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Earnings Score 42 Bearish

Cardinal Health Reports Q3 Revenue Growth Amidst GAAP Profit Decline

Apr 30, 2026 10:50 UTC
CAH
Short term

Cardinal Health saw a double-digit increase in quarterly revenue but experienced a drop in net income compared to the previous year. The company maintained its full-year earnings guidance despite the GAAP profit contraction.

  • Quarterly revenue rose 11% to $60.940 billion
  • GAAP net income decreased to $399 million
  • GAAP EPS dropped from $2.10 to $1.69
  • Adjusted EPS reached $3.17
  • Full-year EPS guidance maintained at $10.70 - $10.80

Cardinal Health Inc (CAH) has announced its third-quarter financial results, revealing a divergence between top-line expansion and bottom-line profitability. While the company successfully grew its sales volume, net income figures retreated compared to the same period last year. The healthcare services provider reported revenue of $60.940 billion for the quarter, representing an 11.0% increase over the $54.878 billion recorded in the prior year. This growth suggests sustained demand for the company's distribution and healthcare services. However, GAAP net income fell to $399 million, or $1.69 per share, down from $506 million, or $2.10 per share, in the previous year. When excluding specific items, the company reported adjusted earnings of $750 million, which equates to $3.17 per share for the period. Looking forward, Cardinal Health provided full-year earnings per share (EPS) guidance in the range of $10.70 to $10.80. The results indicate that while the company is scaling its operations, it is facing headwinds that have compressed its GAAP margins over the last twelve months.

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