Filing Flows › Steris (STE) › Q1 FY27
Steris (STE) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 7, 2026
Steris (STE) reported revenue of $1.5B for the first quarter fiscal 2027 (Q1 FY27), +7% from a year earlier and -6% from the quarter before. Operating margin was 19.1%, net earnings $201M (13.5% of revenue).
Steris, Q1 FY27: revenue $1.5B (+7% year over year), operating margin 19.1%, net earnings $201M, operating cash flow $367M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -6% | +7% |
| Gross profit | $684M | -2% | +9% |
| Operating profit | $286M | -10% | +16% |
| Net earnings | $201M | -9% | +13% |
| Operating cash flow | $367M | +9% | -13% |
| Free cash flow | $280M | — | -14% |
What changed
Revenue was $1.5B in Q1 FY27, up 7% 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%), 72% of the total change.
Gross margin was 45.8%, up 0.7 points from Q1 FY26. Operating profit was $0.29B, a 19.1% margin (up 1.5 points year over year). Of the extra revenue versus Q1 FY26, 39% reached operating profit, above the 18% margin then. Operating expenses grew 4% against revenue growth of 7%. Net earnings were $0.20B, up 13% year over year. The effective tax rate was 26.5%.
Operating cash flow was $0.37B (down 13% year over year), 183% 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 $0.03B. After purchases of property, plant, equipment, and intangibles, net ($0.09B), free cash flow as the company reports it was $0.28B.
Questions
What was Steris' revenue in the first quarter fiscal 2027?
Steris (STE) reported revenue of $1.5B for the first quarter fiscal 2027 (Q1 FY27), +7% from a year earlier and -6% from the quarter before.
Was Steris profitable in the first quarter fiscal 2027?
Operating profit was $286M (19.1% of revenue) and net earnings $201M.
Source: Steris 10-Q on SEC EDGAR.