Analyst Consensus ?
ConsensusHold23 ratings
Bullish1356.5%
Neutral939.1%
Bearish14.4%
IDEXX Laboratories, Inc. · IDXX · FY2025 Q3 · Calendar Q4 2025
IDEXX: InVue Dx adoption and diagnostics growth support raised outlook
The supplied analysis supports a constructive operating thesis for IDEXX: recurring diagnostics growth, InVue Dx adoption, new tests, and international expansion provide multiple growth avenues. The thesis remains conditional on continued product uptake, resilient wellness demand, and effective execution.
Reported Before market openNASDAQHealthcare
$40.89B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.40
Consensus $3.14
EPS surprise
+8.3%
Reported versus consensus
Reported revenue
$1.11B
Consensus $1.07B
Revenue surprise
+3.0%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+14.8%
Event window
SPY move
+0.2%
Same window
Abnormal move
+14.7%
Stock minus SPY
Volume
3.8×
Versus trailing sessions
Subsequent drift
+1.4%
Up to 20 sessions
IDXXSPY benchmark
Ask FN2 about IDXX FY2025 Q3
Transcript, numbers and history already loaded
Why did IDXX rise 14.8% after beating EPS estimates in FY2025 Q3?What changed in IDXX's guidance and outlook in FY2025 Q3?Give me the bull and bear case for IDXX after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the current analysis shows stronger reported growth, continued InVue Dx momentum, expanded test adoption, and a raised full-year outlook. The focus also broadened to include AI-enabled diagnostics, cloud software, and a larger international commercial footprint, while wellness-visit softness and execution risks remain.
Guidance delta
Management analysis says full-year revenue and EPS guidance was raised, supported by instrument adoption, diagnostics growth, and new product momentum.
Key takeaways
- Management analysis describes 13% year-over-year revenue growth and EPS of $3.40 in the quarter.
- InVue Dx placements were tracking toward approximately 6,000 units for 2025, supporting consumables and recurring revenue.
- Catalyst Cortisol and Cancer Dx expanded the product menu, with international Cancer Dx rollout planned for 2026.
- International Companion Animal Group diagnostics recurring revenue grew 14% year over year in the supplied analysis.
- Wellness-visit pressure, foreign exchange, inflation, and slower product adoption remain the principal offsets.
Management priorities
- Expand InVue Dx placements and associated consumables.
- Launch additional Cancer Dx biomarkers and mast cell tumor detection in 2026.
- Expand the commercial footprint in three new international countries.
- Continue investment in R&D, including AI and multi-quarter diagnostic platforms, and in cloud software.
- Maintain share repurchases while targeting 95% to 100% free-cash-flow conversion of net income.
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Analyst 52W Price Targets
$518.39Current
$247Low
$637.65Average
$830High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 3, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | Aug 11, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 5, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Aug 5, 2026 |
| Stifel | Buy | Buy | Maintain | Mar 31, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Feb 9, 2026 |
| BTIG | Buy | Buy | Maintain | Feb 3, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Nov 4, 2025 |
| JP Morgan | Overweight | Overweight | Maintain | Nov 4, 2025 |
| Leerink Partners | Outperform | Outperform | Maintain | Jul 17, 2025 |
| B of A Securities | Neutral | Neutral | Maintain | Apr 21, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Jan 17, 2024 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Aug 2, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 13, 2021 |
| Guggenheim | Neutral | Buy | Downgrade | Jul 12, 2021 |
| Stifel Nicolaus | Buy | Buy | Maintain | Jul 22, 2019 |
| Canaccord Genuity | Buy | Buy | Maintain | May 2, 2019 |
| Bank of America | Buy | Buy | Maintain | Nov 2, 2018 |
| PiperJaffray | Overweight | Overweight | Maintain | Jan 16, 2018 |
| Aegis Capital | Sell | Sell | Maintain | Jun 1, 2017 |
| CL King | Neutral | Neutral | Maintain | Apr 1, 2016 |
| Raymond James | Market Perform | Outperform | Downgrade | Aug 28, 2015 |
| Feltl & Co. | Hold | Sell | Upgrade | Jul 23, 2015 |
| Bank oferica | Buy | Buy | Maintain | Apr 20, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $518.39. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Glen Santangelo | $710 | $595.76 | +37.0% | Aug 11, 2026 |
| UBS | Analyst unavailable | $620 | $559.86 | +19.6% | Jul 27, 2026 |
| UBS | Andrea Alfonso | $640 | $569.17 | +23.5% | Apr 28, 2026 |
| Piper Sandler | Analyst unavailable | $750 | $644.61 | +44.7% | Feb 9, 2026 |
| Barclays | Glen Santangelo | $800 | $642.94 | +54.3% | Feb 5, 2026 |
| UBS | Andrea Alfonso | $730 | $639.6 | +40.8% | Feb 3, 2026 |
| BTIG | Analyst unavailable | $800 | $639.6 | +54.3% | Feb 3, 2026 |
| Barclays | Glen Santangelo | $850 | $706.65 | +64.0% | Dec 8, 2025 |
| Morgan Stanley | Analyst unavailable | $805 | $721.04 | +55.3% | Nov 4, 2025 |
| UBS | Analyst unavailable | $750 | $722.94 | +44.7% | Nov 4, 2025 |
| BTIG | Analyst unavailable | $830 | $722.94 | +60.1% | Nov 4, 2025 |
| Jefferies | Keith Devas | $830 | $722.94 | +60.1% | Nov 4, 2025 |
| Leerink Partners | Analyst unavailable | $785 | $722.94 | +51.4% | Nov 3, 2025 |
| Stifel Nicolaus | Jonathan Block | $775 | $722.94 | +49.5% | Nov 3, 2025 |
| Stifel Nicolaus | Jonathan Block | $700 | $628.54 | +35.0% | Oct 31, 2025 |
| UBS | Andrea Alfonso | $720 | $638.89 | +38.9% | Oct 1, 2025 |
| Morgan Stanley | Analyst unavailable | $722 | $641.94 | +39.3% | Aug 5, 2025 |
| BTIG | Analyst unavailable | $785 | $641.94 | +51.4% | Aug 5, 2025 |
| Stifel Nicolaus | Analyst unavailable | $640 | $682.78 | +23.5% | Aug 4, 2025 |
| Stifel Nicolaus | Jonathan Block | $510 | $495.73 | -1.6% | Jun 24, 2024 |
| Barclays | Analyst unavailable | $590 | $507.68 | +13.8% | Feb 8, 2023 |
| J.P. Morgan | Analyst unavailable | $550 | $487.04 | +6.1% | Feb 7, 2023 |
| Atlantic Equities | Analyst unavailable | $600 | $485.53 | +15.7% | Feb 7, 2023 |
| Oppenheimer | Analyst unavailable | $247 | $483.2 | -52.4% | Feb 2, 2023 |
| Citigroup | Analyst unavailable | $268 | $483.2 | -48.3% | Feb 2, 2023 |
| Citigroup | Analyst unavailable | $273 | $420.63 | -47.3% | Dec 9, 2022 |
| Morgan Stanley | Analyst unavailable | $543 | $435.78 | +4.7% | Nov 15, 2022 |
| Stifel Nicolaus | Analyst unavailable | $500 | $355.62 | -3.5% | Jun 24, 2022 |
| Goldman Sachs | Analyst unavailable | $530 | $357.33 | +2.2% | May 19, 2022 |
| Barclays | Balaji Prasad | $700 | $364.5 | +35.0% | May 6, 2022 |
Track every rating change on IDXX the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationIDEXX Laboratories, Inc. is a global enterprise focused on creating, producing, and distributing a wide array of products and services. Its primary client base includes companion animal veterinary practices, the livestock and poultry industries, dairy operations, and water quality testing sectors. The company organizes its operations across several key divisions: the Companion Animal Group (CAG), Water Quality Products, Livestock, Poultry, and Dairy (LPD), and additional segments. For companion animals, IDEXX offers a comprehensive suite of point-of-care veterinary diagnostic tools, such as instruments, consumables, and rapid assay kits. It also provides reference laboratory diagnostic and consultation services, alongside practice management and diagnostic imaging solutions for veterinarians. Furthermore, the company supports the biomedical research community with health monitoring, biological materials testing, and laboratory animal diagnostic instruments and services.…
Historical context
All IDXX earningsHealthcare peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| COO The Cooper Companies, Inc. | FY2026 Q3 · Calendar Q3 2026 | +2.7% | -14.7% | CooperCompanies beats expectations as inventory reduction weighs on vision revenue |
| MDT Medtronic plc | FY2027 Q1 · Calendar Q3 2026 | +4.3% | +1.5% | Medtronic raises FY27 outlook as growth broadens across platforms |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the IDXX recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-03T05:36:07.891664+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-03T05:36:07.888834+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-03. For educational purposes only; not investment advice.