ResMed Q1 FY2027 net income rises to $418M

Fiscal 2027 revenue and non-GAAP diluted EPS guidance remained unchanged, while the board declared a $0.66 quarterly dividend payable December 17.

Rhea-AI Filing Summary

ResMed Inc. reported first-quarter fiscal 2027 revenue of $1,414.8 million, up 6% from $1,335.6 million in the prior-year quarter. Net income was $418.4 million versus $348.5 million; diluted GAAP EPS was $2.92, compared with $2.37, and non-GAAP diluted EPS was $2.91 versus $2.55. Core constant-currency revenue growth was 7%, compared with 8%.

Operating cash flow was $422.4 million, compared with $457.3 million a year earlier. Fiscal 2027 guidance remained unchanged: reported revenue of $5.75–$5.85 billion, core constant-currency revenue growth of 5%–7%, and non-GAAP diluted EPS of $12.00–$12.25. Cash flows included $450.8 million of proceeds from divestment of subsidiaries, net of cash divested.

The board declared a quarterly cash dividend of $0.66 per share, payable December 17, 2026, to holders of record November 12; the ex-dividend date is November 11. CDI holders receive an equivalent amount in Australian currency, reflecting the 10:1 ratio between CDIs and NYSE shares. Prior-period expense reclassifications had no effect on previously reported income from operations, net income, earnings per share, or cash flows.

2 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

How the balance works

Positive

• Moderate pointRevenue grew 6% to $1,414.8 million year over year.
• Moderate pointNet income was $418.4 million, versus $348.5 million a year earlier.

Negative

• Moderate pointOperating cash flow declined to $422.4 million from $457.3 million.

Filing Explained

ResMed received an ASX waiver to defer processing conversions between its common-stock and CDI registers from November 11 through November 12, 2026, spanning the dividend’s ex-dividend and record dates; conversion processing can therefore be delayed during that window.

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Revenue: $1,414.8 million Net income: $418.4 million Diluted earnings per share: $2.92 +4 more

7 metrics

Revenue $1,414.8 million Three months ended September 30, 2026; $1,335.6 million in the prior-year quarter

Net income $418.4 million Three months ended September 30, 2026; $348.5 million in the prior-year quarter

Diluted earnings per share $2.92 Three months ended September 30, 2026; $2.37 in the prior-year quarter

Non-GAAP diluted earnings per share $2.91 Three months ended September 30, 2026; $2.55 in the prior-year quarter

Operating cash flow $422.4 million Three months ended September 30, 2026; $457.3 million in the prior-year quarter

Quarterly cash dividend $0.66 per share Declared October 29, 2026

Divestment proceeds $450.8 million Proceeds from divestment of subsidiaries, net of cash divested, during the quarter

Key Terms

core constant currency, non-GAAP diluted earnings per share, CHESS Depositary Interests, ex-dividend date, +1 more

5 terms

core constant currency financial

"Core constant currency revenue growth was 7%"

non-GAAP diluted earnings per share financial

"non-GAAP diluted EPS was $2.91"

Non-GAAP diluted earnings per share is a company’s per-share profit figure that starts with reported net income but then removes or alters certain items (like one-time charges, stock-based pay, or other adjustments) and divides by the number of shares after accounting for things that could dilute ownership. Investors use it as a “cleaned-up” measure to judge ongoing profit on a per-share basis, but because companies choose what to adjust, it can be more subjective than the standard GAAP metric—like comparing a regular bank statement to one that omits irregular expenses to show a steadier month-to-month picture.

CHESS Depositary Interests financial

"Holders of CHESS Depositary Interests (CDIs)"

CHESS depositary interests are tradable certificates used on the Australian settlement system that represent ownership of underlying foreign shares held by a custodian. They let investors buy and sell foreign-listed stocks on the local exchange as if they were domestic shares, simplifying trading, dividend collection and record-keeping, though they may involve custodian fees and can alter certain direct shareholder rights and tax treatments.

ex-dividend date financial

"The ex-dividend date is November 11, 2026"

The ex-dividend date is the date when a stock starts trading without the value of its next dividend payment included. If you buy the stock on or after this date, you won't receive that upcoming dividend; only those who owned the stock before this date are entitled to it. It matters to investors because it determines who is eligible to receive the dividend and can influence the stock’s price around that time.

net cash provided by operating activities financial

"Net cash provided by operating activities"

Cash a company actually generates from its regular business activities during a reporting period, after accounting for day-to-day receipts and payments and excluding one-time financing or investing moves. Think of it as the cash left over from running a store each month after paying suppliers, wages and handling changes in inventory and customer payments, not counting loans or asset sales. Investors use it to judge whether the business can fund operations, pay debts and grow without relying on outside cash.

Earnings Snapshot

Revenue: $1,414.8 million · Guidance included

First quarter of fiscal year 2027

Revenue $1,414.8 million 6% growth year over year

Net income $418.4 million Compared with $348.5 million in the prior-year quarter

Diluted earnings per share $2.92 Compared with $2.37 in the prior-year quarter

Non-GAAP diluted earnings per share $2.91 Compared with $2.55 in the prior-year quarter

Operating cash flow $422.4 million Compared with $457.3 million in the prior-year quarter

Guidance

Fiscal 2027 guidance was unchanged: reported revenue of $5.75–$5.85 billion, core constant-currency revenue growth of 5%–7%, and non-GAAP diluted EPS of $12.00–$12.25.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were RMD's first-quarter fiscal 2027 results?

ResMed reported revenue of $1,414.8 million, up 6% from $1,335.6 million in the prior-year quarter. Net income was $418.4 million versus $348.5 million. Diluted GAAP EPS was $2.92, compared with $2.37, and non-GAAP diluted EPS was $2.91 versus $2.55.

Did RMD change its fiscal 2027 guidance?

Fiscal 2027 guidance was unchanged from August 6, 2026: reported revenue of $5.75–$5.85 billion, core constant-currency revenue growth of 5%–7%, and non-GAAP diluted EPS of $12.00–$12.25.

What dividend did RMD declare, and when is it payable?

ResMed declared a quarterly cash dividend of $0.66 per share, payable December 17, 2026, to holders of record November 12, 2026. The ex-dividend date is November 11, 2026. CDI holders receive an equivalent amount in Australian currency, reflecting the 10:1 ratio between CDIs and NYSE shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/29/2026 - 04:07 PM EDT Accepted by SEC EDGAR 10/29/2026 - 04:05 PM EDT Learn about SEC filing dates

RESMED INC US false 0000943819 0000943819 2026-10-29 2026-10-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Under Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

October 29, 2026

ResMed Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware		001-15317		98-0152841
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

9001 Spectrum Center Blvd.

San Diego, California 92123

(Address of Principal Executive Offices)

(858) 836-5000

(Registrant’s telephone number, including area code)

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))

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, $0.004 par value		RMD		NYSE

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. ☐

Item 2.02. Results of Operations and Financial Condition.

On October 29, 2026, we issued the press release furnished as Exhibit 99.1. The press release describes the results of our operations for the quarter ended September 30, 2026.

The information furnished in this Current Report on Form 8-K under Item 2.02 and the attached exhibit shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 8.01. Other Events.

On October 29, 2026, we announced that our board of directors declared a quarterly cash dividend of US $0.66 per share. The dividend will have a record date of November 12, 2026, payable on December 17, 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 November 11, 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 November 11, 2026, through November 12, 2026, inclusive.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibits:		Description of Document
99.1		Press Release dated October 29, 2026, regarding results of operations
104		Cover Page Interactive Data File (embedded within the Inline XBRL, document)

-2-

SIGNATURES

We have authorized the person whose signature appears below to sign this report on our behalf, in accordance with the Securities Exchange Act of 1934.

Date: October 29, 2026				ResMed Inc.
				(registrant)
				By:		/s/ Aaron Bloomer
				Name:		Aaron Bloomer
				Its:		Chief Financial Officer

-3-

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 First Quarter of Fiscal Year 2027

• Q1 revenue increased by 6% to $1.4 billion; up 7% on a core constant currency basis

• Q1 GAAP diluted earnings per share up 23% to $2.92; non-GAAP diluted EPS up 14% to $2.91

• Returned more than $1.0 billion to shareholders through share repurchases and dividends during Q1

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, October 29, 2026 – Resmed Inc. (NYSE: RMD, ASX: RMD) today announced results for its quarter ended September 30, 2026.

“We began fiscal year 2027 with a strong first quarter, driven by continued global demand for our sleep and breathing health solutions and ongoing execution across our business,” said Resmed’s Chairman and CEO, Mick Farrell. “Year over year, we grew core constant currency revenue 7%, expanded non-GAAP gross margin by 50 basis points, and increased non-GAAP earnings per share by 14%. Our strong free cash flow and the proceeds from our divestiture of MatrixCare enabled us to both invest in innovation and return more than $1 billion to shareholders during the quarter.”

“Looking ahead to the rest of fiscal year 2027, we will continue to build our core sleep and breathing health businesses by extending the reach of our digital health ecosystem and connecting more of the people worldwide who need care with life-saving treatment delivered right in their own home.”

Other Business and Operational Highlights

• Closed the previously announced divestiture of the MatrixCare business.

• Announced the U.S. launch of the AirTouch F40, the newest addition to Resmed’s growing portfolio of fabric CPAP masks.

• Partnered with Eight Sleep to connect its technology with Resmed sleep insights for people in the U.S. and Australia, and with 23XI Racing NASCAR driver Tyler Reddick, following his sleep apnea diagnosis, to help others recognize the signs and seek treatment.

• Announced appointment of Carol Burt as Lead Director, effective November 15, 2026, after the planned retirement of Director Ron Taylor.

RMD First Quarter 2027 Earnings Press Release – October 29, 2026 Page 2 of 13

Financial Results and Operating Metrics

(Unaudited; $ in millions, except for per share amounts)

		Three Months Ended
		September 30, 2026				September 30, 2025				% Change				Constant Currency (A)
Revenue		$	1,415			$	1,336				6	%			6	%
Gross margin (D)			61.5	%			61.2	%			30 bps
Non-GAAP gross margin (B)			62.5	%			62.0	%			50 bps
Research and development expenses (D)			103				89				15				13
Non-GAAP research and development expenses (B)			102				87				16				14
Selling, general, and administrative expenses (D)			315				282				12				11
Non-GAAP selling, general, and administrative expenses(B)			276				259				6				6
Income from operations			453				447				1
Operating margin			32.0	%			33.4	%			(140) bps
Non-GAAP income from operations (B)			506				482				5
Non-GAAP operating margin (B)			35.8	%			36.1	%			(30) bps
Net income			418				349				20
Non-GAAP net income (B)			418				375				12
Diluted earnings per share		$	2.92			$	2.37				23
Non-GAAP diluted earnings per share (B)		$	2.91			$	2.55				14
Operating cash flow			422				457				(8	)
Free cash flow (C)			374				414				(10	)

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. Revenue growth on a core constant currency basis, which also excludes the impact of the Noctrix acquisition and the divestiture of the MatrixCare business, was 7%.

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.

D. During the first quarter of fiscal year 2027, we revised the presentation of restructuring expenses and amortization of acquired intangibles. Restructuring expenses, which were previously presented as a separate line item within operating expenses, are now classified within cost of sales, research and development expenses, and selling, general and administrative expenses based on the function of the associated costs. Amortization of acquired intangibles relating to cost of sales is no longer presented as a separate line item within cost of sales. Amortization of acquired intangibles relating to operating expenses are now classified within selling, general and administrative expenses. Prior-period amounts have been reclassified to conform to the current-period presentation. See reconciliation of reclassification of prior-period amounts at the end of the press release.

Discussion of First Quarter Results

All comparisons are to the prior year period unless otherwise noted

• Strong revenue growth: Revenue increased 6% (7% in core constant currency) to approximately $1.4 billion, primarily driven by strong demand across sleep devices and masks and accessories.

• Global momentum: On a core constant currency basis, Americas Sleep and Breathing Health revenue grew 7%, Rest of World Sleep and Breathing Health grew 8%, and Residential Care Software revenue increased 5%.

• Healthy profitability: GAAP gross margin of 61.5%. Non-GAAP gross margin increased 50 basis points to 62.5%, predominantly from productivity pipeline execution.

• Robust earnings growth: GAAP operating margin of 32.0% and GAAP diluted earnings per share of $2.92. Non-GAAP operating margin of 35.8% and non-GAAP diluted earnings per share of $2.91, up 14% year-over-year, predominantly attributable to strong revenue growth and gross margin improvement.

• Strong cash generation: Operating cash flow totaled $422 million and free cash flow totaled $374 million. Proceeds from the sale of MatrixCare and strong cash flows supported $1.0 billion returned to shareholders through dividends and share repurchases while maintaining investment in innovation and growth initiatives.

RMD First Quarter 2027 Earnings Press Release – October 29, 2026 Page 3 of 13

Fiscal Year 2027 guidance

Metric		FY 2027 Guidance as of August 6, 2026		FY 2027 Guidance as of October 29, 2026		Change
Revenue		Core Constant Currency: 5 - 7% growth		Core Constant Currency: 5 - 7% growth			—
		Reported: $5.75 - $5.85 Billion		Reported: $5.75 - $5.85 Billion			—
Non-GAAP Diluted EPS		$12.00 - $12.25		$12.00 - $12.25			—

Dividend program

The Resmed board of directors today declared a quarterly cash dividend of $0.66 per share. The dividend will have a record date of November 12, 2026, payable on December 17, 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 November 11, 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 November 11, 2026, through November 12, 2026, inclusive.

Webcast details

Resmed will discuss its first quarter fiscal year 2027 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 “Q1 2027 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 13762822. The telephone replay will be available until November 12, 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.

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, results of operations, new product development, new product launches, new markets for its products, the integration of acquisitions and success of strategic initiatives, including divestitures, 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 First Quarter 2027 Earnings Press Release – October 29, 2026 Page 4 of 13

RESMED INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

(Unaudited; $ in thousands, except for per share amounts)

		Three Months Ended
		September 30, 2026				September 30, 2025
Net revenue		$	1,414,814			$	1,335,582
Cost of sales (2)			544,247				517,918
Gross profit (2)			870,567				817,664
Research and development (2)			102,860				89,479
Selling, general, and administrative (2)			314,723				281,648
Total operating expenses			417,583				371,127
Income from operations			452,984				446,537
Other income (expenses), net:
Interest (expense) income, net			16,384				8,793
Gain (loss) attributable to equity method investments			1,884				1,489
Gain (loss) on equity investments			5,719				(6,190	)
Other, net			62,184				(3,836	)
Total other income (expenses), net			86,171				256
Income before income taxes			539,155				446,793
Income taxes			120,742				98,257
Net income		$	418,413			$	348,536
Basic earnings per share		$	2.93			$	2.38
Diluted earnings per share		$	2.92			$	2.37
Non-GAAP diluted earnings per share (1)		$	2.91			$	2.55
Basic shares outstanding			142,989				146,182
Diluted shares outstanding			143,411				146,899

(1) See the reconciliation of non-GAAP financial measures in the table at the end of the press release.

(2) During the first quarter of fiscal year 2027, we revised the presentation of restructuring expenses and amortization of acquired intangibles. Restructuring expenses, which were previously presented as a separate line item within operating expenses, are now classified within cost of sales, research and development expenses, and selling, general and administrative expenses based on the function of the associated costs. Amortization of acquired intangibles relating to cost of sales is no longer presented as a separate line item within cost of sales. Amortization of acquired intangibles relating to operating expenses are now classified within selling, general and administrative expenses. Prior-period amounts have been reclassified to conform to the current-period presentation. See reconciliation of reclassification of prior-period amounts at the end of the press release.

– More –

RMD First Quarter 2027 Earnings Press Release – October 29, 2026 Page 5 of 13

RESMED INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Unaudited; $ in thousands)

		September 30, 2026				June 30, 2026
Assets
Current assets:
Cash and cash equivalents		$	1,010,742			$	1,469,234
Accounts receivable, net			972,498				1,036,233
Inventories			1,021,358				945,805
Prepaid expenses and other current assets			504,323				416,081
Assets held for sale			—				457,386
Total current assets		$	3,508,921			$	4,324,739
Non-current assets:
Property, plant, and equipment, net		$	601,787			$	581,829
Operating lease right-of-use assets			196,688				153,167
Goodwill and other intangibles, net			3,350,913				3,362,312
Deferred income taxes and other non-current assets			553,502				543,903
Total non-current assets		$	4,702,890			$	4,641,211
Total assets		$	8,211,811			$	8,965,950
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable		$	320,677			$	308,923
Accrued expenses			480,166				494,921
Operating lease liabilities, current			31,527				29,141
Deferred revenue			171,647				162,911
Income taxes payable			160,228				98,108
Short-term debt			159,975				259,950
Liabilities held for sale			—				41,156
Total current liabilities		$	1,324,220			$	1,395,110
Non-current liabilities:
Deferred revenue		$	174,209			$	170,951
Deferred income taxes			62,651				64,640
Operating lease liabilities, non-current			169,447				137,413
Other long-term liabilities			283,965				213,028
Long-term debt			249,629				399,415
Total non-current liabilities		$	939,901			$	985,447
Total liabilities		$	2,264,121			$	2,380,557
Stockholders’ equity
Common stock		$	764			$	764
Additional paid-in capital			2,133,418				2,190,614
Retained earnings			7,578,580				7,255,121
Treasury stock			(3,633,335	)			(2,778,591	)
Accumulated other comprehensive loss			(131,737	)			(82,515	)
Total stockholders’ equity		$	5,947,690			$	6,585,393
Total liabilities and stockholders’ equity		$	8,211,811			$	8,965,950

– More –

RMD First Quarter 2027 Earnings Press Release – October 29, 2026 Page 6 of 13

RESMED INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited; $ in thousands)

		Three Months Ended
		September 30, 2026				September 30, 2025
Cash flows from operating activities:
Net income		$	418,413			$	348,536
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization			41,741				47,698
Amortization of right-of-use assets			10,090				9,971
Stock-based compensation costs			29,475				21,160
(Gain) loss attributable to equity method investments			(1,884	)			(1,489	)
(Gain) loss on equity investments			(5,719	)			6,190
(Gain) loss on divestment of subsidiaries			(61,784	)			—
Non-cash restructuring expenses			6,242				—
Changes in operating assets and liabilities:
Accounts receivable, net			64,839				29,970
Inventories			(71,764	)			(14,663	)
Prepaid expenses, net deferred income taxes and other current assets			(69,988	)			2,312
Accounts payable, accrued expenses, income taxes payable and other			62,761				7,636
Net cash provided by (used in) operating activities		$	422,422			$	457,321
Cash flows from investing activities:
Purchases of property, plant, and equipment			(48,740	)			(42,965	)
Patent registration and acquisition costs			(2,432	)			(2,814	)
Business acquisitions, net of cash acquired			(7,487	)			(522	)
Purchases of investments			(2,721	)			(2,173	)
Proceeds from divestment of subsidiaries, net of cash divested			450,820				—
Proceeds (payments) on maturity of foreign currency contracts			2,615				(4,104	)
Net cash provided by (used in) investing activities		$	392,055			$	(52,578	)
Cash flows from financing activities:
Proceeds from issuance of common stock, net			3,654				8,205
Purchases of treasury stock			(936,378	)			(150,010	)
Taxes paid related to net share settlement of equity awards			(325	)			(719	)
Repayment of borrowings			(250,000	)			—
Dividends paid			(94,954	)			(87,750	)
Net cash provided by (used in) financing activities		$	(1,278,003	)		$	(230,274	)
Effect of exchange rate changes on cash		$	5,034			$	(71	)
Net increase (decrease) in cash and cash equivalents			(458,492	)			174,398
Cash and cash equivalents at beginning of period			1,469,234				1,209,450
Cash and cash equivalents at end of period		$	1,010,742			$	1,383,848

– More –

RMD First Quarter 2027 Earnings Press Release – October 29, 2026 Page 7 of 13

RESMED INC. AND SUBSIDIARIES

Reconciliation of Non-GAAP Financial Measures

(Unaudited; $ in millions, except for per share amounts)

In addition to financial information prepared in accordance with GAAP, we use certain non-GAAP financial measures, such as non-GAAP core constant currency basis, non-GAAP gross profit, non-GAAP gross margin, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income, and non-GAAP diluted earnings per share, in evaluating the performance of our business. We believe that these non-GAAP financial measures, when reviewed in conjunction with GAAP financial measures, can provide investors better insight when evaluating our performance from core operations and can provide more consistent financial reporting across periods. For these reasons, we use non-GAAP information internally in planning, forecasting, and evaluating the results of operations in the current period and in comparing it to past periods. These non-GAAP financial measures should be considered in addition to, and not superior to or as a substitute for, GAAP financial measures. We strongly encourage investors and shareholders to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. 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. Non-GAAP financial measures as presented herein may not be comparable to similarly titled measures used by other companies.

The non-GAAP financial measures included in this release and the accompanying tables (including within the tables that provide our detailed reconciliations to the corresponding GAAP financial measures) are adjusted for the impact of acquisitions and divestitures, amortization of acquired intangibles, restructuring and business transformation expenses, acquisition and divestment-related expenses, gains on divestment of subsidiaries, and associated tax effects, in addition to the tax effect of interest and penalties on tax refunds.

We have not included a reconciliation of forward-looking non-GAAP financial measures where we are unable to provide a meaningful or accurate calculation or estimation of reconciling items, and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of our control, or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.

Non-GAAP measures are reconciled to their most directly comparable GAAP financial measures below (in millions, except percentages):

		Three Months Ended
		September 30, 2026				September 30, 2025
GAAP total revenue growth			6	%			9	%
Impact of:
Acquisitions/divestitures (A)			1				—
Effect of foreign currency fluctuations (A)			—				(1	)
Non-GAAP core constant currency total revenue growth			7	%			8	%

A. In order to provide a framework for assessing how our underlying businesses performed excluding the impact of the Noctrix acquisition and the divestiture of the MatrixCare business and the effect of foreign currency fluctuations, when applicable, we provide certain financial information on a “core 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.

RMD First Quarter 2027 Earnings Press Release – October 29, 2026 Page 8 of 13

RESMED INC. AND SUBSIDIARIES

Reconciliation of Non-GAAP Financial Measures

(Unaudited; $ in millions, except for per share amounts)

		Three Months Ended September 30, 2026
		Gross profit				Research and development expenses				Selling, general, and administrative expenses				Income from operations				Total other income (loss), net				Income tax expense				Net income				Diluted earnings per share
GAAP		$	871			$	103			$	315			$	453			$	86			$	121			$	418			$	2.92
Amortization of acquired intangibles			5				—				(8	)			14				—				4				10				0.07
Restructuring and business transformation expenses			8				(1	)			(20	)			29				—				7				22				0.16
Acquisition and divestment related expenses			—				—				(10	)			10				—				—				10				0.07
Gain on divestment of subsidiary			—				—				—				—				(62	)			(7	)			(55	)			(0.38	)
Income tax effect of interest income on tax refunds			—				—				—				—				—				(12	)			12				0.07
Non-GAAP (A)		$	884			$	102			$	276			$	506			$	24			$	113			$	418			$	2.91

A. Totals may not add due to rounding.

		Three Months Ended September 30, 2025
		Gross profit				Research and development expenses				Selling, general, and administrative expenses				Income from operations				Total other income (loss), net				Income tax expense				Net income				Diluted earnings per share
GAAP		$	818			$	89			$	282			$	447			$	—			$	98			$	349			$	2.37
Amortization of acquired intangibles			8				—				(12	)			20				—				5				15				0.10
Restructuring and business transformation expenses			3				(2	)			(10	)			16				—				4				12				0.08
Non-GAAP (A)		$	829			$	87			$	259			$	482			$	—			$	108			$	375			$	2.55

A. Totals may not add due to rounding.

RMD First Quarter 2027 Earnings Press Release – October 29, 2026 Page 9 of 13

RESMED INC. AND SUBSIDIARIES

Revenue by Product and Region

(Unaudited; $ in millions)

		Three Months Ended
		September 30, 2026				(A)		September 30, 2025				(A)		% Change				Core Constant Currency (B)
Americas
Sleep Devices		$	436					$	405						8	%			6	%
Masks and other			397						361						10				10
Total Sleep		$	833					$	766						9				8
Life Support Devices			—						9						(94	)			(94	)
Total Americas Sleep and Breathing Health		$	833					$	775						8				7
Rest of World
Sleep Devices		$	280					$	250						12	%			13	%
Masks and other			143						128						12				11
Total Sleep		$	423					$	378						12				12
Life Support Devices			3						17						(79	)			(79	)
Total Rest of World Sleep and Breathing Health		$	426					$	395						8				8
Global revenue
Total Sleep Devices		$	716					$	655						9	%			9	%
Total Masks and other			540						489						10				10
Total Sleep		$	1,256					$	1,144						10				9
Total Life Support Devices			4						25						(84	)			(84	)
Total Sleep and Breathing Health		$	1,260					$	1,169						8				7
Residential Care Software			155						166						(7	)			5
Total		$	1,415					$	1,336						6	%			7	%

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 impact of the Noctrix acquisition and the divestiture of the MatrixCare business and the effect of foreign currency fluctuations, we provide certain financial information on a “core 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. Removing the MatrixCare business that we’ve now divested, the remaining businesses of Residential Care Software – Brightree and MEDIFOX DAN - increased by 8%.

– End –

RMD First Quarter 2027 Earnings Press Release – October 29, 2026 Page 10 of 13

RESMED INC. AND SUBSIDIARIES

Reclassification of Prior-period Amounts

(Unaudited; $ in thousands)

During the first quarter of fiscal year 2027, we revised the presentation of restructuring expenses and amortization of acquired intangibles in our condensed consolidated statements of operations. Restructuring expenses, which were previously presented as a separate line item within operating expenses, are now classified within cost of sales, research and development expenses, and selling, general and administrative expenses based on the function of the associated costs. In connection with this change, we renamed “restructuring expenses” as “restructuring and business transformation expenses” to reflect the broader nature of the costs included within this category. Amortization of acquired intangibles relating to cost of sales is no longer presented as a separate line item within cost of sales. Amortization of acquired intangibles relating to operating expenses are now classified within selling, general and administrative expenses.

Prior-period amounts have been reclassified to conform to the current-period presentation. The reclassifications had no effect on previously reported income from operations, income before income taxes, net income, earnings per share or cash flows. The following table reconciles previously reported amounts to the revised presentation (in thousands):

		Three Months Ended September 30, 2025
		As previously reported				Restructuring and business transformation expenses				Amortization of acquired intangibles				As reclassified
Cost of sales - Sleep and Breathing Health products		$	456,118			$	3,156			$	1,420			$	460,694
Cost of sales - Residential Care Software			50,823				—				6,401				57,224
Cost of sales (exclusive of amortization shown separately below)		$	506,941			$	3,156			$	7,821			$	517,918
Amortization of acquired intangible assets - Sleep and Breathing Health products			1,420				—				(1,420	)			—
Amortization of acquired intangible assets - Residential Care Software			6,401				—				(6,401	)			—
Amortization of acquired intangible assets		$	7,821			$	—			$	(7,821	)		$	—
Total cost of sales		$	514,762			$	3,156			$	—			$	517,918
Gross profit		$	820,820			$	(3,156	)		$	—			$	817,664
Research and development			87,323				2,156				—				89,479
Selling, general, and administrative			259,194				10,498				11,956				281,648
Amortization of acquired intangible assets			11,956				—				(11,956	)			—
Restructuring expenses			15,810				(15,810	)			—				—
Total operating expenses		$	374,283			$	(3,156	)		$	—			$	371,127
Income from operations		$	446,537			$	—			$	—			$	446,537

RMD First Quarter 2027 Earnings Press Release – October 29, 2026 Page 11 of 13

RESMED INC. AND SUBSIDIARIES

Reclassification of Prior-period Amounts

(Unaudited; $ in thousands)

The following tables reconcile previously reported quarterly 2026 amounts to the revised presentation (in thousands):

		Three Months Ended December 31, 2025
		As previously reported				Restructuring and business transformation expenses				Amortization of acquired intangibles				As reclassified
Cost of sales - Sleep and Breathing Health products		$	484,792			$	994			$	1,415			$	487,201
Cost of sales - Residential Care Software			51,484				—				6,393				57,877
Cost of sales (exclusive of amortization shown separately below)		$	536,276			$	994			$	7,808			$	545,078
Amortization of acquired intangible assets - Sleep and Breathing Health products			1,415				—				(1,415	)			—
Amortization of acquired intangible assets - Residential Care Software			6,393				—				(6,393	)			—
Amortization of acquired intangible assets		$	7,808			$	—			$	(7,808	)		$	—
Total cost of sales		$	544,084			$	994			$	—			$	545,078
Gross profit		$	878,724			$	(994	)		$	—			$	877,730
Research and development			90,969				1,233				—				92,202
Selling, general, and administrative			278,396				3,708				11,764				293,868
Amortization of acquired intangible assets			11,764				—				(11,764	)			—
Restructuring expenses			5,935				(5,935	)			—				—
Total operating expenses		$	387,064			$	(994	)		$	—			$	386,070
Income from operations		$	491,660			$	—			$	—			$	491,660

RMD First Quarter 2027 Earnings Press Release – October 29, 2026 Page 12 of 13

RESMED INC. AND SUBSIDIARIES

Reclassification of Prior-period Amounts

(Unaudited; $ in thousands)

		Three Months Ended March 31, 2026
		As previously reported				Restructuring and business transformation expenses				Amortization of acquired intangibles				As reclassified
Cost of sales - Sleep and Breathing Health products		$	481,722			$	—			$	1,421			$	483,143
Cost of sales - Residential Care Software			50,855				—				6,429				57,284
Cost of sales (exclusive of amortization shown separately below)		$	532,577			$	—			$	7,850			$	540,427
Amortization of acquired intangible assets - Sleep and Breathing Health products			1,421				—				(1,421	)			—
Amortization of acquired intangible assets - Residential Care Software			6,429				—				(6,429	)			—
Amortization of acquired intangible assets		$	7,850			$	—			$	(7,850	)		$	—
Total cost of sales		$	540,427			$	—			$	—			$	540,427
Gross profit		$	890,979			$	—			$	—			$	890,979
Research and development			94,267				—				—				94,267
Selling, general, and administrative			285,655				—				11,247				296,902
Amortization of acquired intangible assets			11,247				—				(11,247	)			—
Restructuring expenses			—				—				—				—
Total operating expenses		$	391,169			$	—			$	—			$	391,169
Income from operations		$	499,810			$	—			$	—			$	499,810

RMD First Quarter 2027 Earnings Press Release – October 29, 2026 Page 13 of 13

RESMED INC. AND SUBSIDIARIES

Reclassification of Prior-period Amounts

(Unaudited; $ in thousands)

		Three Months Ended June 30, 2026
		As previously reported				Restructuring and business transformation expenses				Amortization of acquired intangibles				As reclassified
Cost of sales - Sleep and Breathing Health products		$	539,975			$	—			$	2,011			$	541,986
Cost of sales - Residential Care Software			54,155				—				6,290				60,445
Cost of sales (exclusive of amortization shown separately below)		$	594,130			$	—			$	8,301			$	602,431
Amortization of acquired intangible assets - Sleep and Breathing Health products			2,011				—				(2,011	)			—
Amortization of acquired intangible assets - Residential Care Software			6,290				—				(6,290	)			—
Amortization of acquired intangible assets		$	8,301			$	—			$	(8,301	)		$	—
Total cost of sales		$	602,431			$	—			$	—			$	602,431
Gross profit		$	861,216			$	—			$	—			$	861,216
Research and development			105,726				—				—				105,726
Selling, general, and administrative			296,283				—				10,499				306,782
Amortization of acquired intangible assets			10,499				—				(10,499	)			—
Restructuring expenses			—				—				—				—
Total operating expenses		$	412,508			$	—			$	—			$	412,508
Income from operations		$	448,708			$	—			$	—			$	448,708

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 319.3 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 17.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.0 KB