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QuidelOrtho Corporation QDEL Segment Adjusted EBITDA

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Segments

By segment

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North America$169.6M+6.2%
China$30.3M-28.0%
EMEA$22.1M+20.8%
Latin America$19.7M+5.3%
JPAC$18.3M-4.7%

Other financials

Income statement

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Revenue$630.9M+2.8%
Gross profit$272.9M-0.7%
Operating income-$21.8M+87.9%
Net income-$92.9M+63.6%
EPS (diluted)-$1.36+63.9%

Balance sheet

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Cash & equivalents$123.4M-18.7%
Total debt$3.4B+3.0%
Total equity$1.8B-36.4%
Total assets$5.7B-10.4%

Cash flow

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Operating cash flow-$110.6M
CapEx$25.5M-32.0%
Free cash flow-$136.1M-61.4%

Valuation

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Market cap$1.11B-30.1%
Enterprise value$4.42B-7.4%
P/S0.4×-0.2×

Profitability

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Gross margin44.6%-2.7pp
Operating margin-30.8%-49.9pp
Net margin-39.2%-168pp
FCF margin13.8%

Returns & leverage

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Return on equity-45.9%-94.9pp
Debt / equity1.9×+0.7×
Current ratio1.4×+0.3×

Where this comes from

Reported directly by QuidelOrtho Corporation in its filing.

Tagged under the XBRL concept qdel:SegmentAdjustedEBITDA.

The source filing: QuidelOrtho Corporation’s 10-Q, filed August 7, 2026.

Filed
Aug 6, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q3 2026
Accession
0001906324-26-000033
(In millions)North AmericaEMEAChinaJPACLatin AmericaTotal
Selling, marketing and administrative40.723.99.512.313.299.6
Research and development0.40.10.60.30.62.0
Other expense, net0.8(1.4)0.1(1.6)(2.1)
Total segment Adjusted EBITDA$169.6$22.1$30.3$18.3$19.7260.0
Reconciliation of segment Adjusted EBITDA
Corporate (2)(130.7)
Depreciation and amortization(116.7)
Interest expense, net(54.7)

Item 1. Financial Statements (unaudited)

FAQ

What is QuidelOrtho Corporation's segment adjusted EBITDA?
QuidelOrtho Corporation (QDEL) reported segment adjusted EBITDA of $260M in Q2 2026.
How has QuidelOrtho Corporation's segment adjusted EBITDA changed year-over-year?
QuidelOrtho Corporation's segment adjusted EBITDA increased by 0.8% year-over-year, from $258M to $260M.
What is the long-term trend for QuidelOrtho Corporation's segment adjusted EBITDA?
Over 2 years (2023 to 2025), QuidelOrtho Corporation's segment adjusted EBITDA has grown at a -4.9% compound annual growth rate (CAGR), from $1.31B to $1.18B.
What does segment adjusted EBITDA mean?
A measure of operating performance for specific business segments, calculated by adjusting earnings for interest, taxes, depreciation, amortization, and other non-recurring or non-cash items. It provides a view of the core profitability of the segments before corporate allocations.

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