Systems and hardware — Total Revenue
Idexx Laboratories Systems and hardware — Total Revenue decreased by 11.5% to $17.75M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.5%, from $15.78M to $17.75M. Over 4 years (FY 2021 to FY 2025), Systems and hardware — Total Revenue shows an upward trend with a 4.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates strong demand for new diagnostic capabilities and a growing installed base, which typically leads to future recurring revenue from consumables. A decrease may signal market saturation, increased competition, or a slowdown in veterinary clinic capital expenditure.
Detailed definition
This metric represents the total revenue generated from the sale and lease of diagnostic equipment, including benchtop c...
Peer comparison
Comparable to capital equipment revenue in medical device or life sciences companies, where hardware sales act as a gateway to high-margin recurring consumable revenue streams.
idxx_segment_systems_and_hardware_total_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $14.69M | $14.69M | $14.69M | $17.55M | $17.55M | $17.55M | $17.55M | $15.53M | $16.40M | $16.34M | $16.47M | $15.35M | $15.44M | $14.38M | $17.11M | $15.78M | $16.89M | $16.79M | $20.07M | $17.75M |
| QoQ Change | — | +0.0% | +0.0% | +19.5% | +0.0% | +0.0% | +0.0% | -11.6% | +5.6% | -0.3% | +0.8% | -6.8% | +0.6% | -6.9% | +19.0% | -7.7% | +7.0% | -0.6% | +19.5% | -11.5% |
| YoY Change | — | — | — | — | +19.5% | +19.5% | +19.5% | -11.6% | -6.6% | -6.9% | -6.2% | -1.1% | -5.9% | -12.0% | +3.9% | +2.8% | +9.5% | +16.8% | +17.3% | +12.5% |
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Frequently Asked Questions
- What is Idexx Laboratories's systems and hardware — total revenue?
- Idexx Laboratories (IDXX) reported systems and hardware — total revenue of $17.75M in Q1 2026.
- How has Idexx Laboratories's systems and hardware — total revenue changed year-over-year?
- Idexx Laboratories's systems and hardware — total revenue increased by 12.5% year-over-year, from $15.78M to $17.75M.
- What is the long-term trend for Idexx Laboratories's systems and hardware — total revenue?
- Over 4 years (2021 to 2025), Idexx Laboratories's systems and hardware — total revenue has grown at a 4.3% compound annual growth rate (CAGR), from $58.76M to $69.54M.
- What does systems and hardware — total revenue mean?
- The total revenue earned from selling and leasing diagnostic veterinary equipment and hardware.