Envista Holdings (NVST)
NYSE:NVST
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.34Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed broad-based operational and commercial progress: healthy top-line growth (9.5% core, ~4% normalized), margin expansion (gross margin +100 bps, EBITDA margin +120 bps), strong EPS improvement (+50%), meaningful new-product momentum, accretive tuck-in M&A, and continued capital returns (incremental $300M buyback). Key near-term headwinds include China implant destocking ahead of VBP, elevated tariff costs (~$11M), Q1 negative FCF due to CapEx, and geopolitical-driven inflation/freight risks — all of which management has identified and presented mitigation plans for. Overall, the positives on growth, margins, product launches and capital allocation materially outweigh the manageable near-term challenges.Company Guidance
Revenue and Core Growth
Total sales of $706 million in Q1 FY2026; reported core sales growth of 9.5% year-over-year, with normalized core growth of ~4% after adjusting for 4 extra billing days ($28M, ~4.5% impact) and Spark deferral benefits.
Strong Margin Expansion and Profitability
Adjusted gross margin expanded to 55.8%, up 100 basis points year-over-year; adjusted EBITDA rose 25% YoY with margin of 14%, up 120 basis points; adjusted EPS was $0.36 (up $0.12 YoY, ~50% growth).
Segment Outperformance — Specialty Products & Technology
Specialty Products & Technology revenue grew >14% YoY with core sales up 8.4%; adjusted operating profit increased $10 million YoY (+18%) with a 40-basis-point improvement in operating margin; ortho (Spark and Brackets & Wires) drove double-digit growth.
Segment Outperformance — Equipment & Consumables
Equipment & Consumables core sales rose 11.5% YoY with double-digit growth in consumables and diagnostics; adjusted operating profit grew 33% YoY and operating margins improved nearly 300 basis points, driven by pricing and volume.
Volume, Pricing and Product Innovation Mix
Volume contributed over 7 percentage points of Q1 growth with price contributing ~2+ points; notable new-product launches include Nobel S Series (implants with >25% of orders from competitive conversions), Spark launch in Japan, and DEXIS DTX Studio Clinic with enhanced AI (DEXIS installed base ~275K devices processing ~500M images/year).
Accretive M&A and Portfolio Strengthening
Completed tuck-in acquisition of Versah (osseodensification technology) expected to be accretive to growth, margin, EPS and valuation multiple; three small acquisitions over past year strengthened implants and international presence.
Balance Sheet, Cash Return and Capital Allocation
Net debt to adjusted EBITDA below 1x; repurchased ~1.6 million shares in Q1 and had $41 million remaining repurchase capacity at quarter-end before today's authorization; Board authorized incremental $300 million share repurchase program through 2029 while reaffirming organic and M&A priorities.
Tax Rate and FX Tailwinds
Non-GAAP tax rate improved to 26.1% in Q1 (better than expectations), helped by resolution of a legacy intercompany loan; foreign exchange contributed roughly $26 million in revenue and was a tailwind to adjusted EBITDA (~$7M).
NVST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NVST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $27.07 | $24.29 | -10.27% |
Feb 05, 2026 | $24.71 | $29.10 | +17.77% |
Oct 29, 2025 | $20.06 | $19.98 | -0.40% |
Jul 31, 2025 | $18.89 | $20.83 | +10.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Envista Holdings (NVST) report earnings?
Envista Holdings (NVST) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Envista Holdings (NVST) earnings time?
Envista Holdings (NVST) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NVST EPS forecast?
NVST EPS forecast for the fiscal quarter 2026 (Q2) is 0.34.