ICON Reports Third Quarter 2026 Results
Business Wire•27/10/2026•16:43 ET
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Key Highlights
- ➤Net business wins $3,150 million; book-to-bill 1.56x; backlog $24.5 billion
- ➤Revenue $2,024.8 million, down 2.9% year over year
- ➤Adjusted diluted EPS $2.66, down from $3.20 year over year
- ➤ICON repurchased $400.0 million of stock and raised authorization to $750.0 million
- ➤2026 revenue guidance $8,100-$8,200 million; adjusted EPS guidance $10.35-$10.65
Expert Statements
Barry Balfe, Chief Executive Officer of ICON plc
“I am pleased with ICON’s third quarter results, which demonstrated continued financial, operational, and commercial execution. Adjusted EBITDA grew 3% sequentially, reflecting improved business mix and strong cost discipline, while sustained commercial excellence supported another quarter of exceptional bookings performance. I am particularly pleased that our AI-enabled digital platform continues to resonate with customers, many of whom choose ICON because of its impact on productivity, predictability and speed. We remained focused on disciplined capital allocation, returning $400 million to shareholders through share repurchases in the third quarter, while continuing to invest in the capabilities that are driving future growth. Our updated full-year financial guidance reflects sustained operational progress and higher pass-through activity. Together, strong commercial performance, disciplined execution and ongoing strategic investments reinforce our confidence in delivering revenue growth, significant earnings progression, and shareholder value creation in 2027 and beyond.”
* Strong commercial performance with net business wins in the quarter of $3,150 million; a net book-to-bill of 1.56x and closing backlog of $24.5 billion, up 4.8% sequentially.
* Revenue of $2,024.8 million and adjusted EBITDA of $336.9 million, representing an adjusted EBITDA margin of 16.6%.
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