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QuidelOrtho (QDEL) Q3 2026 earnings results (third quarter 2026)

10-Q filed Nov 4, 2026

QuidelOrtho (QDEL) reported revenue of $619M for the third quarter 2026 (Q3 2026), -12% from a year earlier and -2% from the quarter before. Operating margin was -1.2%, net loss $53.8M (8.7% of revenue).

Revenue$619M
Year over year-12%
Quarter over quarter-2%
Operating margin-1.2%
Net earnings−$53.8M

QuidelOrtho, Q3 2026: revenue $619M (-12% year over year), operating margin -1.2%, net loss $53.8M, operating cash flow $19.6M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$619M-2%-12%
Operating profit−$7.5M——
Net earnings−$53.8M——
Operating cash flow$19.6M——
Free cash flow$300K——

What changed

Revenue was $618.9M in Q3 2026, down 12% year over year and down 2% from the previous quarter.

Operating costs exceeded revenue by $7.5M, an operating margin of -1.2%. Total costs fell 55% while revenue fell 12%. The quarter ended with a net loss of $53.8M, narrower than the previous quarter's $92.9M loss. Net interest and other expense of $55.4M was the main reason.

Operating cash flow was $19.6M. Non-cash charges added back $119.6M of depreciation and amortization and $12.0M of share-based compensation. Working capital and other items used $58.2M. After acquisitions of property, plant, equipment, investments and intangibles (capital expenditures), net ($19.3M), free cash flow as the company reports it was $300K.

Questions

What was QuidelOrtho's revenue in the third quarter 2026?

QuidelOrtho (QDEL) reported revenue of $619M for the third quarter 2026 (Q3 2026), -12% from a year earlier and -2% from the quarter before.

Was QuidelOrtho profitable in the third quarter 2026?

Operating loss was $7.5M (-1.2% of revenue) and net loss $53.8M.

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Source: QuidelOrtho 10-Q on SEC EDGAR.