Hologic saw revenues decline in the company's third quarter due to supply chain shortages of semiconductor chips for its breast imaging systems, as well as a decline in diagnostic assays for COVID-19.
For the quarter (end-June 25), Hologic reported revenues of $1.003 billion, down 14.2% compared with sales of $1.168 billion in the second quarter of fiscal 2021. The company's net income for the quarter was $228.4 million, compared with a net income of $268.4 million in the corresponding quarter of 2021.
Sales in the company's Breast Health business were $282.8 million, down 19% compared with revenues of $349 million in the second quarter of fiscal 2021. Although semiconductor chip shortages affected revenues, the company said that demand for mammography gantries "remains strong."
In its Diagnostics business, total revenues fell 15.8%, to $560.1 million, compared with $665.5 million in the corresponding quarter of 2021. Much of the decline was due to lower sales for COVID-19 tests, however; outside of COVID, Diagnostics revenues would have grown 12.4% before currency adjustment.
![A normal mammogram confirmed by three-year radiologic follow-up illustrates reader-marked regions of interest (ROIs) during (A) unaided (round 1) and (B) artificial intelligence (AI)–assisted (round 2) reading. Each colored dot represents an ROI for recall by a human reader. Readers could mark more than one ROI per case, represented by multiple dots of the same color. During AI-assisted reading, the AI system displayed three visible prompts: two with suspicion of malignancy scores of 35% (left mediolateral oblique [L MLO] and craniocaudal [L CC]) and one with a suspicion of malignancy score of 10% (right craniocaudal [R CC]), shown as polygonal overlays. Without AI, six of 10 readers (60%) marked a false-positive ROI. With AI assistance, this fell to two of 10 (20%). R MLO = right mediolateral oblique.](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/07/2026-07-14-radiology-mammogram-ai-auto-bias.H0bYO8QlWs.jpg?auto=format%2Ccompress&fit=crop&h=100&q=70&w=100)
![A normal mammogram confirmed by three-year radiologic follow-up illustrates reader-marked regions of interest (ROIs) during (A) unaided (round 1) and (B) artificial intelligence (AI)–assisted (round 2) reading. Each colored dot represents an ROI for recall by a human reader. Readers could mark more than one ROI per case, represented by multiple dots of the same color. During AI-assisted reading, the AI system displayed three visible prompts: two with suspicion of malignancy scores of 35% (left mediolateral oblique [L MLO] and craniocaudal [L CC]) and one with a suspicion of malignancy score of 10% (right craniocaudal [R CC]), shown as polygonal overlays. Without AI, six of 10 readers (60%) marked a false-positive ROI. With AI assistance, this fell to two of 10 (20%). R MLO = right mediolateral oblique.](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/07/2026-07-14-radiology-mammogram-ai-auto-bias.H0bYO8QlWs.jpg?auto=format%2Ccompress&dpr=2&fit=crop&h=167&q=70&w=250)
