IQVIA climbs after raising annual profit forecast

IQVIA Holdings

28/07/2026 14:44

Updates
** Shares of contract research firm IQVIA Holdings IQV.N rise 13.6% to $242 
** Company raises FY2026 adjusted profit forecast to $12.80 to $13.00/share from prior forecast of $12.65 to $12.95/share
** New forecast midpoint of $12.90/share, above analysts' estimate of $12.80/share - LSEG data
** Evercore ISI analyst Elizabeth Anderson says IQVIA's stronger-than-expected 1.22x book-to-bill ratio, which compares new orders with revenue recognized, points to improving demand for outsourced drug development services
** Company's Q2 revenue of $4.37 bln tops analysts' average expectation of $4.30 bln - LSEG data
** Reports Q2 adjusted profit of $3.15/share vs analysts' average estimate of $3.03/share - LSEG data
** Including session's move, stock up ~7% YTD

(Reporting by Sahil Pandey in Bengaluru)
((Sahil.Pandey@thomsonreuters.com))