Labcorp Holdings Inc. (LH)

Labcorp Holdings beat expectations on both the top and bottom line in the second fiscal quarter of 2026, reported July 30, based on preliminary results. Revenue rose about 6% to about $3.7 billion from $3.53 billion a year ago, with the U.S., the largest segment, contributing about $2.9 billion and growing about 4%; revenue of about $3.7 billion also edged the $3.71 billion consensus by about 1%. Adjusted EPS was $4.99, topping the $4.78 estimate by about 4% and up about 15% from $4.35 a year ago, while net income increased about 26% to about $299 million from $237.9 million. Gross margin held near 32% and operating margin near 12% as gross profit came in at about $1.2 billion and operating income at about $445 million. Operating cash flow was about $445.5 million, the company repurchased about $353.8 million of stock, and it paid about $58.7 million in dividends. For the next period, consensus calls for EPS of $4.59 on revenue of $3.75 billion.