IDXX · 8-K · 20260804PR090033

Gross Margin Drivers

IDEXX LABORATORIES INC /DE · 2026-08-04 · Importance 54 · Surprise 40

Second-quarter gross profit increased 12% reported and 11% on a comparable basis to $779.1 million. Gross margin expanded 140 basis points reported to 64.0% and 120 basis points on a comparable basis. Management attributed the improvement to recurring-revenue volume gains, operational productivity initiatives, and net price realization. Water gross margin increased to 74.4% from 69.6%, while LPD gross margin increased to 53.0% from 47.0%.

Key facts

• Second quarter gross profit: $779,087, an increase of 12% as reported and 11% on a comparable basis. source
• Second quarter gross margin: 64.0%, up 140 basis points as reported and 120 basis points on a comparable basis. source
• CAG gross profit for Q2 2026: $715,787 representing 64.0% gross margin for the segment. source
• Water gross profit for Q2 2026: $43,598 representing 74.4% gross margin for the segment. source