Embecta cuts FY2026 guidance and Q2 revenue falls 14.4% to $221.8 million
Embecta reported fiscal second-quarter 2026 revenue of $221.8 million, down 14.4%, and a GAAP net loss of $4.1 million, compared with net income of $23.5 million a year earlier. The company lowered its fiscal 2026 guidance, cut its quarterly dividend from $0.15 to $0.01 per share, and authorized a three-year share repurchase program of up to $100 million, while it awaits closing of the Owen Mumford acquisition expected in May 2026.
Key points
- Q2 U.S. revenues fell 29.4% to $95.4 million; International revenues rose 2.1% to $126.4 million on a reported basis.
- Fiscal 2026 reported revenue guidance is now $1,015 million to $1,035 million, down from $1,071 million to $1,093 million.
- Fiscal 2026 adjusted earnings per diluted share guidance is now $1.55 to $1.75, down from $2.80 to $3.00.
- Quarterly dividend reduced from $0.15 to $0.01 per share, payable June 15, 2026; the Board authorized up to $100 million in buybacks over three years.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.
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