THE COOPER COMPANIES INCORPORATED (COO) Q1 FY2026 Earnings Recap
THE COOPER COMPANIES INCORPORATED (COO) reported Q1 FY2026 earnings on March 5, 2026. The company posted revenue of $1.024B (+6% YoY) and GAAP EPS of $0.66 (+27% GAAP, +20% Non-GAAP YoY).
Key Metrics
| Metric | Value | YoY Change |
|---|---|---|
| Revenue | $1.024B | +6% |
| GAAP EPS | $0.66 | +27% GAAP, +20% Non-GAAP |
| Non-GAAP EPS | $1.10 | — |
| Gross Margin | 68% | — |
| Net Income | $130.8M | +25% |
Segment Breakdown
| Segment | Revenue | YoY | % of Total |
|---|---|---|---|
| CooperVision (CVI) | $695.1M | +8% | 68% |
| CooperSurgical (CSI) | $329.0M | +3% | 32% |
Full-Year Summary (FY2026)
| Metric | Value | Change |
|---|---|---|
| Total Revenue Guidance | $4.306B - $4.346B | Organic growth 4.5% to 5.5% |
| CVI Revenue Guidance | $2.906B - $2.932B | Organic growth 4.5% to 5.5% |
| CSI Revenue Guidance | $1.400B - $1.413B | Organic growth 4.0% to 5.0% |
| Non-GAAP Diluted EPS Guidance | $4.58 - $4.66 | Raised |
| Free Cash Flow Guidance | $600M - $625M | Raised |
| Long-term FCF Outlook (FY2026-FY2028) | >$2.2B | On track |
Forward Guidance
Management guided next-quarter revenue to $4.306B - $4.346B (Organic growth of 4.5% to 5.5%).
- Total Revenue: $4.306B - $4.346B
- CVI Revenue: $2.906B - $2.932B
- CSI Revenue: $1.400B - $1.413B
- Non-GAAP Diluted EPS: $4.58 - $4.66
- Free Cash Flow: $600M - $625M
Key Highlights
- Revenue of $1.024B up 6% reported, 3% organically; raised full-year EPS and free cash flow guidance
- Non-GAAP operating margin expanded 180 bps YoY to 27%, driven by reorganization synergies and operating expense leverage
- CooperVision toric and multifocal revenue grew 6% organically, led by premium MyDay portfolio strength and early MyDay MiSight traction
- Free cash flow of $158.7M in Q1; $92.5M returned to shareholders via share repurchases (~1.1M shares) with $873.9M remaining authorization
- Long-term outlook reaffirmed for >$2.2B in cumulative free cash flow from FY2026-FY2028
Risks & Headwinds
Tariff impacts pressured gross margin by ~60 bps YoY on a non-GAAP basis; Asia Pacific CVI revenue declined 4%; substantial foreign currency headwinds reduced reported revenue growth by 3 percentage points; exposure to new tariffs, trade barriers and retaliatory actions remains a key risk; non-GAAP EPS guidance excludes potential acquisition, integration and restructuring charges.
CEO Commentary
"We're pleased to report a strong start to the fiscal year, highlighted by product launches, outstanding profitability, and robust cash flow, all of which gives us the confidence to raise both earnings and free cash flow guidance. Revenue growth benefited from continued strength in our premium MyDay portfolio, and momentum is building from product launches including early traction from MyDay MiSight." — Al White, CEO
Data sourced from THE COOPER COMPANIES INCORPORATED's Q1 FY2026 earnings press release filed with the SEC. This recap is auto-generated and is not investment advice.