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Abbott Beats Q2, Raises EPS After $21B Exact Deal

7/17/2026

47 10 Full Breakdown

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Story summary
  • Abbott Laboratories reported Q2 2026 revenue of $12.593 billion, beat estimates, and raised its full-year adjusted EPS outlook to $5.45-$5.60.
  • The March 23 2026 acquisition of Exact Sciences for $21 billion added $919 million in cancer-diagnostics revenue and spurred mid-teens growth for Cologuard.
  • Net income dropped 48% to $928 million after $658 million in intangible amortization, while Abbott returned $1 billion to shareholders and declared a $0.63 per share dividend.