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Earnings analysis · 10-Q

AZTA earnings analysis

Filed May 8, 2026 · Our reading of the company's report

The latest report

Azenta reported a Q2 FY2026 revenue of $145 million, slightly missing estimates of $148 million. The company's diluted EPS was -$3.49, significantly lower than the expected $0.13, largely impacted by a goodwill…

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Azenta reported a Q2 FY2026 revenue of $145 million, slightly missing estimates of $148 million. The company's diluted EPS was -$3.49, significantly lower than the expected $0.13, largely impacted by a goodwill impairment charge of $149 million. Despite some recent revenue growth in segments, management revised down its full-year revenue guidance to a range of $603 to $621 million.

Read the original on SEC.gov

Gross and operating margin

How much of each revenue dollar the business keeps.

47% Gross margin Operating margin Feb 2024 May 2026

One point per quarterly or annual filing. Both margins are shares of that report's revenue.

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $57 Operating expenses $158 Left as operating profit $-115

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Where revenue came from

The business segments reported by the company.

Sample Management Solutions 56.0% Multiomics 44.0%

Shares of the segments disclosed in this filing, largest first.

How we read each report

Our analysis across the last few reports.

Read as bullish Read as bearish Nov 2023 May 2026

Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.

Reported figures

Earnings per share
$-3.49

What stood out

  • Revenue Slightly Misses Estimates

    Reported revenue was $145 million, compared to estimates of $148 million.

  • Significant EPS Miss

    Diluted EPS was -$3.49, missing analyst expectations of $0.13.

  • Goodwill Impairment Charge

    A non-cash goodwill impairment charge of $149 million significantly affected earnings.

  • Segment Revenue Growth

    SMS segment revenue grew 1.6% YoY to $81.1 million, while Multiomics grew 0.3% to $63.7 million.

  • Cash Position Remains Strong

    Cash and cash equivalents totaled $234 million as of March 31, 2026.

  • Improved Operating Cash Flow

    Operating cash inflow was $34.4 million for the six months ended March 31, 2026.

What to watch

  • Failure to Complete B Medical Sale

    Thelema has not secured financing for the B Medical Systems acquisition, creating uncertainty.

  • Goodwill and Intangible Assets Impairment

    Goodwill impairments of $149.1 million may indicate further financial instability.

  • Increased Operating Expenses

    Total operating expenses surged to $227.8 million due to the goodwill impairment.

Management's outlook

Outlook revised down from previous expectations following impairment charges and declining revenue growth.

Earlier filings 4

10-Q · February 5, 2026

Azenta reported quarterly revenue of $148,642,000 (reported as 148,642 in the filing) — up modestly from $147,436,000 a year earlier — but reported a GAAP net loss of $15,432,000 (diluted loss per share $0.34). Gross…

10-Q · May 9, 2025

Azenta reported quarterly revenue of $143,418,000 (up $7,063,000 or ~5.2% vs. $136,355,000 a year ago) with gross profit of $65,886,000 and a gross margin of ~45.9%. The company remains loss‑making: diluted net loss per…

10-Q · February 10, 2025

Azenta reported quarterly revenue of $147.51 million (three months ended December 31, 2024) versus $141.73 million a year ago, with gross profit rising to $68.671 million. Operating loss narrowed to $(11.353) million…

10-Q · August 6, 2024

Azenta reported Q3 revenue of $172.809M, up $6.861M (4.1%) versus $165.948M a year ago, with gross profit of $69.056M (up $1.051M). Operating loss improved to $(14.754)M from $(15.836)M a year ago, but the company…

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.