Charles River Q2 2026: $1.00 billion revenue, GAAP loss, guidance raised
Charles River posted $1.00 billion of second-quarter revenue and a small GAAP loss, but beat the $2.76 non-GAAP EPS consensus with $3.02 and raised full-year guidance. Read it as a transition quarter: divestitures and one-time charges distort the headline, while organic growth of 0.1% shows the core business is only starting to stabilise.
1 · Expected vs. Actual
Free preview belowGAAP earnings flipped to a loss of $0.03 per diluted share from $1.06 of income a year ago, because the CDMO and Cell Solutions divestiture alone cost $63.7 million, or $1.40 per share. Non-GAAP EPS of $3.02 fell 3.2% year over year yet still beat the $2.76 consensus. Non-GAAP net income was $146.2 million, down 5.0%, as higher DSA study costs and unallocated corporate costs offset the Manufacturing improvement.
Revenue of $1.00 billion was down 2.7% from $1.03 billion a year earlier, but most of that drop is portfolio surgery: divestitures removed 3.8 points and foreign exchange another 0.8 points. Strip those out and organic revenue rose 0.1%, which management calls the highest since the third quarter of 2023. Under the surface, RMS fell 1.4% organically, DSA rose 0.2% and Manufacturing rose 1.3%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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