“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 ↗
Bruker Corporation
BRKR
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.
- Revenue increased 5.2% versus the comparable filing period.
- Operating income moved from a profit to a loss in the comparable period.
- 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.
Research brief
The story so far
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.
- Revenue increased 5.2% versus the comparable filing period.
- 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.
- BRKR's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Demand and volume has repeated favorable evidence across 5 filings.
- 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.
- EV/sales is 69% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
53.55Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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 ↗
“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 ↗
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.
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.