Omnicell Sees 15% Q1 Revenue Growth, Swings to Profit and Raises 2026 Outlook
Omnicell posted 15% year-over-year revenue growth to $310 million in Q1, swinging to $11 million GAAP net income and $25 million non-GAAP net income while non-GAAP EBITDA nearly doubled to $45 million. The company raised 2026 full-year guidance to $153–168 million EBITDA and $1.80–2.00 EPS.
1. Q1 Financial Results
Omnicell delivered Q1 revenue of $310 million, up 15% year-over-year, achieved GAAP net income of $11 million ($0.25/share) and non-GAAP net income of $25 million ($0.55/share), and saw non-GAAP EBITDA jump to $45 million from $24 million last year.
2. Full-Year 2026 Guidance Raised
Management increased full-year non-GAAP EBITDA guidance to $153–168 million and EPS expectations to $1.80–2.00, reflecting confidence in sustained demand and margin improvement throughout the year.
3. Growth Drivers and Outlook
Strength in connected devices, services, SaaS and consumables underpinned results, while adoption of Titan XT and OmniSphere platforms positions Omnicell for continued recurring revenue growth and operating leverage.