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, but swung to net income of $122.1 million ($1.59 basic EPS) versus a $284.2 million net loss in Q3 2025, when goodwill and asset impairments related to the Data Solutions unit weighed heavily. Operating income rose to $198.8 million (9.8% of revenue) from a $222.9 million loss, though the year-ago figures were impairment-distorted.
Key figures
- Eps
- $1.59 basic / $1.58 diluted (Q3 2026); $3.90 basic / $3.87 diluted (nine months)
- Revenue
- 2024757000
- Net Income
- 122130000
- Total Debt
- 3400000000
- Debt Amount
- $2.15 billion August 2026 Issued Notes ($500.0M 5.064% due 2029, $1.0B 5.421% due 2031, $650.0M 5.995% due 2036)
- Revenue Yoy
- -2.9% (Q3 2026 vs Q3 2025); -0.3% for nine months
- Total Assets
- 16242332000
- Cash Position
- 808984000
- Employees
- approximately 40,250 in 98 locations in 55 countries
- Q3 buyback
- 2,359,703 shares for $400.0 million at average $169.51
- Unbilled revenue
- 1023170000
- Unearned revenue
- 1727355000
- Shares outstanding
- 74916724
- Effective tax rate q3
- 23.5%
- Q3 2026 operating income
- 198841000
- Loss on debt extinguishment
- 12233000
- Q3 2026 gross margin metric
- direct costs 75.7% of revenue vs 73.8% prior year
- Buyback authorization remaining
- $750.0 million as of October 27, 2026
- Operating cash flow nine months
- 793414000
- Unsatisfied performance obligations
- $16.4 billion (Dec 31, 2025: $14.9 billion)
AI analysis
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