IDXX · Earnings call · 2026Q2T · Full report
FX / Currency Headwinds
IDEXX LABORATORIES INC /DE · 2026-08-04 · Importance 32 · Surprise 24 · No source text
Updated 2026 guidance includes a $15 million revenue headwind from foreign-currency changes versus prior estimates. Foreign exchange is expected to provide an approximately 60-basis-point benefit to reported full-year revenue growth at the rates in the company’s press release, while creating a 70-basis-point reported-revenue headwind in the third quarter. A 1% strengthening of the U.S. dollar would reduce remaining-year revenue by approximately $8 million and EPS by $0.03. Updated FX rates also represent a $0.05 per-share headwind to full-year EPS.
Key facts
- The updated reported revenue outlook reflects reported revenue growth of 9.1% to 10.3%, including approximately a 60 basis point benefit to full year growth from foreign exchange at the rates outlined in the press release.
- A 1% strengthening of the U.S. dollar would reduce revenue by approximately $8 million and EPS by $0.03 per share for the remainder of the year.
- Updated reported revenue outlook includes a $15 million headwind related to foreign currency changes compared to prior estimates.
- Foreign exchange added $6 million to operating profit and $0.06 to EPS in Q2, net of hedge effects.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | committed | -1.1% | Updated reported revenue outlook includes a $15 million headwind related to foreign currency changes compared to prior estimates. |
| revenue | positive | committed | +0.5% | The updated reported revenue outlook reflects reported revenue growth of 9.1% to 10.3%, including approximately a 60 basis point benefit… |
| revenue | negative | contingent | -0.1% | A 1% strengthening of the U.S. dollar would reduce revenue by approximately $8 million and EPS by $0.03 per share for the remainder of the… |
| net_income | negative | contingent | — | A 1% strengthening of the U.S. dollar would reduce revenue by approximately $8 million and EPS by $0.03 per share for the remainder of the… |