Fiscal year ends DecLast earnings: Apr 23, 2026Est. next earnings: Jul 23, 2026
Latest Score
9.0/ 10
+2.0vs prior
4-Period Change
+3.0
vs Q1 '25
Challenge RatePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
5%
All quarters
9.0out of 10Positive
Sentiment · FY2026 Q1
Q4 '24Q1 '26
Top Analysts & Firms
Most Active Analysts
Analyst
Firm
Questions
ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Base8Base 8GAAP revenue YoY +21.0% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean, no distortion.+EPS+1EPS +1EPS YoY 56.10% vs revenue YoY 21.01%, spread +35.09 percentage points → outside +5 percentage points. operating income YoY 37.93%, operating income spread +16.92 percentage points → outside +5 percentage points, same direction, confirms.+Guidance+2Guidance +2FY2026 EPS guidance raised from $7.85-$8.20 (mid $8.025) to $8.40-$8.75 (mid $8.575). Change: (8.575 - 8.025) / 8.025 = +6.85% → raise ≥3%.=Final9Hard cap9Hard cap 9Calculated total was 11; capped at 9. See the Hard caps section on the About page for the full rules.
How this score was built
Base8Base 8GAAP revenue YoY +21.0% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean, no distortion.+
Macro Signals
↑Supply Chain→Trade & Tariffs→FX
West delivered an exceptional Q1 with revenues of $845M up 21% reported and 15% organically, as HVP components grew 23% organically and adjusted EPS surged 47% to $2.13. Management raised FY2026 guidance significantly to EPS $8.40-$8.75 representing 15-20% growth, with organic revenue growth now expected at 7-9%. Non-GLP-1 HVP components accelerated to high teens growth, GLP-1 maintained at 10% of revenue with oral expansion thesis intact, and Annex-1 projects grew 66% year-over-year with expansion beyond Europe.
Key Themes7
positive📊 company
Exceptional Q1 With 15% Organic Revenue Growth
Revenues of $845M up 21% reported and 15% organic. HVP components grew 23% organically. Adjusted operating margins expanded 350 basis points to 21.4%. Adjusted EPS up 47%.
Revenue GrowthMargin
positive📊 company
Non-GLP-1 HVP Components Accelerating To High Teens Growth
Non-GLP-1 HVP components grew in the high teens, contributing over two-thirds of HVP outperformance. Biologics organic growth of 26% driven by NovaPure and biosimilar launches. Expected to grow low double digits for full year.
Hard cap9Hard cap 9Calculated total was 11; capped at 9. See the Hard caps section on the About page for the full rules.
GLP-1 Maintained At 10% Of Revenue With Oral Expansion Thesis Intact
GLP-1 HVP components at 10% of total sales, consistent with prior quarter. Trend playing out as expected with orals expanding the market. Mid-to-high teens GLP-1 growth expected for full year 2026.
DemandCompetitive Dynamics
positive📊 company
Guidance Raised To 7-9% Organic Growth With 15-20% EPS Growth
FY2026 organic revenue growth raised from 5% to 7% to 7% to 9%, back to long-term construct. Adjusted EPS increased to the range of $8.40 to $8.75, up 15% to 20% year-on-year.
Guidance ReliabilityRevenue Growth
positive🏢 sector
Annex-1 Projects Up 66% YOY With Expansion Beyond Europe
Annex-1 related projects up 66% year-over-year with 200 basis points growth contribution expected for 2026. Conversations expanding beyond Europe to U.S. and Asia as regulators increase contamination focus.
Regulation PolicyRevenue Growth
mixed📊 company
CEO Eric Green Announces Retirement
Eric Green announced retirement plans with successor expected to be appointed in second half of 2026. Expressed confidence in executive team and business trajectory. Five of ten executive leaders are new in last twelve months.
Competitive DynamicsCapital Allocation
negative📊 company
CGM Contract Exit And Commodity Cost Headwinds
CGM contract exits end of Q2 2026 with $40M second-half headwind unchanged. Rising oil and commodity costs from Middle East crisis expected to have single-digit millions net impact after mitigation.