earnings
confidence high
sentiment negative
materiality 0.75
GE HealthCare Q1 revenue up 7.4% but net income drops; cuts full-year guidance on inflation and tariffs
GE HealthCare Technologies Inc.
2026-Q1 EPS
reported $0.85
vs consensus $1.07
▼ miss
(-20.6%)
- Revenue $5.1B (+7.4% reported, +2.9% organic); net income $389M vs $564M; diluted EPS $0.85 vs $1.23; adjusted EPS $0.99 vs $1.01.
- Adjusted EBIT margin 13.5% vs 15.0%, down 150 bps; FY guidance reduced to 15.4-15.7% (from 15.8-16.1%).
- FY 2026 Adjusted EPS guidance cut to $4.80-$5.00 (from $4.95-$5.15); Free cash flow guides ~$1.6B (from ~$1.7B).
- PDx supplier issue (now resolved), memory chip/oil/freight inflation, and tariffs hurt margins; no IEEPA tariff refund assumed.
- Closed Intelerad acquisition for $2.3B; repurchased $100M in shares (1.4M shares) during quarter.