Quarterly ResultJul 29, 2026, 04:28 PM
ICON Q2 Revenue $2.06B, Adj. EPS $2.56; Reaffirms FY26 Guidance
AI Summary
ICON plc reported second-quarter 2026 results with revenue of $2,063.5 million, a 1.2% increase year-over-year, and adjusted diluted earnings per share of $2.56. The company achieved strong net business wins of $3,120 million, resulting in a book-to-bill ratio of 1.51, and increased its closing backlog to $23.4 billion. Despite a significant decrease in GAAP net income year-over-year, ICON reaffirmed its full-year 2026 financial guidance for both revenue and adjusted diluted EPS, citing disciplined cost management and a solid commercial strategy.
Key Highlights
- Q2 2026 revenue was $2,063.5 million, a 1.2% increase YoY.
- Q2 2026 adjusted diluted EPS was $2.56, compared to $3.52 in Q2 2025.
- Net business wins in Q2 2026 totaled $3,120 million, with a book-to-bill of 1.51.
- Closing backlog at June 30, 2026, was $23.4 billion, up 3.0% from Q1 2026.
- GAAP net income for Q2 2026 was $72.6 million, or $0.94 diluted EPS.
- Reaffirmed 2026 full-year revenue guidance of $7,850 - $8,150 million.
- Reaffirmed 2026 full-year adjusted diluted EPS guidance of $10.00 - $11.00.
- Disposed of Symphony Health Solutions Corporation on May 8, 2026, recognizing a $32.9 million pre-tax loss.
Price Impact
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