435 644 (32.4)(37.7)5.3 
WW656 1,625 (59.7)(61.7)2.0 
OTHER IMMUNOLOGY
US38 1 **— 
Intl9 0 ***
WW46 1 ***
NEUROSCIENCE
US1,494 968 54.3 54.3 — 
Intl681 679 0.3 (6.3)6.6 
WW2,175 1,647 32.0 29.3 2.7 
SPRAVATO
US406 276 47.0 47.0 — 
Intl61 43 42.4 28.7 13.7 
WW468 320 46.4 44.5 1.9 
CAPLYTA(5)
US270  **— 
Intl  — — — 
WW270  **— 
INVEGA SUSTENNA / XEPLION / INVEGA
TRINZA / TREVICTA
US758 625 21.2 21.2 — 
Intl280 277 1.1 (4.9)6.0 
WW1,038 903 15.013.21.8 
CONCERTA / methylphenidate
US22 38 (43.4)(43.4)— 
Intl115 110 4.3 (0.6)4.9 
WW136 148 (8.0)(11.7)3.7 
OTHER NEUROSCIENCE
US38 28 32.6 32.6 — 
Intl224 248 (9.7)(16.3)6.6 
WW262 277 (5.4)(11.3)5.9 
See footnotes at end of schedule



Johnson & Johnson
Segment sales
(Dollars in Millions)
FIRST QUARTER
% Change
20262025Reported
Operational(1)
Currency
INNOVATIVE MEDICINE SEGMENT(2)(Continued)
PULMONARY HYPERTENSION (PH)
US$831 744 11.7 %11.7 %%
Intl304 281 8.2 1.0 7.2 
WW1,135 1,025 10.7 8.7 2.0 
UPTRAVI
US385 365 5.4 5.4 — 
Intl98 86 14.3 5.1 9.2 
WW483 451 7.1 5.4 1.7 
OPSUMIT / OPSYNVI
US433 363 19.3 19.3 — 
Intl172 159 8.7 1.7 7.0 
WW606 522 16.1 14.0 2.1 
OTHER PULMONARY HYPERTENSION
US12 15 (21.1)(21.1)— 
Intl34 37 (8.3)(11.8)3.5 
WW46 52 (12.1)(14.5)2.4 
INFECTIOUS DISEASES (ID)
US342 315 8.6 8.6 — 
Intl547 487 12.2 1.3 10.9 
WW889 802 10.8 4.1 6.7 
EDURANT / rilpivirine
US7 8 (13.1)(13.1)— 
Intl402 350 14.8 3.2 11.6 
WW409 358 14.1 2.8 11.3 
PREZISTA / PREZCOBIX / REZOLSTA / SYMTUZA
US334 305 9.5 9.5 — 
Intl109 98 11.2 0.7 10.5 
WW443 403 10.0 7.4 2.6 
OTHER INFECTIOUS DISEASES
US1 2 (56.9)(56.9)— 
Intl36 39 (8.3)(14.7)6.4 
WW37 41 (10.4)(16.5)6.1 
CARDIOVASCULAR / METABOLISM / OTHER (CVM)
US734 855 (14.2)(14.2)— 
Intl142 158 (10.4)(17.5)7.1 
WW876 1,013 (13.6)(14.7)1.1 
XARELTO
US642 690 (7.0)(7.0)— 
Intl  — — — 
WW642 690 (7.0)(7.0)— 
OTHER
US91 165 (44.5)(44.5)— 
Intl142 158 (10.4)(17.5)7.1 
WW233 323 (27.8)(31.2)3.4 
See footnotes at end of schedule



Johnson & Johnson
Segment sales
(Dollars in Millions)
FIRST QUARTER
% Change
20262025Reported
Operational(1)
Currency
INNOVATIVE MEDICINE SEGMENT(2)(Continued)
TOTAL PH, ID, CVM
US1,907 1,914 
(0.4)(0.4)— 
Intl993 926 
7.1 (2.0)9.1 
WW2,899 2,840 2.1 (0.9)3.0 
TOTAL INNOVATIVE MEDICINE
US8,871 8,092 9.6 9.6  
Intl6,555 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
20262025Reported
Operational(1)
Currency
MEDTECH SEGMENT(2)
CARDIOVASCULAR
US$1,399 1,261 10.9%10.9%%
Intl978 842 16.1 9.9 6.2 
WW2,377 2,103 13.0 10.5 2.5 
ELECTROPHYSIOLOGY
US736 684 7.6 7.6 — 
Intl753 638 18.0 11.7 6.3 
WW1,489 1,323 12.6 9.5 3.1 
ABIOMED
US389 339 14.5 14.5 — 
Intl100 81 23.5 13.9 9.6 
WW488 420 16.3 14.4 1.9 
SHOCKWAVE
US242 206 17.817.8— 
Intl63 52 21.319.32.0 
WW305 258 18.518.10.4 
OTHER CARDIOVASCULAR
US32 32 0.7 0.7 — 
Intl62 72 (13.4)(17.5)4.1 
WW94 103 (9.1)(11.9)2.8 
SURGERY
US1,046 1,002 4.4 4.4 — 
Intl1,465 1,394 5.1 (1.1)6.2 
WW2,511 2,396 4.8 1.2 3.6 
ADVANCED
US477 457 4.2 4.2 — 
Intl646 616 4.9 (1.0)5.9 
WW1,123 1,073 4.6 1.2 3.4 
GENERAL
US569 544 4.5 4.5 — 
Intl819 778 5.2 (1.3)6.5 
WW1,388 1,323 4.9 1.1 3.8 
See footnotes at end of schedule



Johnson & Johnson
Segment sales
(Dollars in Millions)
FIRST QUARTER
% Change
20262025Reported
Operational(1)
Currency
MEDTECH SEGMENT(2)(Continued)
VISION
US$579 566 2.4%2.4%%
Intl785 713 10.1 4.6 5.5 
WW1,365 1,279 6.7 3.6 3.1 
CONTACT LENSES / OTHER
US468 452 3.7 3.7 — 
Intl501 467 7.2 1.7 5.5 
WW969 919 5.5 2.7 2.8 
SURGICAL
US111 114 (2.9)(2.9)— 
Intl285 246 15.6 10.1 5.5 
WW396 361 9.7 6.0 3.7 
ORTHOPAEDICS
US1,435 1,384 3.7 3.7 — 
Intl948 857 10.6 2.4 8.2 
WW2,383 2,241 6.3 3.2 3.1 
HIPS
US277 263 5.2 5.2 — 
Intl159 146 8.9 0.3 8.6 
WW436 409 6.5 3.5 3.0 
KNEES
US239 231 3.3 3.3 — 
Intl181 158 14.6 6.5 8.1 
WW420 389 7.9 4.6 3.3 
TRAUMA
US532 502 6.1 6.1 — 
Intl301 270 11.4 3.1 8.3 
WW833 772 8.0 5.0 3.0 
SPINE, SPORTS & OTHER
US387 388 (0.1)(0.1)— 
Intl307 283 8.4 0.7 7.7 
WW694 671 3.5 0.2 3.3 
TOTAL MEDTECH
US4,459 4,213 5.9 5.9  
Intl4,177 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