Q2 2026 IQVIA Holdings Inc Earnings Call Transcript
Key Points
- IQVIA Holdings Inc (IQV) delivered outstanding second quarter results with revenue, adjusted EBITDA, and adjusted diluted earnings per share all exceeding the high end of guidance.
- Organic growth accelerated to 6% year-over-year, three times the rate from the previous year.
- R&D Solutions segment showed strong performance with nearly 9% revenue growth and a 19% increase in net new bookings year-over-year.
- Commercial Solutions segment experienced organic revenue growth of 5%, with analytics and consulting growing at the highest rate since 2022.
- AI-enabled capabilities are enhancing IQVIA's offerings, leading to improved study design, accelerated timelines, and reduced operational risk in clinical trials.
- The company faces potential risks and uncertainties associated with forward-looking statements, as discussed in their SEC filings.
- Foreign exchange impacts have been a headwind, reducing the tailwind effect in the revenue guidance.
- Pass-through growth, which comes with no profit, created an 80 basis point headwind to margins.
- The acquisition of Charles River assets, while expanding capabilities, has lower margins, impacting overall margin performance.
- Despite strong bookings, the long-cycle nature of the R&D business means that current bookings are more indicative of future performance rather than immediate revenue growth.
Good morning, everyone. Thank you for joining our second quarter 2026 earnings call. With me today are Ari Bousbib, Chairman and Chief Executive Officer; Mike Fedock, Executive Vice President and Chief Financial Officer; Eric Sherbet, Executive Vice President and General Counsel; Clarissa Willett, Senior Vice President, Financial Planning and Analysis; and Katie Ward, Vice President, Investor Relations.
Today, we will be referencing a presentation that will be visible during the call for those of you on our webcast. This presentation will also be available following this call in the Events & Presentations section of our IQVIA Investor Relations website at ir.iqvia.com.
Before we begin, I would like to caution listeners that certain information discussed by management during this conference call will include forward-looking statements. Actual results could differ materially from those stated or implied by forward-looking statements due to risk and uncertainties associated with the company's
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