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Segments

By segment

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China$600K-25.0%
Latin America$600K+20.0%
North America$400K0.0%
JPAC$300K-25.0%
EMEA$100K-85.7%

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$837.73M-47.8%
Enterprise value$4.15B-13.4%
P/S0.3×-0.3×

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:SegmentInformationResearchAndDevelopmentExpense.

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
Less (1):
Cost of sales, excluding amortization of intangibles116.744.328.843.338.3271.4
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)

Item 1. Financial Statements (unaudited)

FAQ

What is QuidelOrtho Corporation's R&D?
QuidelOrtho Corporation (QDEL) reported R&D of $2M in Q2 2026.
How has QuidelOrtho Corporation's R&D changed year-over-year?
QuidelOrtho Corporation's R&D decreased by 28.6% year-over-year, from $2.8M to $2M.
What is the long-term trend for QuidelOrtho Corporation's R&D?
Over 2 years (2023 to 2025), QuidelOrtho Corporation's R&D has grown at a -4.4% compound annual growth rate (CAGR), from $11.7M to $10.7M.
What does R&D mean?
The total investment in activities aimed at discovering, developing, or improving diagnostic products and technologies. This reflects the company's commitment to innovation and its long-term strategy for maintaining a competitive edge in the medical device market.

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