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Earnings analysis · 10-Q

NVST earnings analysis

Filed May 6, 2026 · Our reading of the company's report

The latest report

Envista Holdings reported Q1 2026 earnings with total revenue of $705.5 million, representing a 14.4% increase from the prior year. The GAAP EPS was $0.23, missing estimates of $0.31, while adjusted EPS was $0.36,…

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Envista Holdings reported Q1 2026 earnings with total revenue of $705.5 million, representing a 14.4% increase from the prior year. The GAAP EPS was $0.23, missing estimates of $0.31, while adjusted EPS was $0.36, reflecting a 50% year-over-year increase. The company maintains its full-year guidance for adjusted EPS between $1.35 and $1.45, citing sustained demand despite economic headwinds.

Read the original on SEC.gov

Gross and operating margin

How much of each revenue dollar the business keeps.

57% Gross margin Operating margin Aug 2023 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 $45 Operating expenses $46 Left as operating profit $9

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.

Specialty Products & Technologies 64.9% Equipment & Consumables 35.1%

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 Aug 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
$0.23

What stood out

  • Strong Revenue Growth

    Total revenue increased to $705.5 million, up 14.4% year-over-year.

  • Significant EPS Growth

    Adjusted EPS reached $0.36, up 50% compared to the prior year.

  • Improved Operating Margin

    Operating profit margin improved to 8.9%, compared to 6.3% in the previous year.

  • Sales Growth in Segments

    Specialty Products & Technologies segment sales rose to $457.8 million, a 14.4% increase.

  • Robust Cash Position

    As of April 3, 2026, cash and cash equivalents totaled $1,082.8 million.

  • Core Sales Defined

    Core sales growth for this quarter was 9.5%, excluding currency impacts.

What to watch

  • Negative Free Cash Flow

    Net cash used in operating activities was $3.3 million, worsening from $0.3 million provided in the prior year.

  • Geopolitical Tensions

    The U.S. conflict with Iran has potential adverse effects on global supply chains and operational costs.

  • Dependence on Foreign Markets

    52.7% of sales stem from international customers, exposing Envista to global economic fluctuations.

Management's outlook

Full-year adjusted EPS guidance maintained at $1.35 to $1.45.

Earlier filings 4

10-K · February 12, 2026

Envista reported 2025 total sales of $2,719.5 million, up from $2,510.6 million in 2024, driven by Specialty Products & Technologies (64% of sales; $1,752.8 million) and mid-single-digit core growth. The company…

10-Q · October 30, 2025

Envista reported Q3 sales of $669.9 million, up $68.9 million versus Q3 2024 ($601.0 million) and slightly below the prior quarter. Gross margin expanded to ~55.3% with operating profit rising to $57.5 million (8.6%…

10-Q · July 31, 2025

Envista reported Q2 sales of $682.1 million, up $49.0 million (7.7%) versus Q2 2024 ($633.1 million), with gross margin expanding to 54.2% from 51.6% and operating profit returning to $46.3 million after a year-ago…

10-K · February 13, 2025

Envista reported 2024 revenue of $2,510.6 million, with Specialty Products & Technologies accounting for $1,616.4 million (64% of sales) and Equipment & Consumables $894.2 million (36%). The year included a severe…

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