Revenue growth was bolstered by a 9% organic increase, with Sample Management Solutions reaching $88 million and Multiomics contributing $73 million. While these figures represent progress, the company continues to manage the costs associated with quality remediation and rework activities in its Automated Stores division, which weighed on gross margins.
Azenta Exceeds Third Quarter Revenue Targets Amid Strategic Turnaround
Burlington-based Azenta, Inc. reported third-quarter revenue of $161 million, a 12% increase year-over-year that surpassed company expectations. Despite a challenging market, the life sciences firm saw balanced growth across its Sample Management Solutions and Multiomics segments, even as it navigates a broader organizational transformation.
President and CEO John Marotta noted that while the results serve as an encouraging step, the company remains in the midst of a multi-year turnaround. The firm finalized the divestiture of its B Medical Systems business on July 1, 2026, marking a significant step in its strategic realignment. Looking ahead, Azenta adjusted its full-year revenue outlook to a range of $613 million to $618 million and anticipates improved free cash flow performance of 10% to 15% compared to the previous year.
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