Omnicell's second quarter revenue grew 7% to $312M and EPS more than doubled, beating expectations.

Omnicell reported second quarter 2026 revenue of $312.2 million, an increase of 7% year-over-year, and non-GAAP EPS of $0.94, more than doubling from $0.45 in the prior-year period. Both revenue and earnings per share surpassed analyst expectations.

Key Highlights

• The company's profitability was significantly boosted by a one-time $15 million refund for previously paid tariffs, which primarily reduced the cost of product revenues and increased net income.
• Non-GAAP EBITDA increased 76% year-over-year to $67 million, reflecting both the tariff refund and disciplined cost management.
• While raising full-year 2026 guidance for non-GAAP EBITDA and EPS, Omnicell lowered its guidance for product bookings and annual recurring revenue, citing that certain growth opportunities are expected to take longer to develop.