Q2 2026 Alcon AG Earnings Call Transcript

Aug 11, 2026 / 12:00 PM GMT

Release Date Price: CHF61.81 (+5.66%)

Transcript

Key Points

Positve

Alcon Inc (ALC) delivered 7% sales growth in Q2 2026, driven by broad-based strength across both surgical and vision care franchises.
Unity VCS equipment sales surged 25% year-over-year, with strong demand and higher-than-expected average selling prices, indicating robust commercial traction.
Panoptix Pro IOL adoption exceeded expectations, with nearly all US Panoptix accounts converted and the platform representing ~90% of Panoptix implants, supporting share stabilization.
The pipeline is advancing with new product launches (e.g., Vivity Pro, True Plus, Unity-M microscope) and a collaboration with RxSight for next-generation adjustable lenses, positioning for future growth.
Core operating margin expanded 160 basis points year-over-year to 20.6%, and the company raised its full-year EPS growth outlook to 12%-15% in constant currency.

Negative

Alcon Inc (ALC) discontinued its Power Vision IOL program due to persistent, unpredictable shifts in post-operative distance vision, failing to meet performance standards.
Implantables growth remained subdued at 1% in Q2, with IOLs up only 2% amid increased competitive launches and a flat US cataract procedure volume.
US cataract procedure volumes were flat, and the company expects continued softness in the US market, which could pressure future growth.
The company faces ongoing challenges in surgical glaucoma, with lower sales and a difficult reimbursement environment impacting the Hydrus product.
Contact lens growth was partially offset by declines in legacy products, and international markets contributed less to growth due to pricing pressures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ALCC.S - Alcon AG
Q2 2026 Alcon AG Earnings Call
Aug 11, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings. Welcome to Alcon's second quarter 2026 earnings call. At this time, all participants are in listen-only mode. The question-and-answer session will follow the formal presentation.

If anyone today should require operator assistance during the conference, please press *0 from your telephone keypad.

Please note this conference is being recorded.

At this time, I'll turn the conference over to Dan Cravens, Vice President and Global Head Investor Relations.

Thank you. You may begin.

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Unidentified_2 [2]
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Welcome to Alcon's second quarter

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