Bio-Rad Laboratories (NYSE:BIO) Releases Earnings Results, Beats Estimates By $0.42 EPS

Bio-Rad Laboratories (NYSE:BIO) released its earnings results on Wednesday. The medical research company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.42, FiscalAI reports. The company had revenue of $656.40 million during the quarter, compared to the consensus estimate of $649.94 million. Bio-Rad Laboratories had a return on equity of 3.64% and a net margin of 39.45%. Bio-Rad Laboratories’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.26 EPS.

Here are the key takeaways from Bio-Rad Laboratories’ conference call:

• Bio-Rad returned to modest currency-neutral growth in Q3, with revenue up 0.7%. Non-GAAP gross margin rose to 54.5% from 53.5% a year earlier, and non-GAAP diluted EPS increased to $2.65 from $2.26.
• ddPCR remained a growth driver: portfolio revenue rose 7% currency-neutral, while instrument revenue increased more than 20% for a third consecutive quarter. Management said placements and competitive wins support the opportunity, though consumable pull-through has not yet normalized and may remain soft into 2027.
• Bio-Rad reaffirmed 2026 currency-neutral revenue growth guidance of -3% to +0.5%, expecting results near the midpoint. It anticipates continued academic and government market weakness, a Q4 sequential decline in gross margin, and a sequential decline in process chromatography revenue.
• Management cited ongoing market pressures, including NIH outlays down about 15% year over year in Q3 and pricing pressure in China. It estimates China’s updated healthcare guidelines could reduce 2027 revenue by a mid-single-digit millions of dollars amount; elevated Middle East logistics costs may also persist into 2027.
• Management said it is focused on returning to positive revenue growth and expanding margins in 2027, while cautioning that the recovery may not be fully normalized. The restructuring program is expected to deliver $30 million–$35 million in savings, with full benefits beginning in 2028.

Bio-Rad Laboratories Stock Up 3.6%

Shares of NYSE:BIO traded up $13.30 during trading on Friday, hitting $382.30. 163,105 shares of the company’s stock traded hands, compared to its average volume of 306,033. The company has a current ratio of 3.14, a quick ratio of 2.33 and a debt-to-equity ratio of 0.11. Bio-Rad Laboratories has a 52 week low of $236.73 and a 52 week high of $396.23. The company has a 50-day moving average price of $373.87 and a 200-day moving average price of $315.17. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 10.09 and a beta of 1.06.

Wall Street Analysts Forecast Growth

BIO has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on shares of Bio-Rad Laboratories from $390.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday. Weiss Ratings raised Bio-Rad Laboratories from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Citigroup boosted their target price on Bio-Rad Laboratories from $300.00 to $330.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Zacks Research raised Bio-Rad Laboratories from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Bio-Rad Laboratories from $310.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $366.67.

About Bio-Rad Laboratories

Bio-Rad Laboratories, Inc develops, manufactures and markets products and systems used in life science research and clinical diagnostics. Its life science portfolio includes laboratory instruments, reagents, software and consumables used in areas such as genomics, proteomics, cell biology, biopharmaceutical development and quality control.

The company’s clinical diagnostics business provides systems, reagents and software for blood typing, infectious disease testing, diabetes monitoring, quality control and other diagnostic applications.