Revvity (RVTY) Q1 FY2026 earnings: revenue $711 million, up 7.0% on the year

Revvity, Inc. (RVTY) reported revenue of $711 million for Q1 FY2026, the quarter ended 5 April 2026, up 7.0% on the same quarter a year earlier. Net income was $41 million, down 3.6% on the year, and diluted earnings per share $0.36. The figures are the company's own, from the 10-Q it filed with the SEC on 12 May 2026.

Revenue

$711 million

+7.0% on the year · -7.9% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

10.7%

10.9% a year earlier

Q2 FY2024Q1 FY2026

Net income

$41 million

-3.6% on the year · -58.6% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$0.36

+2.9% on the year · -58.6% on the quarter

Q2 FY2024Q1 FY2026

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

What management said

Revenue up 7% to $711 million: Reported revenue rose 7% to $711 million from $665 million. Organic growth was 3% and pro forma organic growth 6%; pro forma revenue was $687 million against $629 million.
Adjusted operating margin down two points: Adjusted operating income was $168 million against $170 million; adjusted operating margin was 23.6% against 25.6%. Pro forma adjusted operating margin was 24.0% against 25.3%.
Plan to divest China immunodiagnostics: The business represented about 6% of fiscal 2025 revenue. The company describes the sale as a strategic action.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	711	772	665	-7.9%	+7.0%
Cost of revenue	323	350	289	-7.7%	+11.8%
Gross profit	388	422	376	-8.1%	+3.2%
Gross margin	54.5%	54.6%	56.5%
Research and development	57.9	58.2	53.6	-0.5%	+8.0%
Selling, general and administrative	254	252	250	+0.9%	+1.7%
Operating income	75.9	112	72.2	-32.1%	+5.1%
Operating margin	10.7%	14.5%	10.9%
Interest expense	24.7	23.5	23.0	+5.1%	+7.6%
Pre-tax income	50.0	91.6	52.4	-45.4%	-4.6%
Income tax	9.1	-4.2	10.7		-15.1%
Effective tax rate	18.2%	-4.6%	20.5%
Net income	40.7	98.4	42.2	-58.6%	-3.6%
Net margin	5.7%	12.7%	6.4%
Diluted EPS	$0.36	$0.87	$0.35	-58.6%	+2.9%

$ 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	115	182	128	-36.7%	-10.1%
Capital expenditure	19.8	20.2	16.0	-2.0%	+23.7%
Free cash flow	95.5	162	112	-41.0%	-14.9%
Free cash flow margin	13.4%	21.0%	16.9%
Cash from investing	-78.3	-20.5	-6.4
Cash from financing	-88.9	-176	-164
Depreciation and amortisation	105	103	97.4	+2.0%	+7.8%
Share-based compensation	8.7	n/a	7.7		+12.7%
Buybacks	86.5	168	154	-48.6%	-43.7%
Dividends paid	7.8	8.0	8.4	-1.4%	-7.0%
Dividend per share	$0.07	$0.07	$0.07	0.0%	0.0%
Diluted shares, weighted	112m	113m	120m	-1.2%	-7.0%
Shares outstanding at period end	112m	112m	119m	-0.6%	-6.5%

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	7,183	7,250	7,637	-0.9%	-5.9%
Debt	3,226	3,239	3,191	-0.4%	+1.1%
Operating lease liabilities	142	148	157	-3.9%	-9.2%
Other liabilities	1,445	1,530	1,375	-5.6%	+5.1%
Total liabilities and equity	11,997	12,168	12,361	-1.4%	-2.9%
Fixed assets	466	479	487	-2.8%	-4.3%
Goodwill	6,611	6,613	6,511	-0.0%	+1.5%
Intangible assets	2,307	2,347	2,571	-1.7%	-10.3%
Investments	n/a	28.0	n/a
Cash and equivalents	860	920	1,138	-6.5%	-24.4%
Receivables	691	745	617	-7.2%	+12.0%
Inventory	388	379	381	+2.1%	+1.6%
Other assets	674	657	655	+2.7%	+3.0%
Total assets	11,997	12,168	12,361	-1.4%	-2.9%

Questions

What was Revvity's revenue in Q1 FY2026?

Revvity (RVTY) reported revenue of $711 million for Q1 FY2026, the quarter ended 5 April 2026, up 7.0% on the same quarter a year earlier.

How much did Revvity earn in Q1 FY2026?

Net income for Q1 FY2026 was $41 million, down 3.6% on the year, and diluted earnings per share $0.36.

When did Revvity report Q1 FY2026 results?

Revvity filed its 10-Q for the quarter ended 5 April 2026 with the SEC on 12 May 2026.

Quarterly results, the last 20 quarters

	Q3 FY2021 †	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
Revenue	861	1,028	963	896	712	741	675	709	671	696	650	692	684	729	665	720	699	772	711	730
Cost of revenue	338	615	368	344	305	305	293	307	298	312	295	306	299	317	289	328	324	350	323	313
Gross profit	523	644	595	552	407	436	381	402	373	383	355	386	385	412	376	393	375	422	388	417
Gross margin	61%	63%	62%	62%	57%	59%	57%	57%	56%	55%	55%	56%	56%	57%	56%	55%	54%	55%	55%	57%
R&D	49.4	80.3	57.5	56.0	53.5	54.5	56.7	57.3	53.0	49.6	50.4	48.1	49.1	49.2	53.6	53.3	50.8	58.2	57.9	49.0
SG&A	276	355	275	263	243	244	249	267	250	257	261	252	238	244	250	249	242	252	254	279
Operating income	196	300	262	232	111	137	76.1	78.1	69.2	77.2	44.1	85.7	98.2	119	72.2	90.8	81.9	112	75.9	89.3
Operating margin	23%	29%	27%	26%	16%	19%	11%	11%	10%	11%	7%	12%	14%	16%	11%	13%	12%	14%	11%	12%
Interest expense	43.5	n/a	28.4	27.1	25.9	22.5	22.7	26.0	25.5	24.6	24.4	24.7	24.4	22.8	23.0	22.9	22.8	23.5	24.7	23.0
Pre-tax income	135	300	225	206	82.1	138	29.4	71.6	50.6	31.4	34.5	86.7	100	94.6	52.4	68.7	55.7	91.6	50.0	63.5
Tax rate	20%	41%	18%	22%	15%	30%	16%	18%	36%	-103%	17%	16%	7%	7%	20%	20%	15%	-5%	18%	16%
Net income	128	190	177	179	85.3	128	569	35.6	9.5	78.6	26.0	55.4	94.4	94.6	42.2	53.9	46.7	98.4	40.7	51.8
Net margin	15%	19%	18%	20%	12%	17%	84%	5%	1%	11%	4%	8%	14%	13%	6%	7%	7%	13%	6%	7%
Diluted EPS	$1.11	$1.50	$1.40	$1.42	$0.67	$1.01	$4.50	$0.28	$0.08	$0.64	$0.21	$0.45	$0.77	$0.78	$0.35	$0.46	$0.40	$0.87	$0.36	$0.47
Operating cash flow	314	336	283	97.5	160	139	63.5	-135	-33.5	197	148	159	148	174	128	134	138	182	115	192
Capital expenditure	32.8	32.4	29.4	23.2	6.9	26.1	20.9	13.9	22.4	24.1	17.8	22.0	22.3	24.5	16.0	18.9	18.5	20.2	19.8	11.1
Free cash flow	281	303	254	74.3	153	113	42.5	-149	-55.8	172	130	137	126	150	112	115	120	162	95.5	181
Buybacks	0.1	0.1	55.6	0.5	0.1	24.5	61.7	212	111	4.9	10.8	19.6	154	185	154	294	205	168	86.5	16.0
Dividends paid	7.8	8.8	8.8	8.8	8.8	8.8	8.8	8.8	8.7	8.6	8.6	8.6	8.6	8.5	8.4	8.3	8.1	8.0	7.8	7.8
Shares outstanding	126m	126m	126m	126m	126m	126m	126m	124m	123m	123m	123m	123m	122m	121m	119m	116m	114m	112m	112m	112m
Filing	10-K	10-K	10-K	10-K	10-K	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

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. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 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 5 April 2026, filed 12 May 2026: the filing.