ICON swings to Q3 net income of $122.13 million from year-earlier loss as revenue falls to $2.02 billion
ICLR•ICON reported third-quarter net income of $122.13 million, compared with a year-earlier loss, as revenue fell to $2.02 billion. Adjusted diluted EPS declined 17% to $2.66, and the company raised its full-year 2026 guidance to $8.1 billion–$8.2 billion in revenue and $10.35–$10.65 in adjusted diluted EPS.
1. Quarterly results and outlook
Third-quarter gross bookings rose 27% year over year to $3.79 billion, with net business wins of $3.15 billion. ICON repurchased $400 million of shares during the quarter and increased its buyback authorization to $750 million. Updated full-year 2026 guidance projects revenue of $8.1 billion–$8.2 billion and adjusted diluted EPS of $10.35–$10.65.
