Q1 2026 Earnings Summary
Metric | YoY Change | Reason |
---|---|---|
Total Revenue | 8.3% | Total revenue increased by 8.3%, from $2,877.73 million in Q1 2025 to $3,116.0 million in Q1 2026, driven primarily by a robust performance in the Consumables segment—which contributed roughly 70% of the revenue—and continued customer demand that builds on previous period trends. |
Operating Income | 19% YoY improvement | Operating income improved by 19%, moving from $64,616 thousand in Q1 2025 to $76.9 thousand in Q1 2026, indicating that better cost control and margin expansion are furthering operational efficiency, a trend consistent with earlier period gains. |
Net Income | –6.8% YoY | Net income declined by 6.8%, dropping from $66,897 thousand in Q1 2025 to $62.4 thousand in Q1 2026, suggesting that despite revenue and operating gains, rises in non-operating costs or unfavorable expense adjustments are offsetting these improvements compared to previous performance. |
Gross Profit | 8.2% YoY increase | Gross profit grew by 8.2%, from $853,992 thousand in Q1 2025 to $923.8 thousand in Q1 2026, echoing the overall revenue growth and continued improvements in product mix and operational efficiencies established in earlier periods. |
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