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QuidelOrtho (QDEL) Drops 20% After-Hours On Wednesday— What's Going On?

Benzinga·04/16/2026 06:41:30
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QuidelOrtho Corp‘s (NASDAQ:QDEL) stock is trending lower in after-hours trading on Wednesday, following the release of its preliminary first-quarter 2026 revenue figures.

Weak Flu Season, China Snags Weigh On Q1 Sales

The diagnostic healthcare products maker reported preliminary unaudited revenue in the range of $615 million to $620 million for the first quarter ended March 29.

The results reflect a weaker respiratory season, with U.S. Influenza-like Illness visits down about 30% compared to the prior-year period, along with slower China distributor sales and delays in certain EMEA orders, the company said.

The San Diego, California-based company also expects free cash flow to be negative in the first half of 2026, with first-quarter free cash flow projected in the range of $(65) million to $(70) million. Still, full-year 2026 free cash flow is expected to be positive.

QuidelOrtho’s first-quarter results will be released on May 5, 2026, after markets close.

Trading Metrics, Technical Analysis

QuidelOrtho has a market capitalization of $1.19 billion, with a 52-week high of $38.99 and a 52-week low of $13.70. Over the past 12 months, the stock has declined 30.79%.

Price Action: According to Benzinga Pro data, QDEL closed the regular session at $17.49, up 0.98%, before falling to $14.00 in after-hours trading, representing a 19.95% decline.

Currently, the stock is positioned near the lower end of its 52-week range.

Benzinga's Edge Stock Rankings show that QuidelOrtho is exhibiting a negative price trend across all time frames.

Disclaimer: This content was produced with the help of AI tools and was reviewed and published by Benzinga editors.

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