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IDEXX revenue rises 10% to $1.22 billion
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IDEXX revenue rises 10% to $1.22 billion

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  • IDEXX reported second-quarter revenue of $1.217 billion, up 10%, while diluted EPS increased 18% to $4.27.
  • IDEXX shares were unchanged at $567.84 in the latest available premarket quote.
  • The company raised its 2026 EPS outlook to $14.69–$14.94 and narrowed revenue guidance to $4.700–$4.745 billion.

IDEXX Laboratories (NASDAQ:IDXX) reported second-quarter revenue of $1.217 billion, up 10%, while diluted EPS increased 18% to $4.27.

Organic revenue grew 9%, while EPS benefited by $0.14 from share-based compensation tax benefits and $0.06 from currency movements.

Gross margin rose 140 basis points to 64%, operating margin reached 35%, and the inVue Dx installed base surpassed 9,000 instruments.

Following the announcement, IDEXX's share price was unchanged at $567.84, while the company forecast 2026 revenue of $4.7–$4.745 billion.

Meanwhile, CAG Diagnostics' recurring revenue increased 11%, with VetLab consumables up 15% and reference laboratory services growing 11%.

Water revenue also rose 15%, LPD revenue increased 11%, and veterinary software, services and diagnostic imaging revenue grew 12%.

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