Abbott Brushes Off Procedure Volume Concerns, Lifts Outlook
Abbott Laboratories (NYSE: ABT ) stock rose Thursday after the healthcare company reported second-quarter 2026 results that beat Wall Street estimates on both earnings and revenue and raised its full-year adjusted earnings outlook. Adjusted earnings came in at $1.31 per share, topping the analyst consensus estimate of $1.28. Revenue increased 13% year over year to $12.59 billion, ahead of analysts’ expectations of $12.50 billion. On a comparable basis, sales rose 4.8%. Read Also: Abbott Stock's Best Day Ever: +13.6% On Earnings Beat, Guidance Raise Medical Devices Drive Growth Medical Devices remained Abbott’s largest growth engine, with sales rising 9% on a reported basis to $5.85 billion, or 8.4% on a comparable basis. Electrophysiology posted low-teens growth, while Rhythm Management, Diabetes Care and Heart Failure each delivered high-single-digit gains. Continuou...
Abbott Laboratories (NYSE: ABT ) stock rose Thursday after the healthcare company reported second-quarter 2026 results that beat Wall Street estimates on both earnings and revenue and raised its full-year adjusted earnings outlook. 28. 50 billion. 8%.
4% on a comparable basis. Electrophysiology posted low-teens growth, while Rhythm Management, Diabetes Care and Heart Failure each delivered high-single-digit gains. 5% on a comparable basis. 3% on a reported basis, reflecting the acquisition of Exact Sciences.
9%. 1% as lower volumes offset pricing actions and new product launches. “Our second-quarter results reflect the momentum we are building,” Chairman and CEO Robert B. Ford said.
58. 49 per share. 5% for the year. 42 per share.
Ford told investors on the conference call that Abbott does not expect any downside from a potential slowdown in procedure volumes, particularly in the United States. HCA Healthcare warned of softer surgical volumes and rising uninsured rates. Those trends have raised concerns that fewer Americans covered by Affordable Care Act plans, following the expiration of pandemic-era subsidies, could reduce demand for elective procedures. Ford dismissed those concerns, calling it a “flawed assumption” that lower ACA enrollment would materially affect the medical technology and diagnostics industry.
He said Abbott’s business is heavily exposed to chronic conditions such as diabetes, cardiovascular disease and cancer, where patients are “less likely to forego insurance”. 08 at the time of publication on Thursday, according to Pro data. Photo: Shutterstock Read Also: Hyundai Buys Out SoftBank Stake to Take Full Control of Boston Dynamics as Atlas Humanoid Robot Manufacturing Rollout Moves Closer