GE HealthCare Technologies Q1 Earnings Call Highlights

3 weeks ago 18

MarketBeat

Wed, April 29, 2026 astatine 10:43 AM CDT 8 min read

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Key Points

Q1 revenue came successful astatine $5.1 billion with 2.9% integrated growth, a 1.07x book-to-bill and a grounds backlog of $21.8 billion, but profitability lagged with an adjusted EBIT borderline of 13.5% and adjusted EPS of $0.99.
Management chopped full-year nett and free-cash-flow guidance aft a supplier-related PDX callback and rising input costs, citing astir $250 million of gross ostentation (~$0.43 per share) and present guiding adjusted EPS to $4.80–$5.00 and escaped currency travel to ~$1.6 billion.
Strategic and merchandise updates see U.S./Japan clearance for the Photonova Spectra photon-counting CT (revenue expected from H1 2027), a ramping radiopharmaceutical Flyrcado targeting $500M+ yearly gross by 2028, the Intelerad acquisition, and a reorganization into a caller Advanced Imaging Solutions segment.
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GE HealthCare Technologies (NASDAQ:GEHC) reported first-quarter 2026 results that absorption said landed astatine the precocious extremity of expectations connected revenue, portion profits and currency travel guidance for the afloat twelvemonth were reduced to bespeak higher input costs and a first-quarter supplier-related callback successful Pharmaceutical Diagnostics (PDX).

First-quarter results: Revenue maturation meets expectations, margins pressured

President and CEO Peter Arduini said the institution was “pleased with the top-line maturation that came successful astatine the precocious extremity of our expectations,” citing spot successful pharmaceutical diagnostics, Advanced Imaging Solutions and the imaging businesses, on with “strong services growth.” Arduini added that the superior instrumentality backdrop remains supportive, with “healthy lawsuit request globally with resilient process growth,” and pointed to “solid show successful orders, book-to-bill, and backlog.”

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Vice President and CFO Jay Saccaro said GE HealthCare delivered gross of $5.1 billion, representing 2.9% integrated growth twelvemonth implicit year. Regionally, Saccaro cited double-digit reported gross maturation successful EMEA and the remainder of satellite and mid-single-digit maturation successful the U.S., portion China gross declined twelvemonth implicit twelvemonth but “improved sequentially” and was “in enactment with our expectations.”

Orders grew 1.1% against a double-digit examination a twelvemonth ago, and the institution posted a 1.07x book-to-bill and a record backlog of $21.8 billion, up $1.2 billion twelvemonth implicit year. GE HealthCare reported $112 million successful escaped currency travel for the quarter.

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