Filing Flows › QuidelOrtho (QDEL) › Q1 2026
QuidelOrtho (QDEL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
QuidelOrtho (QDEL) reported revenue of $620M for the first quarter 2026 (Q1 2026), -11% from a year earlier and -14% from the quarter before. Operating margin was -5.1%, net loss $91.8M (14.8% of revenue).
QuidelOrtho, Q1 2026: revenue $620M (-10% year over year), operating margin -5.1%, net loss $91.8M, operating cash flow −$33.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $620M | -14% | -11% |
| Operating profit | −$31.8M | — | -198% |
| Net earnings | −$91.8M | — | — |
| Operating cash flow | −$33.0M | -125% | -150% |
What changed
Revenue was $619.8M in Q1 2026, down 11% year over year and down 14% from the previous quarter.
Operating costs exceeded revenue by $31.8M, an operating margin of -5.1%. Total costs fell 1% while revenue fell 11%. The quarter ended with a net loss of $91.8M, narrower than the previous quarter's $130.7M loss. Net interest and other expense of $47.7M was the main reason.
Operating cash flow was −$33.0M. Non-cash charges added back $112.9M of depreciation and amortization and $10.7M of share-based compensation. Working capital and other items used $64.8M. Capital expenditures of $34.0M exceeded it, leaving free cash flow of −$67.0M.
Questions
What was QuidelOrtho's revenue in the first quarter 2026?
QuidelOrtho (QDEL) reported revenue of $620M for the first quarter 2026 (Q1 2026), -11% from a year earlier and -14% from the quarter before.
Was QuidelOrtho profitable in the first quarter 2026?
Operating loss was $31.8M (-5.1% of revenue) and net loss $91.8M.
Source: QuidelOrtho 10-Q on SEC EDGAR.