AI Earnings Predictions for DENTSPLY SIRONA Inc. (XRAY)

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Dentsply Sirona Reports Third Quarter 2026 Results

News Summary

•Q3 2026 net sales of $836 million

•Q3 2026 GAAP gross margin of 52.9%, GAAP diluted loss per share of ($0.01)

•Q3 2026 adjusted gross margin of 54.5%, adjusted EBITDA margin of 17.3%, adjusted EPS of $0.29

•Achieved record quarterly sales for Wellspect Healthcare, with 10.1% as-reported growth; completed the U.S. SurityTM portfolio with the launch of the SurityTM Urinary Management System

•Updated FY2026 outlook to approximately $3.5 billion in net sales and adjusted EPS of $1.20 to $1.30

Charlotte, N.C., November 5, 2026 - DENTSPLY SIRONA Inc. ("Dentsply Sirona" or the "Company") (Nasdaq: XRAY) today announced its financial results for the third quarter of 2026.

"We continued to make progress on our Return-to-Growth Action Plan in the third quarter despite challenging industry-wide conditions," said Dan Scavilla, President and Chief Executive Officer of Dentsply Sirona. "We are seeing encouraging signs of progress, including record quarterly sales for Wellspect Healthcare, progress in priority areas of implants and endodontics, and broader customer access through our expanded U.S. dealer network. Building on the investments we began in the first half, our focus is now on execution, putting our sales force, clinical education and innovation capabilities to work to drive consistent performance and sustainable growth."

Q3 2026 Summary Results (Reported)

Gross profit and adjusted EBITDA include a $39 million benefit from the refinement of our estimate to eliminate unrealized profit in inventory. The adjustment reduces the reported net loss and increases adjusted net income by approximately $30 million. This amount represents the cumulative impact of the revised estimate and equivalent impacts are not expected in future.

(in millions, except per share amount and percentages)Q3 26Q3 25YoY

Net Sales$836$904(7.6%)

Gross Profit$443$4410.3%

Gross Margin52.9%48.8%

Net Loss Attributable to Dentsply Sirona($2)($427)NM

Diluted Loss Per Share1

($0.01)($2.14)NM

Q3 2026 Summary Results (Non-GAAP)

(in millions, except per share amount and percentages)Q3 26Q3 25YoY

Constant Currency Sales(7.0%)

Adjusted EBITDA$146$167(13.3%)

Adjusted EBITDA Margin17.3%18.4%

Adjusted EPS$0.29$0.42(29.4%)

NM - not meaningful

Percentages are based on actual values and may not reconcile due to rounding.

[1] Weighted-average shares outstanding used to calculate diluted loss per share for the third quarter of 2026 excludes potential dilutive common shares.

Q3 2026 Results by Region and Segment (Reported and Non-GAAP)

(in millions, except percentages)

Percentage Change

Net Sales by SegmentThree Months Ended September 30, 2026 vs. 2025

AmericasEMEAAPAC

20262025 As Reported1

Constant Currency1 As ReportedConstant CurrencyAs ReportedConstant CurrencyAs ReportedConstant Currency

Connected Technology Solutions$230 $259 (11.0)%(10.1)%(21.6)%(21.9)%(5.5)%(4.2)%(4.7)%(2.5)%

Essential Dental Solutions343 357 (4.0)%(3.6)%(0.6)%(0.8)%(7.7)%(6.5)%(4.4)%(4.2)%

Orthodontic and Implant Solutions171 205 (16.6)%(16.2)%(22.9)%(23.1)%(13.5)%(12.3)%(7.3)%(7.2)%

Wellspect Healthcare92 83 10.1%11.0%77.3%78.6%1.2%2.0%(1.0)%4.1%

Total$836 $904 (7.6)%(7.0)%(9.4)%(9.6)%(6.7)%(5.6)%(5.2)%(4.3)%

(1) Constant currency sales are a Non-GAAP measure in which the reported net sales are adjusted for the impact of foreign currency changes, which is calculated by translating current period net sales using the comparable prior period's foreign currency exchange rates. The foreign currency impact is the only reconciling item between as reported and constant currency sales.

Cash Flow and Liquidity

Operating cash flow in the third quarter of 2026 was $32 million, compared to $79 million in the third quarter of 2025, primarily driven by unfavorable working capital. Free cash flow, a Non-GAAP measure, in the third quarter of 2026 was $0 million compared to $40 million in the third quarter of 2025. In the third quarter of 2026, the Company repurchased 1.2 million shares of its common stock for a total of approximately $13 million, resulting in a total of $25 million returned to stockholders through share repurchases in the first nine months of 2026. The Company had $195 million of cash and cash equivalents as of September 30, 2026.

2026 Outlook

The Company is updating its 2026 outlook to approximately $3.5 billion in net sales and adjusted EPS of $1.20 to $1.30, excluding the $0.17 one-time benefit from tariff refunds.

Without unreasonable effort, we are unable to present a quantitative reconciliation of our expected earnings per diluted share to expected adjusted earnings per diluted share as we are unable to predict with reasonable certainty, items which may include, but are not limited to, restructuring charges, transformation-related costs, impairment charges, certain tax adjustments, and other significant items. The financia

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