Feed / BRKR

Bruker Corporation

BRKR

Healthcare · 53.55 -1.6% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Bruker Corporation's current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 16 directly disclosed connections are confirming.

What changed
  • Revenue increased 5.2% versus the comparable filing period.
  • Operating income moved from a profit to a loss in the comparable period.
Company-1.6% todayVolume comparison unavailable
Market group0 of 1 activeScientific Instruments · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • BRKR's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if BRKR's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Medical Devices

The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 16 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 5.2% versus the comparable filing period.
Evidence that challenges
  • Operating income moved from a profit to a loss in the comparable period.
  • Operating cash flow remained negative at -6.2M.
  • Net margin fell 7.2 percentage points.
What would clarify the read
  • BRKR's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements94
Verified relationships12
Evidence supporting the case
  • Demand and volume has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Operating margin changed -5.5 percentage points in the latest annual period.
  • Net margin changed -3.6 percentage points in the latest annual period.
  • Restructuring and cost reductions has repeated adverse evidence across 5 filings.
Questions before a position
  • EV/sales is 69% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

53.55
6m+45.5%12m+71.7%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$2.4B+21.7%$1.81-1.1%
2022-12-31$2.5B+4.7%$1.99-2.3%
2023-12-31$3.0B+17.1%$2.90-1.5%
2024-12-31$3.4B+13.6%$0.76+1.6%
2025-12-31$3.4B+2.1%$-0.15+1.5%

What management says matters

Persistent and emerging business drivers

Demand and volumemixed · 5 filings
The non-GAAP organic revenue increase of 2.8% during the three months ended June 30, 2026, was driven primarily by stronger demand in the biotechnology and pharmaceutical, hospital and clinical, and semiconductor markets for our analytical instruments, and th…
10-Q · Aug 5, 2026
Foreign exchangemixed · 5 filings
The decrease in total operating income and operating income margin was primarily due to unfavorable revenue mix which negatively impacted gross margins, increased restructuring costs and impairment charges, and foreign exchange headwinds from a declining U.S.
10-Q · May 7, 2026
Restructuring and cost reductionsmixed · 5 filings
No intangible asset impairment charges were required as a result of the goodwill impairment triggering events identified for the BSB and CST reporting units, and there were no intangible asset impairment charges recorded during the second quarter of 2026.
10-Q · Aug 5, 2026
Tariffs and trade policymixed · 3 filings
Dollar, partially offset by cost savings initiatives, positive net U.S.
10-Q · Aug 5, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 2.4× · EV/sales 2.8×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

53.55-1.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for BRKR. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment

The latest filing shows material pressure

10-Q filed 2026-08-05 against the comparable filing from 2025-08-06.

cautious
OperationscautiousEvidence score -1
liquiditycautiousEvidence score -1
valuationdiscount

Capital and cash conversion

Reported investment and cash context

Capital spending YoY
+12.1%
Capital spending / revenue
+3.2%
Free-cash-flow margin
-3.6%
FCF margin change
+3.3 pts

Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.

What improved

  • Revenue increased 5.2% versus the comparable filing period.

What weakened

  • Operating income moved from a profit to a loss in the comparable period.
  • Operating cash flow remained negative at -6.2M.
  • Net margin fell 7.2 percentage points.

Filing receipts

The decrease in operating income and operating income margin in the three and six months ended June 30, 2026, when compared to the same period in 2025, was primarily due to the goodwill impairment charges in our BSI BioSpin and BSI NANO segments as discussed in Note 5, Goodwill and Intangible Assets, to our unaudited condensed consolidated financial statements in this Quarterly Report on Form 10-Q, and foreign exchange headwinds from a declining U.S.

The change in operating assets and liabilities, net of acquisitions, decreased primarily due to legal settlement payments as described in Note 20, Commitments and Contingencies , to our unaudited condensed consolidated financial statements in this Quarterly Report on Form 10-Q, and unfavorable changes in working capital, primarily related to lower collections of accounts receivable, partially offset by the timing of taxes payable.

The decrease as a percentage of revenue was primarily due to cost saving initiatives.

Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.

Business ecosystem

The relationships behind BRKR

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AAgilent Technologies, Inc.competitorFeb 27, 2026

BSI CALID’s competitors in the life science markets and chemical and applied markets include Danaher, Agilent, GE-Healthcare, Waters, Thermo Fisher Scientific, Shimadzu, Hitachi, and JEOL.

AMEAMETEK, Inc.competitorFeb 27, 2026

BSI NANO The BSI NANO Segment competes with companies that offer analytical X-ray solutions, OES systems, AFM and SOM systems, optical fluorescence systems, and genomics tools, primarily Rigaku, Oxford Instruments, Agilent, Thermo Fisher Scientific, Ametek’s…

Depended on by

TXG10x Genomics, Inc.partnerMay 8, 2026

In 2025, we entered into a settlement agreement and license agreements with Bruker under which we will receive four quarterly installment payments totaling $68.0 million beginning in the third quarter of 2025 with applicable interest.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 15 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

BRKR is currently a Leader in the organic co-movement group Scientific Instruments. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for BRKR; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.