Quidel Corp
F:QL1

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Quidel Corp
F:QL1
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Price: 81.28 EUR 0.82%
Market Cap: €5.4B

Quidel Corp
Investor Relations

Quidel Corp makes diagnostic tests and testing systems used to find diseases and conditions quickly. Its products include rapid point-of-care tests, lab-based assays, and the instruments that read those tests. The company focuses on areas such as infectious disease, women’s health, and heart-related testing, where doctors need fast and reliable answers. Its main customers are hospitals, clinics, physician offices, laboratories, and public health groups. Quidel sells test kits, cartridges, analyzers, and related supplies, and it also earns money from service and recurring consumable sales after a customer installs its equipment. That makes the business part equipment provider and part repeat-purchase consumables business. What sets Quidel apart is its role in the testing chain: it helps move diagnosis closer to the patient instead of sending every sample to a central lab. That makes its products useful in places where speed matters and where doctors need to make treatment decisions right away.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 5, 2026
AI Summary
Q1 2026

Q1 hit: Total revenue was $620 million, but results were pressured by a much weaker respiratory season and slower sales in China ahead of expected pricing changes.

Outlook cut: Management lowered 2026 revenue guidance to $2.7 billion to $2.75 billion and now expects adjusted EBITDA of $615 million to $630 million.

Cash flow: Q1 free cash flow was negative $67 million, but the company still expects full-year free cash flow of $100 million to $120 million.

China risk: China remains a headwind, but management said it does not plan to exit the market and believes the business will stay accretive to margins.

Growth drivers: The company highlighted LEX Diagnostics, the high-sensitivity troponin assay, and the VITROS 450 rollout as key longer-term growth supports.

Key Financials
Revenue
$620 million
Non-respiratory revenue
$552 million
Non-respiratory revenue excluding Donor Screening
$544 million
Labs revenue
down 8%
Immunohematology revenue
up 3%
Triage revenue
down $3 million
Respiratory revenue
$68 million
Adjusted gross profit margin
44%
Adjusted EBITDA
$109 million
Adjusted EBITDA margin
18%
Adjusted diluted loss per share
$0.04
Cash
$140 million
Borrowings
$130 million
Operating cash flow
negative $33 million
Free cash flow
negative $67 million
Accounts receivable cash collections
$54 million
CapEx reduction
$22 million
Net debt to adjusted EBITDA leverage
4.1x
Influenza-like illness visits
down approximately 30%
Foreign currency benefit
210 basis points
U.S. troponin customers
more than 300
Earnings Call Recording
Other Earnings Calls

Management

Mr. Joseph M. Busky CPA
Chief Financial Officer
No Bio Available
Dr. Werner Kroll Ph.D.
Executive Officer
No Bio Available
Mr. Brian J. Blaser
President, CEO & Director
No Bio Available
Mr. Philip McLellan
Chief Operations Officer
No Bio Available
Mr. Jonathan Siegrist Ph.D.
Executive VP of Research & Development and CTO
No Bio Available
Ms. Juliet C. Cunningham
Vice President of Investor Relations
No Bio Available
Ms. Michelle A. Hodges J.D.
Chief Legal Officer
No Bio Available
Mr. Ronald Lee Bowman
Chief Human Resources Officer
No Bio Available
Mr. William J. Ferenczy
Point of Care Business Unit Leader
No Bio Available
Ms. Tamara A. Ranalli
Molecular Diagnostics Business Unit Leader
No Bio Available

Contacts

Address
CALIFORNIA
San Diego
9975 Summers Ridge Road
Contacts
+18585521100.0
www.quidel.com
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