IQVIA Q3 FY2026: revenue up 8.0%, adjusted EPS beats, guidance raised
IQVIA beat on both lines and lifted full-year 2026 guidance, so the quarter reads clean: $4.43 billion of revenue, $3.34 of adjusted EPS against a $3.31 consensus, and bookings up 15%. The one blemish is a $2.1 billion backlog adjustment tied to inactive trials. Read the raise closely — 250 basis points of the revenue guide now comes from acquisitions, not the base business.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $2.10 versus $1.93 a year ago, and adjusted EPS came in at $3.34 against a $3.31 consensus — a beat of roughly $0.03, or about 0.9%. Adjusted net income was $557 million and adjusted EBITDA $1,032 million, up 8.7% year-over-year. The gap between GAAP and adjusted is mostly purchase-accounting amortization ($163 million) and stock-based compensation ($83 million).
Revenue was $4.43 billion, up 8.0% from $4.10 billion a year earlier and 8.6% at constant currency, so currency was a small drag rather than the story. Both segments grew: R&D Solutions brought in $2.64 billion (+8.7%) and Commercial Solutions $1.79 billion (+6.9%). The quarter also topped Q2's $4.37 billion, so the sequential trend is up rather than flattening.
Management raised full-year 2026 revenue to $17.35–$17.50 billion, a $17.43 billion midpoint that is only about $50 million above the prior $17.38 billion midpoint. Adjusted EPS guidance of $12.90–$13.00 and adjusted EBITDA of $4.03–$4.06 billion moved up as well. Note the mix: the revenue guide now assumes 250 basis points of contribution from acquisitions and about 20 basis points of FX tailwind.
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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 2026-11-03
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