IQV · IQVIA Q2 FY2026 earnings call record财报电话会记录

“Second quarter adjusted diluted EPS of $3.15 also exceeded the high end of our guidance range and increased 12.1% year-over-year.”

“With $11.3 billion of last 12-month net new bookings as of June 30th, they are up 13% year-over-year.”

“Second quarter adjusted net income was $527 million, and adjusted diluted earnings per share was $3.15, representing growth of 12.1% year-over-year.”

“The R&D Solutions net new bookings in the quarter were $3.15 billion, a 19.3% increase year-over-year, resulting in a 1.22 book-to-bill, which, as Ari mentioned, is all the more impressive given revenue grew 9%.”

“In the quarter, the last 12 months net new bookings were $11.25 billion, an increase of 12.9% year-over-year.”

“Second quarter cash flow from operations was $558 million, and capital expenditures were $198 million, resulting in free cash flow of $360 million, representing growth of 23% year-over-year.”

“This new guidance includes approximately 100 basis points higher organic revenue growth and approximately 50 basis point higher contribution from M&A, offset by a foreign exchange impact that is 80 basis points less of a tailwind than in the former guidance.”

“We are also raising our adjusted EBITDA to be between $4 billion and $4.05 billion, growing 5.6%-6.9% year-over-year, reconfirming flat margins year-over-year at approximately 23.2%.”

“For the third quarter, we expect revenue to be between $4.315 billion and $4.390 billion, which represents year-over-year growth 5.2%-7.1%.”

“Yeah, and Dave, normally, the acquisition impact is usually about 2/3 Commercial, 1/3 R&DS.”

“Mike, I think you said 80 basis points of non-operational headwind EBITDA margins in the second quarter.”

“Less of an FX impact eliminates the headwinds to margins that we had when we started the year.”