Azenta Q3 adjusted EPS beats estimates, revenue rises 12%

Azenta

04/08/2026 21:43

Overview
US life sciences solutions provider's fiscal Q3 revenue rose 12% yr/yr
Adjusted EPS for fiscal Q3 beat analyst expectations
Company repurchased $50 mln in shares under its buyback program

Outlook
Company expects FY26 reported revenue between $613 mln and $618 mln
Azenta expects FY26 adjusted EBITDA of $59 mln to $62 mln

Result Drivers
SEGMENT GROWTH - Higher revenue in Sample Management Solutions and Multiomics segments drove Q3 results
PRODUCT MIX - Sample Management Solutions growth was mainly driven by Sample Repository Solutions and Consumables and Instruments, partially offset by lower Automated Stores revenue
MARGIN PRESSURE - Gross margin declined due to unfavorable fixed-cost absorption from lower sales volumes and costs related to quality remediation and rework in Automated Stores

Company press release: ID:nPn7W22t1a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$0.16
$0.11 (6 Analysts)
Q3 Adjusted EBITDA
 
$18 mln
 
Q3 Adjusted EBITDA Margin
 
11.4%
 
Q3 Operating Income
 
-$4.18 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "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 $29.00, about 2.9% below its August 3 closing price of $29.88
The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 26 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)