Nordson Corporation stock research
FY2026 Q1
Nordson (NDSN) Gross Margin — Quarter Ended Jan 31, 2026
Revenue and gross profit decreased from the prior quarter, while cost of revenue also declined, leading to a weaker gross margin. Compared to the same period last year, revenue and gross profit increased, cost of revenue rose, and gross margin remained stable.
Gross margin takeaway
Quarter ended Jan 31, 2026 · FY2026 Q1
Revenue and gross profit decreased from the prior quarter, while cost of revenue also declined, leading to a weaker gross margin. Compared to the same period last year, revenue and gross profit increased, cost of revenue rose, and gross margin remained stable.
- The sequential decline in gross margin was driven by a proportionally larger decrease in gross profit relative to the decrease in revenue, as cost of revenue did not decline as much.
- Sequentially, revenue, gross profit, and cost of revenue all decreased, with gross margin weakening. Year over year, revenue and gross profit improved, cost of revenue increased, and gross margin was essentially stable.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
54.7%
Gross profit
$366.1M
Revenue
$669.5M
Cost of revenue
$303.3M
Quarter-over-quarter change
-1.6 pts
Year-over-year change
+0.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Apr 30, 2025 | $682.9M | $373.9M | $309.0M | 54.7% |
| Jul 31, 2025 | $741.5M | $406.5M | $335.0M | 54.8% |
| Oct 31, 2025 | $751.8M | $423.5M | $328.4M | 56.3% |
| Jan 31, 2026 | $669.5M | $366.1M | $303.3M | 54.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Oct 31, 2025
-1.6 pts
Year-over-year change
Jan 31, 2025
+0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential decline in gross margin was driven by a proportionally larger decrease in gross profit relative to the decrease in revenue, as cost of revenue did not decline as much.
Sequentially, revenue, gross profit, and cost of revenue all decreased, with gross margin weakening. Year over year, revenue and gross profit improved, cost of revenue increased, and gross margin was essentially stable.
Monitor the relationship between cost of revenue and revenue, as the current quarter showed a slower decline in costs compared to revenue.