ICU Medical Q1 2026 GAAP revenue fell 12% to $530.2 million; net income $30.1 million
ICU Medical reported first quarter 2026 results on May 7, 2026. GAAP revenue fell 12% year over year to $530.2 million, mainly due to the May 1, 2025 divestiture of its IV Solutions business, while GAAP net income swung to $30.1 million from a $15.5 million loss, helped by a $33.4 million tax benefit. The filing does not include new full-year guidance, and adjusted EBITDA was roughly flat at $98.7 million.
Key points
- GAAP revenue was $530.2 million, down from $604.7 million; non-GAAP organic revenue rose 1% excluding the IV Solutions divestiture and foreign currency.
- GAAP net income was $30.1 million, or $1.20 per diluted share, versus a net loss of $15.5 million, or $0.63 per share, a year earlier.
- Adjusted diluted EPS was $1.97, up from $1.72; adjusted EBITDA was $98.7 million, versus $99.4 million.
- Free cash flow was $27.6 million, down from $36.7 million, and cash and cash equivalents were $288.3 million at March 31, 2026.
The filing
Written by AI on Nov 8, 2026, 1:01 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 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.