Azenta revises FY'26 revenue outlook down, reports Q2 loss with goodwill impairment charge

Azenta, Inc. reported a weaker-than-expected Q2 FY'26 with a net loss driven by a $149 million goodwill impairment. The company lowered its FY'26 revenue guidance to $603-$621 million, with organic revenue expected to decline 2% to grow 1%, down from prior growth estimates of 3%-5%. Adjusted EBITDA margin is now expected to decline or remain flat, and the long-range plan timeline has been extended to 2029. Despite near-term challenges, Azenta remains confident in its long-term strategy and market opportunities.