Omnicell, Inc.

Hello, everyone. Thank you for joining us and welcome to the OmniCell third quarter 2026 financial results call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to David Unger, VP of Investor Relations. David, please go ahead.

Good morning, and welcome to the OmniCell Third Quarter 2026 Financial Results Conference Call. My name is David Unger, Vice President of Investor Relations. On the call with me today are Randall Lipps, Chairman, Chief Executive Officer and Founder, Nnamdi Njoku, President and Chief Operating Officer, and Baird Radford, Executive Vice President and Chief Financial Officer. Before we begin, I would like to remind you that today's call will include forward-looking statements within the meaning of federal securities laws, including statements regarding our financial outlook, business expectations, and strategic priorities. These forward-looking statements are based on current expectations and assumptions as of today and are subject to risks and uncertainties that could cause actual results to differ materially. For additional information concerning these risks and uncertainties, please refer to our earnings press release issued this morning, our annual report on Form 10-K filed with the SEC on February 26, 2026, and our subsequent SEC filings. We disclaim any obligation to update any forward-looking statements except as required by law. During this call, we will also discuss certain non-GAAP financial measures. Reconciliations of these measures to the most directly comparable GAAP measures are included in our third quarter 2026 earnings press release, available on the investor relations section of our website at ir.omnicell.com. Turning to today's agenda, Randall will begin with an overview of our third quarter performance and strategic priorities. Nnamdi will then provide an update on our operational execution and key initiatives, followed by Baird, who will review our financial results and updated outlook. We will then open the call for questions. With that, I will turn the call over to Randall. Randall?

Good morning, everyone, and thank you for joining us. In the third quarter of 2026, we delivered another quarter of strong execution. Total revenue was $308 million. and Non-GAAP EBITDA was 45 million, both above the high end of our previously shared guidance. These results reflect the execution oriented approach we've taken throughout the year and reinforce our confidence in the strategy we're pursuing in autonomous medication management. Medication management remains foundational to how health systems operate. We've seen that this is difficult for a hospital to achieve its clinical and operational objectives without getting medication management right. And that reality continues to underpin the long-term demand we see. Before sharing additional perspectives on our business, I want to touch on our sixth annual Illuminate event held on September 29th. Thank you for joining us today. We were encouraged by the engagement we saw from customers and prospects at the event. In the spirit of our automation journey, we are advancing Omnisphere as planned. Omnisphere, our cloud native platform, is connecting to a set of our solutions and we believe its value grows in combination with our broader automation offerings. Across the medication use journey, from inventory management and dispensing in acute care to specialty pharmacy and outpatient services. We believe this combination helps health systems improve inventory visibility, support safe and consistent processes, and reduce administrative burden. Turning to our automated dispensing cabinets, these products remain deeply embedded in acute care hospital settings across the United States. creating a foundation of operating necessity within these institutions and enhancing nursing access and efficiency. As these systems naturally reach the end of their useful life, we are staying ahead of the cycle to help health systems protect their clinical, operational, and financial performance. Stepping back to the broader environment, while health systems are not immune to the macro backdrop Thank you for joining us. We also see a growing number of health systems actively planning their path toward cloud deployment as part of how they're evaluating this refresh cycle. Because our solutions appear to be increasingly viewed as strategic enterprise-wide offerings, purchasing decisions continue to evolve broader cross-functional evaluation and long planning cycles. The pipeline continues to build across a variety of deal sizes, including those large in nature and has grown since our prior call. This robust pipeline momentum is in part aided by our expanding leasing programs, where leveraging our balance sheet helps support attractive lifetime value economics for both our customers and our business. Leasing has become a meaningful part of our go-to-market approach on competitive deals, and we continue to partner with our potential new customers to meet their financial objectives. We don't view leasing as the single factor that wins a competitive deal. It's one of several things that need to come together. But it removes an early barrier to the conversation and lets us compete on the things we believe matter most, reliability, service, and innovation. In summary, we delivered a strong third quarter with results exceeding the high end of our previously provided guidance range, and we remain competent in our ability to execute against the opportunity ahead, both in the near term and over the long run. Now with that, I'll turn it over to Nnamdi. Nnamdi?