Total Revenue and Organic Trend
Total revenue of $149 million for Q1 FY2026, up 1% reported and down ~1% organically with a ~2% foreign exchange headwind.
Strong Cash Position and Capital Authorization
Ended the quarter with $571 million in cash, cash equivalents, and marketable securities (up $25 million QoQ), no debt outstanding, and a $250 million share repurchase authorization approved by the Board.
Segment Strengths — Multiomics and Biorepositories
Multiomics revenue $67 million (flat organic), driven by growth in next-generation sequencing and gene synthesis; Sample Management Solutions biorepositories showed solid growth. China delivered strong 26% organic growth in Multiomics.
Profitability and Cash Generation (Non-GAAP)
Non-GAAP EPS of $0.09 and adjusted EBITDA of approximately $13 million (8.5% margin). Free cash flow (including B Medical) was $15 million for the quarter.
Reaffirmed Full-Year Guidance
Management reaffirmed FY2026 targets: 3%–5% organic revenue growth, ~300 basis points of adjusted EBITDA margin expansion, and >30% year-over-year improvement in free cash flow generation.
Operational Improvement Initiatives
Continued deployment of the Azenta Business System (ABS), Kaizen routines, decentralized operating model, and targeted investments in biorepositories, regionalized gene synthesis, automation, and commercialization to drive productivity and margin expansion.
Strategic Portfolio Actions
Definitive agreement to sell B Medical (treated as discontinued operations) expected to close on or before March 31, 2026; recorded a $10 million non-cash loss related to assets held for sale. Management signals active M&A funnel and disciplined capital allocation.