ICON PLC (ICLR) Form 6-K — Oct 27, 2026
ICON plc reported Q3 2026 revenue of $2,024.8 million, down 2.9% year-over-year, with GAAP net income of $122.1 million ($1.58 diluted EPS) and adjusted diluted EPS of $2.66, down from $3.20 in Q3 2025. The commercial picture was strong: net business wins of $3,150 million produced a 1.56x book-to-bill, with closing backlog up 4.8% sequentially to $24.5 billion and gross bookings up 26.9% YoY. ICON repurchased $400 million of stock at an average $170 per share and the board raised the total buyback authorization to $750 million; an August $2.15 billion investment-grade bond issuance refinanced its term loan, 2027 notes, and bridge facility.
Key figures
- Eps
- 1.58
- Guidance
- FY2026 revenue $8,100-$8,200 million; adjusted diluted EPS $10.35-$10.65
- Net Income
- 122100000
- Total Debt
- 2600000000
- Revenue Yoy
- -2.9%
- Cash Position
- 809000000
- Backlog
- 24500000000
- Buyback q3
- 400000000
- Bond issuance
- 2150000000
- Free cash flow
- 302400000
- Adjusted ebitda
- 336900000
- Book to bill q3
- 1.56x
- Cancellations q3
- 639000000
- Buyback avg price
- 170
- Gross bookings q3
- 3789000000
- Adjusted diluted eps
- 2.66
- Net business wins q3
- 3150000000
- Adjusted ebitda margin
- 16.6%
- Effective tax rate adjusted
- 18.6%
- Total buyback authorization
- 750000000
AI analysis
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