Filing Flows › Embecta (EMBC) › Q1 FY26
Embecta (EMBC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 5, 2026
Embecta (EMBC) reported revenue of $261M for the first quarter fiscal 2026 (Q1 FY26), -0.3% from a year earlier and -1% from the quarter before. Operating margin was 31.9%, net earnings $44.1M (16.9% of revenue).
Embecta, Q1 FY26: revenue $261M (-0.3% year over year), operating margin 31.9%, net earnings $44.1M, operating cash flow $17.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $261M | -1% | -0.3% |
| Gross profit | $162M | +2% | +3% |
| Operating profit | $83.3M | +47% | +190% |
| Net earnings | $44.1M | +67% | — |
| Operating cash flow | $17.2M | -80% | — |
| Free cash flow | $16.6M | — | — |
What changed
Revenue was $261.2M in Q1 FY26, roughly flat year over year and down 1% from the previous quarter. Pen Needles was the largest line at 71% of revenue. Pen Needles lost $5.6M year over year (down 3%), 800% of the total change.
Gross margin was 61.9%, up 1.9 points from a year earlier. Operating profit was $83.3M, a 31.9% margin (up 20.9 points year over year). Operating expenses fell 39% while revenue was flat. Net earnings were $44.1M. The effective tax rate was 25.1%.
Operating cash flow was $17.2M, 39% of net earnings. Non-cash charges added back $10.3M of depreciation and amortization and $5.9M of share-based compensation. Working capital and other items used $43.1M. After capital expenditures ($600K), free cash flow as the company reports it was $16.6M.
Questions
What was Embecta's revenue in the first quarter fiscal 2026?
Embecta (EMBC) reported revenue of $261M for the first quarter fiscal 2026 (Q1 FY26), -0.3% from a year earlier and -1% from the quarter before.
Was Embecta profitable in the first quarter fiscal 2026?
Operating profit was $83.3M (31.9% of revenue) and net earnings $44.1M.
Source: Embecta 10-Q on SEC EDGAR.