Steris (STE) Q1 FY2027 earnings: revenue $1.5 billion, up 7.3% on the year

Steris plc (STE) reported revenue of $1.5 billion for Q1 FY2027, the quarter ended 30 June 2026, up 7.3% on the same quarter a year earlier. Net income was $200 million, up 12.8% on the year, and diluted earnings per share $2.04. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue

$1.5 billion

+7.3% on the year · -6.0% on the quarter

Q2 FY2025Q1 FY2027

Operating margin

19.1%

17.7% a year earlier

Q2 FY2025Q1 FY2027

Net income

$200 million

+12.8% on the year · -9.1% on the quarter

Q2 FY2025Q1 FY2027

Diluted EPS

$2.04

+14.0% on the year · -8.9% on the quarter

Q2 FY2025Q1 FY2027

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

What management said

Guidance figures: 2 raised, 2 lowered, 1 new, 3 kept.

Revenue rose 7% year over year: Total revenue was $1,492.7 million, against $1,391.1 million. Constant currency organic revenue growth was 6%. Management cited share gains in consumables and services.
Adjusted EPS rose to $2.59: Adjusted net income was $253.4 million, or $2.59 per diluted share. As reported net income was $200.1 million, or $2.04 per diluted share, against $1.79 a year earlier.
Healthcare revenue rose 8%: Healthcare revenue was $1,048.3 million, up 8% as reported and 6% on a constant currency organic basis. Operating income was $260.2 million, against $235.5 million.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Revenue	1,493	1,588	1,391	-6.0%	+7.3%
Cost of revenue	809	891	763	-9.3%	+6.0%
Gross profit	684	697	628	-1.9%	+8.9%
Gross margin	45.8%	43.9%	45.1%
Research and development	28.6	28.8	26.4	-0.7%	+8.3%
Selling, general and administrative	370	352	354	+5.1%	+4.5%
Operating income	286	317	246	-9.8%	+16.2%
Operating margin	19.1%	19.9%	17.7%
Interest expense	15.8	15.0	15.9	+5.3%	-0.6%
Pre-tax income	274	304	232	-10.2%	+17.9%
Income tax	72.5	84.2	53.9	-13.9%	+34.5%
Effective tax rate	26.5%	27.7%	23.2%
Net income	200	220	177	-9.1%	+12.8%
Net margin	13.4%	13.9%	12.8%
Diluted EPS	$2.04	$2.24	$1.79	-8.9%	+14.0%

$ 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 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Operating cash flow	367	335	420	+9.5%	-12.6%
Capital expenditure	87.5	90.2	93.6	-3.0%	-6.5%
Free cash flow	280	245	326	+14.0%	-14.3%
Free cash flow margin	18.7%	15.4%	23.5%
Cash from investing	-108	-217	-108
Cash from financing	-214	-97.9	-213
Depreciation and amortisation	124	123	119	+0.3%	+3.7%
Share-based compensation	12.8	12.9	11.9	-0.8%	+7.6%
Buybacks	116	74.3	10.6	+55.5%	+989.6%
Dividends paid	61.4	61.8	56.2	-0.6%	+9.3%
Dividend per share	$0.63	n/a	$0.57		+10.5%
Diluted shares, weighted	98m	98m	99m	-0.5%	-0.9%
Shares outstanding at period end	98m	98m	98m	-0.3%	-1.0%

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 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Shareholders' equity	7,207	7,184	6,957	+0.3%	+3.6%
Non-controlling interest	14.5	13.6	12.9	+6.6%	+12.4%
Debt	1,894	1,932	1,903	-2.0%	-0.5%
Operating lease liabilities	n/a	120	n/a
Other liabilities	1,621	1,489	1,532	+8.9%	+5.8%
Total liabilities and equity	10,736	10,737	10,405	-0.0%	+3.2%
Fixed assets	2,172	2,161	2,055	+0.5%	+5.7%
Goodwill	4,189	4,195	4,223	-0.1%	-0.8%
Intangible assets	1,564	1,620	1,817	-3.5%	-14.0%
Cash and equivalents	482	440	280	+9.7%	+72.4%
Receivables	1,013	1,093	947	-7.3%	+7.0%
Inventory	712	632	641	+12.7%	+11.1%
Other assets	604	597	442	+1.2%	+36.7%
Total assets	10,736	10,737	10,405	-0.0%	+3.2%

Questions

What was Steris' revenue in Q1 FY2027?

Steris (STE) reported revenue of $1.5 billion for Q1 FY2027, the quarter ended 30 June 2026, up 7.3% on the same quarter a year earlier.

How much did Steris earn in Q1 FY2027?

Net income for Q1 FY2027 was $200 million, up 12.8% on the year, and diluted earnings per share $2.04.

When did Steris report Q1 FY2027 results?

Steris filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 7 August 2026.

Quarterly results, the last 20 quarters

	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	Q4 FY2026 *	Q1 FY2027	Q2 FY2027
Revenue	1,209	1,211	1,052	1,091	1,112	1,281	1,183	1,238	1,298	1,419	1,280	1,329	1,371	1,481	1,391	1,460	1,496	1,588	1,493	1,589
Cost of revenue	671	639	639	668	694	735	654	692	738	836	707	750	760	n/a	763	814	841	891	809	878
Gross profit	538	572	474	482	478	546	529	546	560	583	572	579	610	641	628	646	656	697	684	711
Gross margin	45%	47%	45%	44%	43%	43%	45%	44%	43%	41%	45%	44%	45%	43%	45%	44%	44%	44%	46%	45%
R&D	24.8	26.1	24.8	24.9	25.5	26.4	24.7	26.3	25.3	27.5	25.6	27.0	27.4	27.7	26.4	28.2	29.5	28.8	28.6	31.5
SG&A	311	454	335	323	305	336	307	328	308	309	336	329	335	334	354	350	352	352	370	366
Operating income	203	91.9	158	-306	191	225	198	192	226	220	186	220	245	216	246	266	273	317	286	294
Operating margin	17%	8%	15%	-28%	17%	18%	17%	15%	17%	16%	15%	17%	18%	15%	18%	18%	18%	20%	19%	19%
Interest expense	23.0	21.8	22.7	26.1	28.6	30.6	32.4	36.9	38.9	36.1	30.4	19.7	19.1	17.1	15.9	14.9	14.9	15.0	15.8	11.2
Pre-tax income	182	71.5	146	159	172	203	167	156	190	191	175	195	229	197	232	253	258	304	274	288
Tax rate	22%	27%	18%	22%	24%	10%	22%	22%	22%	20%	20%	22%	24%	26%	23%	24%	25%	28%	27%	26%
Net income	144	52.3	111	-315	124	187	124	115	141	-1.4	145	150	174	146	177	192	193	220	200	214
Net margin	12%	4%	11%	-29%	11%	15%	10%	9%	11%	-0%	11%	11%	13%	10%	13%	13%	13%	14%	13%	13%
Diluted EPS	$1.42	$0.52	$1.10	-$3.15	$1.24	$1.88	$1.25	$1.16	$1.42	-$0.01	$1.46	$1.51	$1.75	$1.48	$1.79	$1.94	$1.96	$2.24	$2.04	$2.19
Operating cash flow	244	172	232	104	206	216	281	146	291	255	304	251	333	261	420	288	298	335	367	289
Capital expenditure	81.1	73.1	116	82.8	91.8	71.4	66.6	83.3	119	91.5	108	102	89.2	70.9	93.6	86.5	98.7	90.2	87.5	76.1
Free cash flow	163	98.7	116	21.1	114	144	215	62.8	172	163	196	149	244	190	326	201	200	245	280	213
Buybacks	2.9	28.1	24.7	45.2	84.0	155	8.7	0.5	2.2	0.3	64.2	46.4	100	0.3	10.6	100	50.1	74.3	116	100
Dividends paid	43.0	43.1	43.0	47.0	46.9	46.6	46.4	51.4	51.4	51.4	51.4	56.2	56.2	56.0	56.2	61.9	61.9	61.8	61.4	67.0
Shares outstanding	100m	100m	100m	100m	99m	99m	99m	99m	99m	99m	99m	99m	98m	98m	98m	98m	98m	98m	98m	97m
Filing	10-Q	10-K	10-K	10-K	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

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 30 June 2026, filed 7 August 2026: the filing.