Novartis AG Registered Shares

NOVN: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Novartis Earnings: Another Excellent Quarter of Margin Expansion; Full-Year Profit Guidance Raised

Jay Lee

Oct 27, 2026

Novartis' third-quarter net sales grew 4% at constant currency year on year, and core operating income grew 10%. Management raised its full-year guidance for core operating income to low-single-digit growth from a low-single-digit decline. The shares closed up 2% on Oct. 27.

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Novartis AG Registered Shares

Novartis Earnings: Another Excellent Quarter of Margin Expansion; Full-Year Profit Guidance Raised

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