Nordson (NDSN) Q1 FY2026 earnings: revenue $669 million, up 8.8% on the year

Nordson Corp. (NDSN) reported revenue of $669 million for Q1 FY2026, the quarter ended 31 January 2026, up 8.8% on the same quarter a year earlier. Net income was $133 million, up 40.9% on the year, and diluted earnings per share $2.38. The figures are the company's own, from the 10-Q it filed with the SEC on 19 February 2026.

Revenue

$669 million

+8.8% on the year · -11.0% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

24.9%

22.9% a year earlier

Q2 FY2024Q1 FY2026

Net income

$133 million

+40.9% on the year · -12.0% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$2.38

+44.2% on the year · -11.5% on the quarter

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 2 new.

Record first-quarter sales and growth: Sales reached a first-quarter record of $669 million, up 9% year over year, with organic growth of 7% and a 4% currency benefit, slightly offset by the divested medical business.
Adjusted EPS record, up 15%: Adjusted diluted EPS was $2.37, a first-quarter record and 15% above the prior-year $2.06, excluding the investment gain and acquisition amortization.
Advanced Technology grew fastest: Advanced Technology Solutions sales rose 23% to $149 million, driven by electronics dispense systems and recovering x-ray demand; EBITDA margin was 22%, up from 19%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	669	752	615	-11.0%	+8.8%
Cost of revenue	303	328	280	-7.6%	+8.5%
Gross profit	366	423	336	-13.5%	+9.0%
Gross margin	54.7%	56.3%	54.6%
Selling, general and administrative	200	209	195	-4.4%	+2.4%
Operating income	166	214	141	-22.3%	+18.1%
Operating margin	24.9%	28.5%	22.9%
Interest expense	23.1	24.8	26.6	-6.6%	-12.9%
Pre-tax income	165	183	117	-10.1%	+40.8%
Income tax	31.1	31.3	22.2	-0.5%	+40.2%
Effective tax rate	18.9%	17.1%	19.0%
Net income	133	152	94.7	-12.0%	+40.9%
Net margin	19.9%	20.2%	15.4%
Diluted EPS	$2.38	$2.69	$1.65	-11.5%	+44.2%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	140	203	159	-30.8%	-11.7%
Capital expenditure	17.5	9.1	21.4	+93.3%	-18.2%
Free cash flow	123	194	138	-36.6%	-10.8%
Free cash flow margin	18.4%	25.8%	22.4%
Cash from investing	-17.7	18.0	-14.3
Cash from financing	-112	-262	-128
Depreciation and amortisation	36.6	n/a	37.0		-1.2%
Share-based compensation	4.9	5.7	4.6	-14.0%	+5.6%
Buybacks	86.0	88.2	60.1	-2.5%	+43.1%
Dividends paid	45.8	46.1	44.6	-0.6%	+2.7%
Dividend per share	$0.82	n/a	$0.78		+5.1%
Diluted shares, weighted	56m	56m	57m	-0.5%	-2.4%
Shares outstanding at period end	56m	56m	57m	-0.2%	-2.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	3,112	3,044	2,877	+2.3%	+8.2%
Debt	1,984	1,996	2,168	-0.6%	-8.5%
Operating lease liabilities	56.7	64.5	75.5	-12.0%	-24.8%
Finance lease liabilities	8.2	8.4	11.7	-1.8%	-29.6%
Other liabilities	800	805	740	-0.7%	+8.1%
Total liabilities and equity	5,961	5,918	5,872	+0.7%	+1.5%
Fixed assets	n/a	517	n/a
Goodwill	3,332	3,305	3,242	+0.8%	+2.8%
Intangible assets	671	682	704	-1.5%	-4.7%
Cash and equivalents	120	108	130	+11.0%	-7.7%
Receivables	572	588	531	-2.8%	+7.6%
Inventory	451	445	472	+1.4%	-4.5%
Other assets	814	273	791	+197.8%	+3.0%
Total assets	5,961	5,918	5,872	+0.7%	+1.5%

Questions

What was Nordson's revenue in Q1 FY2026?

Nordson (NDSN) reported revenue of $669 million for Q1 FY2026, the quarter ended 31 January 2026, up 8.8% on the same quarter a year earlier.

How much did Nordson earn in Q1 FY2026?

Net income for Q1 FY2026 was $133 million, up 40.9% on the year, and diluted earnings per share $2.38.

When did Nordson report Q1 FY2026 results?

Nordson filed its 10-Q for the quarter ended 31 January 2026 with the SEC on 19 February 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	599	609	635	662	684	610	650	649	719	633	651	662	744	615	683	742	752	669	741	818
Cost of revenue	268	269	278	297	320	282	298	288	335	285	285	293	342	280	309	335	328	303	337	364
Gross profit	331	340	358	366	363	329	352	360	384	348	366	369	403	336	374	407	423	366	404	454
Gross margin	55%	56%	56%	55%	53%	54%	54%	56%	53%	55%	56%	56%	54%	55%	55%	55%	56%	55%	55%	55%
SG&A	180	184	174	181	186	185	180	189	199	189	197	202	224	195	205	207	209	200	207	231
Operating income	151	156	184	185	178	144	173	171	185	159	169	167	179	141	169	188	214	166	197	223
Operating margin	25%	26%	29%	28%	26%	24%	27%	26%	26%	25%	26%	25%	24%	23%	25%	25%	28%	25%	27%	27%
Interest expense	5.3	5.7	5.4	5.7	5.7	10.5	9.9	12.1	27.0	21.4	20.1	18.8	28.6	26.6	26.6	26.3	24.8	23.1	21.9	20.8
Pre-tax income	140	152	139	181	178	131	162	162	161	139	149	149	148	117	139	159	183	165	141	186
Tax rate	21%	21%	21%	21%	20%	20%	21%	21%	20%	21%	21%	21%	17%	19%	19%	21%	17%	19%	17%	18%
Net income	110	120	110	142	141	104	128	128	128	110	118	117	122	94.7	112	126	152	133	117	153
Net margin	18%	20%	17%	21%	21%	17%	20%	20%	18%	17%	18%	18%	16%	15%	16%	17%	20%	20%	16%	19%
Diluted EPS	$1.88	$2.05	$1.88	$2.45	$2.44	$1.81	$2.21	$2.22	$2.22	$1.90	$2.05	$2.04	$2.12	$1.65	$1.97	$2.22	$2.69	$2.38	$2.09	$2.73
Operating cash flow	170	118	96.4	125	173	123	165	190	163	172	123	165	96.4	159	119	238	203	140	181	249
Capital expenditure	10.2	12.5	12.3	14.6	12.1	9.3	6.0	8.9	10.3	7.5	14.4	21.9	20.6	21.4	16.0	11.6	9.1	17.5	10.2	12.6
Free cash flow	160	106	84.1	111	161	114	159	181	153	165	108	143	75.8	138	103	226	194	123	170	237
Buybacks	14.1	35.0	105	93.3	29.1	6.9	47.5	23.8	11.5	7.4	0.6	26.2	-0.8	60.1	86.2	71.9	88.2	86.0	43.3	29.5
Dividends paid	29.7	29.7	29.6	29.4	37.2	37.2	37.3	37.1	38.8	38.9	38.9	39.0	44.6	44.6	44.3	44.1	46.1	45.8	45.9	45.7
Shares outstanding	58m	58m	58m	57m	57m	57m	57m	57m	57m	57m	57m	57m	57m	57m	57m	56m	56m	56m	56m	56m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 January 2026, filed 19 February 2026: the filing.