Azenta Shares Surge 21% Following Strong Fiscal Fourth Quarter Results
Azenta (AZTA) shares rose approximately 21% on Wednesday after the healthcare technology company reported fiscal fourth-quarter 2026 results that significantly exceeded analyst expectations. Revenue grew 5% year-over-year to $167 million, fueled by a 9% increase in its sample management solutions unit. The company's adjusted net income reached $12.3 million ($0.28 per share), outperforming the consensus estimate of $0.12 per share. Looking ahead to fiscal 2027, Azenta provided revenue guidance between $648 million and $660 million and expects its adjusted EBITDA margin to expand by 200 to 250 basis points compared to 2026.