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AI核心结论
RVTY delivered 7.0% revenue growth to $711.1M in Q2 2026, but net income slipped 3.6% to $40.7M as cost of revenue rose faster than sales and cash balances declined 24.4% year-over-year.
营业收入
$711.12M
同比 ++6.97%
每股收益（基本）
$0.36
同比 ++2.86%
营业利润
$75.89M
同比 ++5.06%
提交于 · 解读更新于 · 来源: SEC EDGAR 10-Q 原文
Revvity (RVTY) Q1 FY2026 营收 $711.12M，同比增长 7.0%。 净利润 $40.72M，同比下降 3.6%，稀释每股收益 $0.36。
Revenue increased 7.0% year-over-year to $711.1M in Q2 2026 from $664.8M in Q2 2025, indicating continued demand for RVTY's products and services despite a challenging macro environment.
来源: Source: 10-Q Income Statement (XBRL Financial Data)
Cost of revenue rose 11.8% YoY to $323.5M, outpacing revenue growth of 7.0%, which compressed gross profitability. Net income fell 3.6% to $40.7M even as operating income grew 5.1% to $75.9M, suggesting elevated below-the-line costs such as interest or tax expenses.
来源: Source: 10-Q Income Statement (XBRL Financial Data)
R&D expense grew 8.0% YoY to $57.9M, slightly ahead of revenue growth, reflecting RVTY's continued commitment to product development and innovation to sustain competitive positioning.
来源: Source: 10-Q Income Statement (XBRL Financial Data)
Current liabilities jumped 91.1% YoY to $1.24B from $648.2M, likely reflecting reclassification of long-term debt coming due within 12 months, which warrants monitoring given the current ratio of 1.72x and declining cash balance.
来源: Source: 10-Q Balance Sheet (XBRL Financial Data)
Long-term debt declined 16.9% YoY to $2.63B, and the company repurchased $86.5M in shares during the period (down 43.7% from $153.6M in Q2 2025), suggesting a more measured capital return approach while managing the balance sheet.
来源: Source: 10-Q Balance Sheet & Cash Flow (XBRL Financial Data)
Current liabilities increased 91.1% YoY to $1.24B, likely due to near-term debt maturities, while cash and equivalents fell 24.4% to $860.3M. Although the current ratio remains above 1.0x at 1.72x, the rapid shift in liability structure could strain liquidity if refinancing conditions are unfavorable.
来源: Source: 10-Q Balance Sheet (XBRL Financial Data)
Cost of revenue rose 11.8% YoY versus revenue growth of 7.0%, indicating margin compression at the gross level. If this trend persists, it could erode profitability and reduce the company's ability to invest in growth initiatives.
来源: Source: 10-Q Income Statement (XBRL Financial Data)
Operating cash flow fell 10.1% YoY to $115.2M from $128.2M, even as revenue grew, suggesting that working capital consumption or other cash costs are rising. Sustained deterioration in cash generation could limit financial flexibility.
来源: Source: 10-Q Cash Flow Statement (XBRL Financial Data)
Investing cash flow swung to -$78.3M from -$6.4M in the prior year period, a 1,127% increase in outflows, indicating a major step-up in capital expenditures or acquisitions. This elevated investment activity reduces free cash flow and increases execution risk.
来源: Source: 10-Q Cash Flow Statement (XBRL Financial Data)
Stockholders' equity fell 5.9% YoY to $7.18B and total assets declined 2.9% to $12.0B, reflecting a shrinking asset base and reduced book value. This trend, combined with rising liabilities, could pressure the company's debt-to-equity ratio over time.
来源: Source: 10-Q Balance Sheet (XBRL Financial Data)
Q1 FY2026 实际 EPS $1.06，分析师一致预期 $1.04，超预期 +2.3%。
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营业收入 | $711.12M | $664.76M | +6.97% |
营业成本 | $323.46M | $289.22M | +11.84% |
营业利润 | $75.89M | $72.23M | +5.06% |
净利润 | $40.72M | $42.24M | -3.60% |
每股收益（基本） | $0.36 | $0.35 | +2.86% |
每股收益（稀释） | $0.36 | $0.35 | +2.86% |
研发费用 | $57.89M | $53.6M | +8.00% |
销售及管理费用 | $253.88M | $249.72M | +1.67% |
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
总资产 | $12B | $12.36B | -2.95% |
流动资产 | $2.13B | $2.32B | -8.18% |
总负债 | $4.81B | $4.72B | +1.91% |
流动负债 | $1.24B | $648.19M | +91.09% |
股东权益 | $7.18B | $7.64B | -5.95% |
现金及等价物 | $860.32M | $1.14B | -24.38% |
长期债务 | $2.63B | $3.17B | -16.93% |
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
经营活动现金流 | $115.23M | $128.16M | -10.09% |
投资活动现金流 | $-78.27M | $-6.38M | -1127.22% |
筹资活动现金流 | $-88.89M | $-163.66M | +45.68% |
股票回购 | $86.5M | $153.59M | -43.69% |
折旧及摊销 | $105.06M | $97.42M | +7.84% |
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营业利润率 | 10.7% | 10.9% | -0.19% |
净利率 | 5.7% | — | — |
净资产收益率 | 0.6% | — | — |
总资产收益率 | 0.3% | — | — |
流动比率 | $1.718 | — | — |
资产负债率 | $0.67 | — | — |
RVTY reported Q2 2026 revenue of $711.1M, up 7.0% YoY, but net income fell 3.6% to $40.7M as cost of revenue rose 11.8%. A notable concern was the 91.1% surge in current liabilities to $1.24B, likely reflecting near-term debt maturities, while cash declined 24.4% to $860.3M.
Yes, RVTY grew revenue 7.0% year-over-year to $711.1M in Q2 2026, up from $664.8M in Q2 2025. However, cost of revenue grew faster at 11.8%, which compressed gross profitability during the quarter.
RVTY's net income fell 3.6% to $40.7M even though revenue rose 7.0%, primarily because cost of revenue increased 11.8% YoY, outpacing sales growth and squeezing margins. Additionally, below-the-line costs such as interest expense likely weighed on net income, as operating income actually grew 5.1% to $75.9M.
RVTY maintains a current ratio of 1.72x and a debt-to-equity ratio of 0.67x, suggesting moderate financial stability, but current liabilities surged 91.1% YoY to $1.24B, likely due to debt coming due within 12 months. Cash fell 24.4% to $860.3M and free cash flow dropped sharply to approximately $36.9M, so liquidity management will be a key focus.
RVTY repurchased $86.5M in shares during Q2 2026, a significant reduction of 43.7% compared to $153.6M in buybacks in Q2 2025. The company appears to be moderating its capital return program, likely to preserve cash amid rising near-term debt obligations.