Bio-Rad Reports First-Quarter 2026 Financial Results

About this update from Bio-rad Laboratories, Inc.

HERCULES, Calif., April 30, 2026--(BUSINESS WIRE)--Bio-Rad Laboratories, Inc. (NYSE: BIO and BIO.B), a global leader in life science research and clinical diagnostics products, today announced financial results for the first quarter ended March 31, 2026. Norman Schwartz, Bio-Rad’s Chairman and Chief Executive Officer, stated: "Our first-quarter results reflected our resolve in navigating a dynamic environment. Despite external headwinds including challenging academic end markets and conflict escalation in the Middle East, reported sales grew 1.1% year-over-year. Against this backdrop, we generated strong operating cash flow, $78 million in free cash flow, and repurchased approximately 176 thousand shares, highlighting the quality and long-term durability of our business. We continue to evaluate and optimize our organization to create more value for customers, and ultimately, shareholders." Financial Results Highlights The non-GAAP financial measures shown in the table above and discussed below exclude certain items detailed later in this press release under the heading "Use of Non-GAAP Reporting". A reconciliation between historical GAAP operating results and non-GAAP operating results is provided following the financial statements that are part of this press release. First-Quarter 2026 Results First-quarter 2026 total net sales were $592.1 million, an increase of 1.1 percent compared to $585.4 million reported for the first quarter of 2025. On a currency-neutral basis, sales decreased 4.2 percent compared to the same period in 2025, driven by lower sales in both Life Science and Clinical Diagnostics segments. Life Science segment net sales for the first quarter were $228.5 million, essentially flat compared to the same period in 2025. On a currency-neutral basis, Life Science segment sales decreased 4.3 percent compared to the same period in 2025. The currency-neutral year-over-year sales decrease was primarily driven by ongoing challenges in the academic research market, particularly in the Americas. Clinical Diagnostics segment net sales for the first quarter were $363.6 million, an increase of 1.9 percent compared to the same period in 2025. On a currency-neutral basis, Clinical Diagnostics segment sales decreased 4.1 percent compared to the same period in 2025. The currency-neutral year-over-year sales decrease was primarily drive...

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