Filing Flows › Henry Schein (HSIC) › Q1 2026
Henry Schein (HSIC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Henry Schein (HSIC) reported revenue of $3.4B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -2% from the quarter before. Operating margin was 5.4%, net earnings $107M (3.2% of revenue).
Henry Schein, Q1 2026: revenue $3.4B (+6% year over year), operating margin 5.4%, net earnings $107M, operating cash flow −$97.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | -2% | +6% |
| Gross profit | $1.1B | +0.7% | +7% |
| Operating profit | $182M | +12% | +4% |
| Net earnings | $107M | +6% | -3% |
| Operating cash flow | −$97.0M | -125% | -362% |
What changed
Revenue was $3.4B in Q1 2026, up 6% year over year and down 2% from the previous quarter. Global Distribution and Value-Added Services was the largest line at 84% of revenue. Global Distribution and Value-Added Services added $0.16B year over year (up 6%), 82% of the total change.
Gross margin was 31.8%, up 0.2 points from Q1 2025. Operating profit was $0.18B, a 5.4% margin (down 0.1 points year over year). Of the extra revenue versus Q1 2025, 4% reached operating profit, below the 6% margin then. Operating expenses grew 8% against revenue growth of 6%. Net earnings were $0.11B, down 3% year over year. The effective tax rate was 25.3%.
Operating cash flow was −$0.10B. Non-cash charges added back $0.08B of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $0.29B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.12B.
Questions
What was Henry Schein's revenue in the first quarter 2026?
Henry Schein (HSIC) reported revenue of $3.4B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -2% from the quarter before.
Was Henry Schein profitable in the first quarter 2026?
Operating profit was $182M (5.4% of revenue) and net earnings $107M.
Source: Henry Schein 10-Q on SEC EDGAR.