IQVIA Q2 FY2026: revenue up 8.7%, bookings up 19%, guidance raised
IQVIA beat on adjusted earnings, grew revenue 8.7% and raised full-year revenue guidance, so the operational quarter reads Bullish even as GAAP profit slipped. The trick is reading it in two layers: the adjusted numbers and bookings show acceleration, while the GAAP statement shows restructuring, purchase-accounting amortization and interest eating the reported bottom line.
1 · Expected vs. Actual
Free preview belowAdjusted diluted EPS of $3.15 beat the $3.06 consensus and rose 12.1% year over year, which is the number management wants you to anchor on. GAAP diluted EPS of $1.53 came in slightly below last year's $1.54, and GAAP net income fell to $256 million from $266 million. The gap between the two is mostly $136 million of purchase-accounting amortization, $95 million of stock-based compensation and $67 million of restructuring costs.
Revenue of $4.37 billion rose 8.7% from $4.02 billion a year earlier, and the two segments grew at nearly the same pace: R&D Solutions $2.58 billion, up 8.8%, and Commercial Solutions $1.79 billion, up 8.6%. Cost of revenue of $2.93 billion left a 32.9% gross margin, or $1.44 billion of gross profit. Steady growth, not explosive, but it arrived alongside a 19% jump in net new bookings.
Full-year 2026 revenue guidance moved up to a range of $17.28 billion to $17.48 billion, from a prior mid-point of $17.25 billion, and adjusted EPS guidance is now $12.80 to $13.00. The new revenue mid-point of $17.38 billion implies 6.5% growth versus 5.8% previously. It is a genuine raise but a small one, roughly $125 million at the mid-point.
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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
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