Overview

• Life sciences solutions provider's fiscal Q1 revenue rose 1%, beating analyst expectations

• Adjusted EPS for fiscal Q1 missed analyst expectations

• Company authorized $250 mln share repurchase program through 2028

Outlook

• Azenta expects full-year 2026 organic revenue growth of 3% to 5%

• Company anticipates 300 basis points expansion in adjusted EBITDA margin for 2026

• Azenta expects stronger second half of 2026 supported by execution initiatives

Result Drivers

• GROSS MARGIN CHALLENGES - Gross margin decreased due to lost cost leverage from lower sales volumes and rework costs on Automated Stores projects

• FREE CASH FLOW - Strong free cash flow was generated, reflecting focus on operational discipline and working capital management, per CEO John Marotta

• MULTIOMICS GROWTH - Multiomics revenue increased 1% year over year, driven by growth in Next Generation Sequencing and Gene Synthesis

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Beat	$148.64 mln	$147.16 mln (8 Analysts)
Q1 Adjusted EPS	Miss	$0.09	$0.14 (8 Analysts)
Q1 Adjusted EBITDA		$13 mln
Q1 Adjusted EBITDA Margin		8.50%
Q1 Operating Income		-$7.24 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the biotechnology & medical research peer group is "buy"

• Wall Street's median 12-month price target for Azenta Inc is $41.00, about 11.1% above its February 3 closing price of $36.91

• The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 39 three months ago

Press Release: ID:nPn1gswPa

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