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Sign InEmbecta reported disappointing fiscal Q2 2026 results, posting a net loss of $4.1 million as revenue declined 14.4%. In a drastic capital reallocation, the company slashed its quarterly dividend from $0.15 to $0.01 per share while launching a $100 million buyback program. Following the announcement, BTIG downgraded EMBC stock from 'Buy' to 'Neutral', triggering a massive 57.84% sell-off to a new 52-week low of $3.90. Trading volume surged to nearly 16 million shares as the company's market capitalization plummeted to $231 million. These aggressive measures and the subsequent market reaction highlight the severe challenges Embecta faces in stabilizing its balance sheet amid declining U.S. sales.