UL Solutions Raises 2026 Growth Forecast
The testing and certification firm lifted its full-year organic revenue outlook to about 6.5% after third-quarter results.
Updated on Nov. 3, 2026 in Corporate Finance
UL Solutions raised its full-year 2026 constant-currency organic revenue growth forecast to approximately 6.5%, after reporting 7% organic growth in the third quarter. The company reaffirmed its adjusted EBITDA margin outlook at approximately 27%.
Why it matters
The company cited strong year-to-date results and continued momentum in key end markets as the basis for strengthening its outlook. Geopolitical and macroeconomic uncertainty could still affect customer demand, and the company could not estimate the future impact of reduced or delayed testing or product development.
UL Solutions reported third-quarter total revenue of $823 million, up 5.1% from $783 million a year earlier, and adjusted EBITDA of $235 million, up 8.3%. The growth forecast includes an estimated 70-basis-point revenue reduction from business exits, while the company cannot yet estimate the future effect of reduced or delayed testing.
The players
UL Solutions
A global testing, inspection and certification company that provides services in 110 countries, with its products and services spanning safety, sustainability and compliance testing.
Ryan Robinson
The chief financial officer of UL Solutions, who cited strong year-to-date results and continued end-market momentum as reasons for the stronger outlook.
The details
The raised growth outlook follows 7% organic revenue growth in the third quarter, with Industrial and Consumer as the leading segments. The margin outlook includes approximately 200 basis points of underlying expansion, partly offset by about 90 basis points of additional transaction costs compared with 2025.
Timeline
August 4, 2026: The company's second-quarter update estimated business exits would reduce revenue by about 1%.
September 30, 2026: The third-quarter period ended with $823 million in revenue.
November 3, 2026: UL Solutions raised its full-year 2026 organic growth outlook to approximately 6.5%.
Restructuring Trajectory
The company's August 4 second-quarter update estimated business exits would reduce revenue by about 1%, and the revised outlook now places that drag at roughly 70 basis points. The raised full-year forecast shows the restructuring plan's revenue effect is shrinking relative to underlying demand.
Investors tracking UL Solutions can use the raised 6.5% organic growth forecast and the reaffirmed 27% adjusted EBITDA margin outlook to reassess expected earnings. The company's own caution about geopolitical uncertainty and possible reductions in testing demand is a factor to weigh alongside the stronger figures.
The takeaway
A raised growth forecast paired with a reaffirmed margin outlook suggests UL Solutions expects steady demand despite restructuring. Readers tracking the company should watch whether the business-exit drag stays near 70 basis points in future updates.
Further reading
For broader context on how companies revise guidance during restructuring, explore Corporate Finance coverage.
