Azenta Q1 revenue beats analyst expectations, announces buyback

Azenta

04/02/2026 11:41

Overview

Life sciences solutions provider's fiscal Q1 revenue rose 1%, beating analyst expectations

Adjusted EPS for fiscal Q1 missed analyst expectations

Company authorized $250 mln share repurchase program through 2028

Outlook

Azenta expects full-year 2026 organic revenue growth of 3% to 5%

Company anticipates 300 basis points expansion in adjusted EBITDA margin for 2026

Azenta expects stronger second half of 2026 supported by execution initiatives

Result Drivers

GROSS MARGIN CHALLENGES - Gross margin decreased due to lost cost leverage from lower sales volumes and rework costs on Automated Stores projects

FREE CASH FLOW - Strong free cash flow was generated, reflecting focus on operational discipline and working capital management, per CEO John Marotta

MULTIOMICS GROWTH - Multiomics revenue increased 1% year over year, driven by growth in Next Generation Sequencing and Gene Synthesis

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$148.64 mln
$147.16 mln (8 Analysts)
Q1 Adjusted EPS
Miss
$0.09
$0.14 (8 Analysts)
Q1 Adjusted EBITDA
$13 mln
Q1 Adjusted EBITDA Margin
8.50%
Q1 Operating Income
-$7.24 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the biotechnology & medical research peer group is "buy"

Wall Street's median 12-month price target for Azenta Inc is $41.00, about 11.1% above its February 3 closing price of $36.91

The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 39 three months ago

Press Release: ID:nPn1gswPa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)