QUEST DIAGNOSTICS $DGX Q3โ26 EARNINGS HIGHLIGHTS
๐น Revenue: $3.10B (Est. $3.05B) ๐ข; +10.0% YoY
๐น Adj. EPS: $3.00 (Est. $2.86) ๐ข; +15.4% YoY
๐น GAAP EPS: $2.78; +28.7% YoY
Raises FY26 Guide:
๐น Revenue: $12.07B-$12.11B (Est. $12B) ๐ข
๐น Adj. EPS: $11.25-$11.35 (Est. $11.19) ๐ข
๐น GAAP EPS: $10.21-$10.31
๐น Operating Cash Flow: ~$1.90B
๐น Capex: ~$550M
Cash Flow:
๐น Operating Cash Flow: $611M; +8.8% YoY
๐น Capex: $166M; +15.0% YoY
Other Q3 Metrics:
๐น Adj. Oper Income: $517M (Est. $487M) ๐ข
๐น Adj. Oper Margin: 16.7%
๐น Requisition Volume: +14.5% YoY
๐น Organic Requisition Volume: +14.4% YoY
๐น Revenue per Requisition: -4.2% YoY
Announcements:
๐น Quest laboratory test panels with over 50 biomarkers will be available through Apple Health later this year
๐น Definitive agreement to acquire select outreach lab assets from a leading health system in the Northeastern U.S.
๐น Launched a new AD-Detect test panel with pTau217, amyloid beta and APOE
๐น Advanced Project Nova to the solutions-build phase; first lab deployment expected in fall 2027
Comments:
๐ธ โWith these growth trends and our strong performance, we are raising our revenue and EPS guidance for the full year.โ