Bio-Techne Corporation (NASDAQ: TECH) has released its financial results for the second quarter ending December 31, 2025. The company reported second quarter revenue of $295.9 million, with reported and organic growth remaining flat compared to the prior year. However, foreign currency exchange had a favorable impact of 2%, while non-recurring prior year revenue from a business held-for-sale had an unfavorable impact of 2%.
In terms of earnings per share (EPS), the company reported a GAAP EPS of $0.24 versus $0.22 one year ago. Additionally, Bio-Techne delivered adjusted EPS of $0.46 compared to $0.42 one year ago. The ongoing productivity and cost containment initiatives led to a 31.1% adjusted operating margin, representing an increase of 100 basis points compared to the prior year period.
The company's management highlighted that strong commercial execution and improving end-markets drove growth in the China/APAC region for the third consecutive quarter. The protein sciences segment's net sales were $215.1 million, reflecting an increase of 2% from the second quarter of fiscal 2025, while the diagnostics and spatial biology segment's net sales were $81.2 million, representing a decrease of 4% from the second quarter of fiscal 2025.
Bio-Techne's GAAP operating income for the second quarter of fiscal 2026 increased 15% to $54.5 million compared to $47.4 million in the second quarter of fiscal 2025. The GAAP operating margin was 18.4% compared to 16.0% in the second quarter of fiscal 2025.
In terms of non-GAAP results, the adjusted EPS increased to $0.46 per diluted share compared to $0.42 in the same quarter last year. The adjusted operating income increased to $92.0 million in the second quarter of fiscal 2026 compared to $88.7 million in the second quarter of fiscal 2025. The adjusted operating margin was 31.1% for the second quarter of fiscal 2026, compared to 30.1% in the second quarter of fiscal 2025.
Following these announcements, the company's shares moved -1.84%, and are now trading at a price of $68.67. For the full picture, make sure to review BIO-TECHNE Corp's 8-K report.
