Revvity reports results on Tuesday 3 November, before the market opens. Analysts have been raising their forecasts going into the report. Revenue over the twelve months to Q2 2026 was $2.9 billion, which rose 4.1% on the year before.
What analysts expect
Profit and cash are telling different stories: cash flow rose while earnings fell. For the quarter, the analysts' average EPS estimate is $1.30, in a range from $1.28 to $1.33. The average revenue estimate for the quarter is $694.7 million. At the same time, the analysts' average estimate for full-year EPS is $5.35, which would be up 5.8% on last year (based on 15 analysts). That estimate has risen 2.0% over the past 90 days. Of the analysts' recommendations, 6 are positive, 11 neutral and 1 negative.
Company guidance
In its latest earnings release, management set full year 2026 pro forma adjusted earnings per share guidance at $5.30 to $5.40. In its latest earnings release, management set full year 2026 total revenue guidance at $2.8 billion to $2.9 billion.
Earnings surprise model
The model estimates EPS could land above the analysts' average estimate by 3.1%. Its estimated chance of an EPS beat is 75.0%, based on the last 4 quarters. The model shrinks the median recent surprise toward zero and uses a neutral prior for beat frequency; this small sample is a reference estimate, not company guidance.
Track record against estimates
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters. Last quarter, EPS of $1.41 compared with an estimate of $1.22, above it by 15.9%.
The trends going in
That growth rate was down 0.7 percentage points on the rate a quarter earlier. The trailing operating margin was 12.3%, down 1.3 percentage points from a year earlier. Meanwhile, the trailing net margin was 8.2%. Net income over the twelve months was $237.6 million, which fell 16.7% on the year before.
Cash flow
Buybacks are shrinking the share count, so each share claims more of the profit. Operating cash flow over the twelve months was $627.6 million, up 7.4% on the year before. Capital spending was $69.5 million, or 2.4% of revenue. Free cash flow, operating cash flow less capital spending, was $558.1 million, up 11.0% on the year before. Free cash flow was 19.2% of revenue (the free-cash-flow margin), up 1.2 percentage points from a year earlier. The average diluted share count fell 6.2% over the year.
In context
Measured against its own history: today's free-cash-flow margin of 19.2% is higher than 84% of the company's own past quarterly readings, which have ranged from −1.8% to 35.9%. Today's operating margin of 12.3% is higher than 54% of past readings (4.2% to 35.7%). Today's twelve-month revenue growth rate of 4.1% is higher than 59% of past readings (−24.3% to 44.0%).
Questions this report will answer
Whether the slowdown in revenue growth continues. Whether results land above or below the analysts' expectations set out above. At the same time, Whether margins hold at the trailing levels above. The next filing will show whether the trends above continue, slow or reverse.
What it means for our valuation
These trends feed directly into what the shares are worth in our model. In our model, growth 5 percentage points lower would lower the value by 30.8%, and growth 5 percentage points higher would raise it by 40.4%. A free-cash-flow margin 1 percentage point lower would lower it by 5.7%.
