IDXX · Earnings call · 2026Q2T · Full report

Macroeconomic Factors Impact

IDEXX LABORATORIES INC /DE · 2026-08-04 · Importance 25 · Surprise 32

Management said broad inflationary pressure and elevated gas and housing costs are weighing on discretionary veterinary demand in the United States. Wellness visits were down below 3% year over year, while non-wellness visits showed modest improvement. Management also attributed a more muted puppy impact to consumers being slower to add or replace pets during periods of economic pressure. IDEXX expects U.S. clinical visits to decline approximately 1.5% in the second half of 2026, while diagnostics utilization and the aging pet population provide offsets.

Key facts

• 75% of veterinary technicians working in practices are women of child-bearing age, cited in relation to radiation safety focus.