Abbott Laboratories · ABT · FY2026 Q1 · Calendar Q2 2026

Abbott: Devices and Diagnostics Offset Guidance Caution

The supplied analysis supports a mixed but constructive operating picture: device launches, Exact Sciences integration, Nutrition recovery and CGM opportunities provide growth support, while lowered guidance sentiment and execution questions temper the outlook.

Reported Before market openNYSEHealthcare $174.92B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.15 Consensus $1.14
EPS surprise +0.9% Reported versus consensus
Reported revenue $11.16B Consensus $11.00B
Revenue surprise +1.5% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -6.0% Event window
SPY move +0.2% Same window
Abnormal move -6.2% Stock minus SPY
Volume 2.1× Versus trailing sessions
Subsequent drift -11.1% Up to 20 sessions
ABTSPY benchmark

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Transcript intelligence

What changed

Exact Sciences integration became a current growth contributor, Medical Devices remained strong, Nutrition showed signs of volume recovery, and the supplied analysis characterized guidance sentiment as lowered.

Guidance delta

Guidance sentiment was lowered in the supplied Q1 2026 analysis; the specific revised guidance figures were not supplied.

Key takeaways

  • Q1 adjusted EPS was described as $1.15, with 3.7% comparable sales growth and results meeting guidance.
  • Exact Sciences was completed and is expected to add $3 billion of incremental 2026 sales, according to the supplied analysis.
  • Medical Devices grew 8.5%, led by Electrophysiology and new pulsed-field ablation catheter launches.
  • Nutrition volumes were described as recovering after pricing actions and new product introductions.
  • The supplied analysis points to CGM reimbursement changes and new products as potential longer-term growth drivers.

Management priorities

  • Integrate Exact Sciences and expand cancer diagnostics.
  • Broaden Volt and TactiFlex Duo catheter launches worldwide.
  • Roll out Libre 5 and the continuous ketone sensor.
  • Expand Cologuard internationally and into new age groups.
  • Support Nutrition volume recovery and continue product development.

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Earnings History

Estimate Beat Miss Match
ABT REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q1 '24 estimate $10B Q1 '24 actual $10B, beat Q2 '24 estimate $10B Q2 '24 actual $10B, match Q3 '24 estimate $11B Q3 '24 actual $11B, beat Q2 '25 estimate $11B Q2 '25 actual $11B, beat Q3 '25 estimate $11B Q3 '25 actual $11B, miss Q4 '25 estimate $12B Q4 '25 actual $11B, miss Q1 '26 estimate $11B Q1 '26 actual $11B, beat Q2 '26 estimate $13B Q2 '26 actual $13B, beat Q3 '26 estimate $13B Q4 '26 estimate $14B Q1 '27 estimate $13B Q2 '27 estimate $13B
Show 1 more >

Analyst Consensus ?

ConsensusBuy41 ratings
Bullish3278.0%
Neutral922.0%
Bearish00.0%

Analyst 52W Price Targets

$101.07Current
$92Low
$132.11Average
$165.65High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 25, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
TD Cowen Buy BuyMaintainSep 8, 2026
Citigroup Buy BuyMaintainAug 14, 2026
Wolfe Research Outperform Peer PerformUpgradeAug 13, 2026
UBS Buy BuyMaintainJul 28, 2026
Wells Fargo Overweight OverweightMaintainJul 17, 2026
Show 36 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $101.07. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Wolfe ResearchAnalyst unavailable$130$110.92 +28.6%Aug 13, 2026
UBSPatrick Wood$125$108.84 +23.7%Jul 28, 2026
Benchmark Co.Analyst unavailable$120$100.67 +18.7%Jul 20, 2026
Piper SandlerAnalyst unavailable$118$98.82 +16.8%Jul 17, 2026
BTIGAnalyst unavailable$134$98.82 +32.6%Jul 16, 2026
See 69 more

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Company context

Snapshot as of publication

Abbott Laboratories, along with its affiliated entities, is a global healthcare enterprise dedicated to the research, development, manufacturing, and worldwide distribution of a diverse portfolio of health solutions. The company operates through four primary divisions: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices. In the Established Pharmaceutical Products segment, Abbott provides generic medications designed to treat a wide array of conditions, including pancreatic exocrine insufficiency, irritable bowel syndrome or biliary spasm, intrahepatic cholestasis or depressive symptoms, gynecological disorders, hormone replacement therapy, dyslipidemia, hypertension, hypothyroidism, Ménière's disease and vestibular vertigo, pain, fever, inflammation, and migraine. This segment also supplies the anti-infective clarithromycin, influenza vaccines, and products aimed at regulating colon physiology. The Diagnostic Products division offers a comprehensive suite of diagnostic tools.…

Historical context

All ABT earnings

Healthcare peers this season

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COO The Cooper Companies, Inc. FY2026 Q3 · Calendar Q3 2026 +2.7% -14.7% CooperCompanies beats expectations as inventory reduction weighs on vision revenue
MDT Medtronic plc FY2027 Q1 · Calendar Q3 2026 +4.3% +1.5% Medtronic raises FY27 outlook as growth broadens across platforms

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-09-25T03:00:56.181596+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-25T03:00:56.178464+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-09-25. For educational purposes only; not investment advice.