The adjusted EPS miss vs consensus, combined with the Q4 constant currency organic revenue deceleration to 5% (from 8% in Q3), is a negative signal. The FY2027 guidance of 9-11% adjusted EPS growth implies a deceleration from FY2026's 10.3% growth. Monitor the May 12 conference call for commentary on tariff headwinds, capital equipment demand trends, and the timeline for the new $1B buyback.
Price Chart
Executive Summary
STERIS reported fiscal Q4 2026 GAAP diluted EPS of $2.24, significantly below the $2.85 consensus estimate, and adjusted EPS of $2.83, also missing the Street consensus of $2.85. Revenue of $1.588B was roughly in line with the $1.60B estimate. The company guided fiscal 2027 adjusted EPS to $11.10-$11.30, representing 9-11% growth, and announced a new $1B share repurchase program.
Key Financial Metrics
Key Facts
- Fiscal Q4 2026 GAAP diluted EPS from continuing operations: $2.24 vs $1.48 YoY
- Fiscal Q4 2026 adjusted EPS: $2.83 vs $2.74 YoY, missing consensus of $2.85
- Fiscal Q4 2026 revenue: $1.588B, +7.3% YoY, roughly in line with $1.60B consensus
- Full year fiscal 2026 GAAP diluted EPS: $7.93 vs $6.16 YoY
- Full year fiscal 2026 adjusted EPS: $10.17 vs $9.22 YoY
- Fiscal 2027 adjusted EPS guidance: $11.10-$11.30, 9-11% growth vs $10.17 FY2026
- Fiscal 2027 revenue growth guidance: 7-8% as reported, 6-7% constant currency organic
- Board authorized new $1B share repurchase program
- Fiscal 2026 free cash flow: $982.9M vs $787.2M YoY
- Fiscal 2027 free cash flow guidance: ~$850M
Financial Impact
Adjusted EPS of $2.83 missed consensus of $2.85 by ~0.7%, but GAAP EPS of $2.24 was a 21.4% miss vs the $2.85 Street estimate. Revenue was in line.
Risk Factors
- Tariff and inflation headwinds continue to pressure margins, partially offsetting volume/price gains
- AST capital equipment revenue declined 62% in Q4, signaling potential demand weakness
- Fiscal 2027 free cash flow guidance of $850M is below FY2026 actual of $982.9M
- GAAP EPS of $2.24 was significantly below the $2.85 consensus, which may spook investors focused on reported results
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-033580 |
| Document: ste-20260511.htm | 0001628280-26-033580 |
| Document: 0001628280-26-033580-index-headers.html | 0001628280-26-033580 |
| Document: 0001628280-26-033580-index.html | 0001628280-26-033580 |
| Document: 0001628280-26-033580.txt | 0001628280-26-033580 |
| 8-K Data (Synthetic) | 0001628280-26-033580 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 27, 2026 9w ago | Press Release | $230.34 $236.44 | ▲ +2.65% | ▼ −0.73% | $207.99 (−9.70%) |
Jun 15, 2026 15w ago | 144 | $206.51 $208.73 | ▲ +1.07% | ▲ +0.88% | $207.99 (+0.72%) |
Jun 11, 2026 16w ago | DEFA14A | $207.56 $216.00 | ▲ +4.07% | ▲ +2.29% | $207.99 (+0.21%) |
Jun 8, 2026 16w ago | Insider Cluster | $212.88 $215.39 | ▲ +1.18% | ▼ −0.27% | $207.99 (−2.30%) |
Jun 5, 2026 16w ago | 144 | $210.03 $213.28 | ▲ +1.55% | ▼ −0.08% | $207.99 (−0.97%) |
Jun 4, 2026 17w ago | 144 | $212.35 $213.28 | ▲ +0.44% | ▼ −1.42% | $207.99 (−2.05%) |
May 11, 2026 20w ago | 8-K | $210.23 $208.10 | ▲ +1.01% | ▼ −0.71% | $207.99 (+1.07%) |
May 11, 2026 20w ago | Press Release | $210.23 $208.10 | ▼ −1.01% | ▲ +0.71% | $207.99 (−1.07%) |
May 7, 2026 21w ago | 8-K | $207.24 $212.35 | ▲ +2.47% | ▲ +2.44% | $207.99 (+0.36%) |
Apr 21, 2026 23w ago | Press Release | $222.61 $214.42 | ▼ −3.68% | ▼ −6.84% | $207.99 (−6.57%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access