UL Solutions Raises 2026 Growth Forecast to 6.5%
Businesses that buy testing and certification services are seeing sustained demand as the company reaffirms its margin outlook.
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 safety-science company also reaffirmed its adjusted EBITDA margin outlook at about 27%, with the growth outlook reflecting an estimated 70-basis-point reduction from business exits under its restructuring plan.
Why it matters
UL Solutions CFO Ryan Robinson attributed the stronger outlook to strong year-to-date results and continued momentum in key end markets. For operators in testing, certification and product compliance, the update signals that demand for third-party certification has held up despite geopolitical and macroeconomic uncertainty.
Third-quarter total revenue reached $823 million, up 5.1% from $783 million a year earlier, while adjusted EBITDA rose 8.3% to $235 million. The adjusted EBITDA margin widened to 28.6% from 27.7%, and the company operates testing and certification services across 110 countries.
The players
UL Solutions
A global safety science company that provides testing, inspection, and certification services to manufacturers across industries, operating in 110 countries.
Ryan Robinson
Chief Financial Officer of UL Solutions, who cited strong year-to-date results and end-market momentum as the basis for the raised outlook.
The details
The company's margin outlook includes approximately 200 basis points of underlying expansion, partly offset by about 90 basis points of additional transaction costs compared with 2025. The growth forecast includes an estimated 70-basis-point revenue reduction from business exits under the restructuring plan, up from the roughly 1% impact UL Solutions had estimated in its August 4 second-quarter update. Industrial and Consumer were the leading segments for organic growth in the third quarter.
Timeline
August 4, 2026: The 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%.
Market Landscape
The revision follows the company's own August 4 second-quarter update, which had estimated business exits would reduce revenue by about 1%, a figure the November outlook now carries at a larger 70-basis-point effect. Against that backdrop, the raised growth outlook and reaffirmed margin guidance indicate that its core testing and certification demand has outpaced the drag from the restructuring.
Operators in product testing, certification, and compliance-dependent manufacturing should treat the sustained demand signal as a sign that third-party validation spending remains steady. Businesses that rely on these services should monitor pricing and service availability as the company completes its business exits and absorbs roughly 90 basis points of added transaction costs.
The takeaway
The core operating insight is that a company can raise its growth outlook while restructuring, provided underlying demand holds up. Operators who depend on certification or testing vendors may find it useful to review service terms and lead times as the restructuring plays out, and to track the company's next quarterly update for whether the 70-basis-point exit impact changes.
Further reading
For more context on how companies revise guidance and restructure their portfolios, explore the Corporate Finance section.
