Henry Schein Q2 FY2026: sales up 6.7%, FY guidance raised
Henry Schein's fiscal 2026 second quarter was a solid operating beat: sales rose 6.7% to $3.458 billion, gross margin held at 31.8%, and the company raised full-year guidance. The catch is that GAAP profit stayed thin at $94 million, just 2.7% of sales. Read this as improving operations, not as a high-margin business suddenly emerging.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $0.82, up 17.1% from $0.70, while non-GAAP EPS was $1.27 versus $1.10. The non-GAAP figure came in just above the $1.2616 consensus estimate, so this was roughly a one-cent beat rather than a blowout. The $0.45 GAAP-to-non-GAAP gap is explained by $51 million of adjustments, mostly $28 million of acquisition intangible amortization and $20 million of restructuring costs.
Revenue of $3.458 billion rose 6.7% from $3.240 billion a year earlier, split into 4.6% internal growth, 0.7% from acquisitions and 1.4% from currency. Global Distribution and Value-Added Services, the dominant segment at $2.911 billion, grew 6.6%, while Global Technology grew 8.2% off a much smaller $181 million base. The internal growth rate here was faster than the 3.6% internal rate reported for the first half overall, meaning the quarter accelerated.
Log in to read 5 analyses a week for free
Create a free account to read 5 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.