v3.26.3
SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
 9 Months Ended
Sep. 26, 2026
Segment Reporting [Abstract]  
Schedule of Revenue and Other Financial Information by Business Segment The following table presents the results of operations by reportable segment:
Three Months EndedNine Months Ended
September 26, 2026September 27, 2025September 26, 2026September 27, 2025
(in thousands)
DSA
Revenue$596,322 $600,685 $1,799,752 $1,811,323 
Cost of revenue (excluding amortization of intangible assets)406,987 408,112 1,254,487 1,250,162 
Selling, general and administrative7,337 56,266 114,976 181,829 
Amortization of intangible assets9,622 13,154 29,639 39,446 
Operating income$172,376 $123,153 $400,650 $339,886 
Manufacturing
Revenue$178,878 $190,693 $557,514 $570,014 
Cost of revenue (excluding amortization of intangible assets)79,303 109,944 275,885 326,967 
Selling, general and administrative33,594 32,556 99,197 99,004 
Amortization of intangible assets2,146 8,267 6,152 100,676 
Operating income$63,835 $39,926 $176,280 $43,367 
RMS
Revenue$207,532 $213,474 $625,374 $639,818 
Cost of revenue (excluding amortization of intangible assets)138,572 148,004 436,360 430,435 
Selling, general and administrative24,847 24,934 52,940 77,509 
Amortization of intangible assets2,873 5,983 8,784 17,930 
Operating income$41,240 $34,553 $127,290 $113,944 
Unallocated Corporate (1)
Selling, general and administrative$74,813 $63,833 $261,797 $188,595 
Operating loss$(74,813)$(63,833)$(261,797)$(188,595)
(1) Operating income for unallocated corporate consists of costs associated with departments such as senior executives, corporate accounting, legal, tax, human resources, treasury, and investor relations.
Three Months EndedNine Months Ended
September 26, 2026September 27, 2025September 26, 2026September 27, 2025
(in thousands)
Revenue
DSA$596,322 $600,685 $1,799,752 $1,811,323 
Manufacturing178,878 190,693 557,514 570,014 
RMS207,532 213,474 625,374 639,818 
Total revenue$982,732 $1,004,852 $2,982,640 $3,021,155 
Operating Income (Loss)
DSA$172,376 $123,153 $400,650 $339,886 
Manufacturing63,835 39,926 176,280 43,367 
RMS41,240 34,553 127,290 113,944 
Segment operating income277,451 197,632 704,220 497,197 
Unallocated Corporate(74,813)(63,833)(261,797)(188,595)
Operating income$202,638 $133,799 $442,423 $308,602 
Other income (expense):
Interest income958 1,422 3,023 3,923 
Interest expense(28,525)(25,403)(85,607)(83,254)
Other expense, net(4,414)(22,618)(165,954)(34,675)
Income before income taxes$170,657 $87,200 $193,885 $194,596 

Capital expenditures and depreciation and amortization (related to both intangible assets and certain assets acquired in business combinations) by reportable segment are as follows:
DSAManufacturingRMSUnallocated CorporateConsolidated
(in thousands)
Capital Expenditures
Three Months Ended:
September 26, 2026$30,048 $6,839 $9,411 $512 $46,810 
September 27, 202525,709 5,191 3,173 1,507 35,580 
Nine Months Ended:
September 26, 2026$87,990 $18,747 $25,968 $1,118 $133,823 
September 27, 202578,730 33,631 14,099 3,742 130,202 
Depreciation and amortization (1)
Three Months Ended:
September 26, 2026$45,281 $7,784 $16,145 $3,050 $72,260 
September 27, 202544,001 17,377 21,939 1,847 85,164 
Nine Months Ended:
September 26, 2026$126,828 $23,572 $48,018 $8,283 $206,701 
September 27, 2025128,660 127,343 63,410 5,622 325,035 
(1) Depreciation and amortization includes both inventory step up amortization expense and biological assets amortization expense.
Schedule of Revenue by Geographic Area
The following table disaggregates the Company’s revenue by reportable segment and timing of transfer of products or services:
Three Months EndedNine Months Ended
September 26, 2026September 27, 2025September 26, 2026September 27, 2025
(in thousands)
Timing of Revenue Recognition:
DSA
Services and products transferred over time$595,663 $600,080 $1,797,831 $1,809,465 
Services and products transferred at a point in time659 605 1,921 1,858 
Total DSA revenue596,322 600,685 1,799,752 1,811,323 
Manufacturing
Services and products transferred over time74,230 92,250 250,027 290,334 
Services and products transferred at a point in time104,648 98,443 307,487 279,680 
Total Manufacturing revenue178,878 190,693 557,514 570,014 
RMS
Services and products transferred over time94,866 96,080 283,439 290,832 
Services and products transferred at a point in time112,666 117,394 341,935 348,986 
Total RMS revenue207,532 213,474 625,374 639,818 
Total revenue$982,732 $1,004,852 $2,982,640 $3,021,155 
Revenue by geographic area is as follows:
U.S.EuropeCanadaAsia Pacific
Other (1)
Consolidated
(in thousands)
Three Months Ended:
September 26, 2026$541,657 $240,131 $120,586 $61,626 $18,732 $982,732 
September 27, 2025537,605 277,690 116,809 51,664 21,084 1,004,852 
Nine Months Ended:
September 26, 2026$1,625,327 $780,782 $357,661 $177,624 $41,246 $2,982,640 
September 27, 20251,624,420 822,799 377,747 148,109 48,080 3,021,155 
(1) The Other category represents operations located in Brazil, Israel, and Mauritius.
Schedule of Long-Lived Assets by Geographic Area Long-lived assets by geographic area are as follows:
U.S.EuropeCanadaAsia PacificOtherConsolidated
(in thousands)
Property, plant and equipment, net
September 26, 2026$833,220 $400,896 $157,438 $62,126 $43,655 $1,497,335 
December 27, 2025919,236 468,638 163,337 61,814 42,194 1,655,219