EarningsQ2 2026 Earnings Report
MX:NVST Q2 2026 EPS Results
Actual EPS$7.42
Consensus EPS$6.06
Beat/MissBeat by +$1.36
One Year Ago EPS$4.70
MX:NVST Q2 2026 Revenue Results
Actual Revenue$13.22B
Expected Revenue$12.96B
Beat/MissBeat by +$260.36M
YoY Revenue Growth+7.10%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:NVST Upcoming Earnings
Envista Holdings's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:NVST Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call reported a strong quarter with broad-based revenue growth, meaningful margin expansion, large EPS and free-cash-flow improvement, a strengthened balance sheet and raised full-year guidance. Operational highlights included robust E&C performance, double-digit Spark growth, successful new product launches, and continued share gains. Headwinds and risks were manageable and largely named and quantified: China VBP-driven price pressure and timing uncertainty, a Q4 billing-day calendar headwind, tariff-related costs, and the end of a small deferral tailwind. Overall, management framed the issues as addressable while emphasizing continued momentum, investment in R&D and commercial initiatives, and confidence in the raised guidance.Company Guidance
Revenue and Core Growth
Q2 sales of $731 million; core sales up 5% year-over-year and total revenue up just over 7% (including ~200 bps from FX and recent acquisitions). First half core growth was just over 7%.
Segment Strength — Equipment & Consumables
Equipment & Consumables core growth of 8.5% in Q2 with high-single-digit growth in both consumables and diagnostics; adjusted operating profits for the segment increased 25% year-over-year with operating margins up ~250 basis points.
Segment Performance — Specialty Products & Technology
Specialty Products & Technology revenue grew nearly 6% year-over-year with core sales up ~3.1%; Spark grew double digits and the segment posted adjusted operating profit growth of 15% with margin expansion of ~120 basis points.
Margin Expansion and Profitability
Adjusted gross margin expanded to 55.1% (up ~70 basis points year-over-year). Adjusted EBITDA increased 28% year-over-year to a margin of 14.7% (up ~230 basis points).
Earnings and Tax Rate
Adjusted EPS was $0.41 in Q2, up 58% year-over-year. Non-GAAP tax rate was 25% in Q2 and full-year 2026 tax rate guidance lowered to ~26% (about 2 percentage points better than initial guidance).
Cash Generation and Capital Allocation
Q2 free cash flow was $105 million, up $29 million versus prior year; free cash flow conversion for the quarter was 158% and full-year conversion expected to be ~100%. Purchased ~2.4 million shares in Q2 at an average price of $24.
Balance Sheet and Financial Flexibility
Net debt to adjusted EBITDA of 0.7x, reflecting a strong and flexible balance sheet supporting M&A and share repurchases.
Guidance Raise
Management raised full-year 2026 guidance: core growth now 3.5%–4.5%, adjusted EBITDA growth 11%–14%, adjusted EPS $1.50–$1.55, and free cash flow conversion of ~100%.
Product Innovation and Commercial Momentum
Multiple new product launches (e.g., ZenSeal Pro endodontic sealer, DemiPro curing light, expanded Ormco Digital Bonding) with Spark and recent product/brand investments driving share gains; Versah acquisition contributing to acquisition-related sales (+$4M).
MX:NVST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed