Earnings Call
Jun 4, 2026
Q2 FY2026
EPS Estimate
1.10
EPS Actual
1.21
Post-Earnings Close
$67.34
Earnings Reaction
+8.6%
Cooper Companies posted record quarterly revenue and non-GAAP earnings in Q2 FY2026, with consolidated revenue of $1.08 billion growing 8% year-over-year and non-GAAP EPS of $1.21 surging 26%, both well ahead of consensus expectations of $1.05 billion and $1.10, respectively. The beat marks the tenth consecutive quarter of exceeding earnings estimates, a streak that underscores the durability of Cooper's operating model even as the company navigates meaningful geographic and strategic complexity. Operating margin expanded to 27.5%, driven by a 19% increase in operating income, as back-office consolidation efforts, particularly at CooperSurgical, delivered meaningful leverage with operating expenses rising just 1% year-over-year. Free cash flow of $96 million was used to reduce net debt to $2.3 billion, and management raised the full-year free cash flow outlook to approximately $650 million (excluding litigation payouts), with a reiterated $2.2 billion three-year target through 2028 that now absorbs the litigation settlement costs.
Report generated on Jun 5, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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