Bio-Rad posts Q1 net loss on Sartorius AG investment loss, cuts 2026 outlook

Bio-Rad Laboratories

30/04/2026 21:38

Overview

US diagnostics supplier's Q1 sales rose 1.1%, slightly beating analyst expectations

Company posted large GAAP net loss on Sartorius AG investment loss

Bio-Rad cut 2026 revenue growth outlook to range from -3% to +0.5%

Outlook

Bio-Rad now sees 2026 non-GAAP, currency-neutral revenue declining 3.0% to growing 0.5%

Company lowers 2026 non-GAAP operating margin outlook to 10.0-12.0% from 12.0-12.5%

Result Drivers

ACADEMIC MARKET WEAKNESS - Co said Life Science segment sales were hurt by ongoing challenges in the academic research market, especially in the Americas

MIDDLE EAST CONFLICT - Co said Clinical Diagnostics segment sales declined on a currency-neutral basis due to recent escalation of regional conflicts in the Middle East

INVESTMENT LOSS - Co said large GAAP net loss was mainly due to change in fair market value of Sartorius AG investment

Company press release: ID:nBw3mLk9sa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Beat*
$592.1 mln
$588.88 mln (3 Analysts)
Q1 EPS
-$19.55
Q1 Net Income
-$527.10 mln
Q1 Gross Margin
52.30%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy."

Wall Street's median 12-month price target for Bio Rad Laboratories Inc is $320.00, about 16.3% above its April 29 closing price of $275.15

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 30 three months ago

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.)