Filing Flows › Steris (STE) › Q1 FY26
Steris (STE) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 7, 2025
Steris (STE) reported revenue of $1.4B for the first quarter fiscal 2026 (Q1 FY26), +9% from a year earlier and -6% from the quarter before. Operating margin was 17.7%, net earnings $178M (12.8% of revenue).
Steris, Q1 FY26: revenue $1.4B (+9% year over year), operating margin 17.7%, net earnings $178M, operating cash flow $420M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -6% | +9% |
| Gross profit | $628M | -2% | +10% |
| Operating profit | $246M | +14% | +33% |
| Net earnings | $178M | +22% | +22% |
| Operating cash flow | $420M | +61% | +38% |
| Free cash flow | $326M | — | +67% |
What changed
Revenue was $1.4B in Q1 FY26, up 9% year over year and down 6% from the previous quarter. Healthcare was the largest line at 70% of revenue. Healthcare added $0.07B year over year (up 8%), 66% of the total change.
Gross margin was 45.1%, up 0.4 points from a year earlier. Operating profit was $0.25B, a 17.7% margin (up 3.2 points year over year). Of the extra revenue versus a year earlier, 54% reached operating profit, above the 14% margin then. Operating expenses fell 1% while revenue rose 9%. Net earnings were $0.18B, up 22% year over year. The effective tax rate was 23.2%.
Operating cash flow was $0.42B (up 38% year over year), 236% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.11B. After purchases of property, plant, equipment, and intangibles, net ($0.09B), free cash flow as the company reports it was $0.33B.
Questions
What was Steris' revenue in the first quarter fiscal 2026?
Steris (STE) reported revenue of $1.4B for the first quarter fiscal 2026 (Q1 FY26), +9% from a year earlier and -6% from the quarter before.
Was Steris profitable in the first quarter fiscal 2026?
Operating profit was $246M (17.7% of revenue) and net earnings $178M.
Source: Steris 10-Q on SEC EDGAR.