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Idexx Laboratories IDXX Q1 2026 earnings

Reported May 5, 2026 · Before market open

Revenue$1.1BBeat by $22.3M
EPS$3.47Beat by $0.06
Revenue estimate$1.1B
EPS estimate$3.41

Next report

Nov 2, 2026 (in 2 months)
Revenue estimate$1.2B
EPS estimate$3.71

Financials

Q1 2026

Income statement

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Revenue$1.1B+14.3%
Gross profit$722.7M+15.9%
Operating income$362.6M+14.5%
Net income$278.4M+14.7%
EPS (diluted)$3.47+17.2%

Balance sheet

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Cash & equivalents$200.5M+22.3%
Total debt$575.5M-22.2%
Total equity$1.6B+7.5%
Total assets$3.4B+5.3%

Cash flow

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Operating cash flow$266.2M+11.9%
CapEx$32.0M+6.5%
Free cash flow$234.3M+12.7%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$44.63B+31.1%
Enterprise value$45B+30.0%
P/E40.7×+2.7×
P/S10×+1.4×

Profitability

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Gross margin62.1%+0.8pp
Operating margin31.6%+2.5pp
Net margin24.6%+1.9pp
FCF margin24.4%+2.8pp

Returns & leverage

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Return on equity72.9%+13.6pp
Debt / equity0.4×-0.1×
Current ratio1.1×0.0×

Segments

By product

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IDEXX VetLab consumables$412.6M+19.7%
Reference laboratory diagnostic and consulting services$386.2M+12.1%
Rapid assay products$84.9M+1.1%
Recurring revenue$73.5M+11.8%
CAG Diagnostics capital - instruments$42.4M+32.7%

By segment

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Water segment revenue$50.3M+10.9%
LPD$32.5M+13.6%

FAQ

When did Idexx Laboratories report Q1 2026 earnings?
Idexx Laboratories (IDXX) reported Q1 2026 earnings on May 5, 2026 before market open.
What were Idexx Laboratories's Q1 2026 revenue and EPS?
Idexx Laboratories reported revenue of $1.1B and eps of $3.47 for Q1 2026.
Did Idexx Laboratories beat estimates in Q1 2026?
Revenue beat the consensus estimate of $1.1B by $22.3M. EPS beat the consensus estimate of $3.41 by $0.06.
How did Idexx Laboratories's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 14.3% from $998.4M a year earlier and eps grew 17.2% from $2.96.
Where can I find Idexx Laboratories's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-055203) and the 10-Q periodic report (0000874716-26-000076) directly on SEC EDGAR. The filing index links above go to sec.gov.