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AngioDynamics (ANGO) investor relations material
AngioDynamics Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved 12.2% year-over-year revenue growth to $75.7 million, led by 26.1% Med Tech growth and 2.3% Med Device growth.
Med Tech segment sales reached $35.3 million, marking the fourth consecutive quarter of over 20% growth.
Adjusted EBITDA turned positive at $2.2 million, up from a loss in the prior year.
Ended the quarter with $38.8 million in cash and zero debt, providing financial flexibility.
Raised full-year FY26 guidance for net sales, Med Tech growth, Adjusted EBITDA, and Adjusted EPS.
Financial highlights
Med Tech revenue: $35.3 million (+26.1%); Med Device revenue: $40.4 million (+2.3%).
Gross margin improved to 55.3%, up 90 basis points year-over-year; Med Tech gross margin 62.2%, Med Device 49.3%.
Adjusted net loss narrowed to $4.2 million (loss per share $0.10); GAAP net loss was $10.9 million (loss per share $0.26).
Adjusted EBITDA for Q1 FY26 was $2.2 million, up from $(0.2) million in Q1 FY25.
Cash utilization for the quarter was $17.1 million, with cash and equivalents at $38.8 million and no debt.
Outlook and guidance
FY26 net sales guidance raised to $308–$313 million (5–7% growth over FY25).
Med Tech net sales expected to grow 14–16%; Med Device expected to be flat.
Gross margin guidance at 53.5–55.5%, including $4–$6 million in tariff impact.
Adjusted EBITDA guidance increased to $6–$10 million; adjusted loss per share improved to $0.33–$0.23.
Expects to be cash flow positive for full FY26.
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