Analyst Consensus ?
ConsensusBuy44 ratings
Bullish3272.7%
Neutral1125.0%
Bearish12.3%
1 unmapped firm rating excluded from the percentages.
Cencora, Inc. · COR · FY2026 Q2 · Calendar Q2 2026
Cencora Q2 FY2026: EPS and Revenue Miss, Mixed Guidance as GLP-1 Growth Slows
Cencora delivered a mixed Q2 FY2026 report. Adjusted EPS grew 7.5% to $4.75 but fell short of the $4.82 consensus, while revenue of $78.4 billion missed estimates by 3.4%. Management raised full-year EPS guidance to $17.65-$17.90 and lifted operating-income growth guidance to 12-14%, reflecting stronger profitability in both U.S. and International Healthcare Solutions. However, revenue growth guidance was cut to 4-6% as GLP-1 volume growth slowed and a large mail-order customer accelerated low-margin brand conversions. The stock dropped roughly 18% on the report before partially recovering about 7% in subsequent weeks. The company resumed share repurchases with a $1 billion target and continues integrating OneOncology to drive specialty-pharma growth. The mixed signals -- bottom-line strength alongside a revenue miss and lowered top-line outlook -- create genuine uncertainty about the…
Reported Before market openNYSEHealthcare
$62.18B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$4.75
Consensus $4.82
EPS surprise
-1.5%
Reported versus consensus
Reported revenue
$78.36B
Consensus $81.09B
Revenue surprise
-3.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-17.4%
Event window
SPY move
+1.4%
Same window
Abnormal move
-18.8%
Stock minus SPY
Volume
5.7×
Versus trailing sessions
Subsequent drift
+7.0%
Up to 20 sessions
CORSPY benchmark
Ask FN2 about COR FY2026 Q2
Transcript, numbers and history already loaded
Why did COR fall 17.4% after missing EPS estimates in FY2026 Q2?What changed in COR's guidance and outlook in FY2026 Q2?Give me the bull and bear case for COR after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Adjusted EPS rose 7.5% to $4.75, missing the $4.82 consensus by 1.5%. Revenue grew 4% year-over-year to $78.4 billion, missing the $81.1 billion estimate by 3.4%. Operating income increased 6%. The company raised full-year EPS guidance to $17.65-$17.90 and increased operating-income growth guidance to 12-14%, but lowered revenue growth guidance to 4-6%, citing slower GLP-1 volume growth and faster brand conversions at a large mail-order customer. Cencora resumed opportunistic share repurchases with a $1 billion target for the calendar year. The stock fell approximately 18% on the report, with volume 5.7x the baseline, before drifting up roughly 7% in subsequent weeks. No prior-quarter transcript analysis was available for comparison.
Guidance delta
Full-year EPS guidance raised to $17.65-$17.90. Revenue growth guidance lowered to 4-6%. Operating-income growth guidance increased to 12-14%. Share repurchase program resumed with a $1 billion target for the calendar year.
Key takeaways
- Adjusted EPS grew 7.5% to $4.75, missing the $4.82 consensus estimate by 1.5%
- Revenue of $78.4 billion missed the $81.1 billion estimate by 3.4%, growing 4% year-over-year
- Full-year EPS guidance raised to $17.65-$17.90; operating-income growth guidance increased to 12-14%
- Revenue growth guidance lowered to 4-6% due to slower GLP-1 growth and accelerated brand conversions at a mail-order customer
- Share repurchase program resumed with a $1 billion target for the calendar year
- Stock dropped approximately 18% on the report before recovering about 7% in subsequent weeks
Management priorities
- Full integration of OneOncology with RCA and rollout of shared capabilities
- Continued rollout of AI-supported logistics tools across the enterprise
- Pursue strategic bolt-on acquisitions in the MSO space
- Maintain balanced capital deployment across capex, debt paydown, and share repurchases
- Expand Accelerate Pharmacy Solutions offerings to health-system partners
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Beat
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Analyst 52W Price Targets
$325.37Current
$142Low
$285.89Average
$440High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 28, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Baird | Outperform | Outperform | Maintain | Oct 22, 2026 |
| Argus Research | Buy | Buy | Maintain | Oct 20, 2026 |
| UBS | Buy | Buy | Maintain | Oct 16, 2026 |
| Leerink Partners | Outperform | Outperform | Maintain | Oct 7, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Sep 8, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Aug 11, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Aug 7, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 7, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 6, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Jun 24, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 10, 2026 |
| Citigroup | Buy | Buy | Maintain | May 7, 2026 |
| Jefferies | Buy | Hold | Upgrade | Jan 22, 2026 |
| TD Cowen | Buy | Buy | Maintain | Nov 10, 2025 |
| Mizuho | Outperform | Outperform | Maintain | Nov 6, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | May 26, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | May 2, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Oct 17, 2022 |
| CFRA | Hold | Hold | Maintain | May 3, 2022 |
| Raymond James | Market Perform | Outperform | Downgrade | Nov 16, 2021 |
| Guggenheim | Buy | Buy | Maintain | Mar 21, 2021 |
| Bank of America | Underperform | Neutral | Downgrade | Feb 11, 2020 |
| KeyBanc | Overweight | Downgrade | Jul 10, 2019 | |
| BMO Capital | Market Perform | Market Perform | Maintain | Oct 26, 2018 |
| Berenberg | Buy | Buy | Maintain | Sep 20, 2018 |
| Argus | Buy | Buy | Maintain | May 5, 2018 |
| Moffett Nathanson | Buy | Buy | Maintain | Apr 9, 2018 |
| Mitsubishi UFJ | Overweight | Overweight | Maintain | Jan 10, 2018 |
| Goldman Sachs | Buy | Neutral | Upgrade | Dec 19, 2017 |
| William Blair | Outperform | Outperform | Maintain | Sep 22, 2017 |
| Macquarie | Neutral | Neutral | Maintain | Apr 7, 2017 |
| Needham | Buy | Buy | Maintain | Apr 4, 2017 |
| Leerink Swann | Outperform | Market Perform | Upgrade | Jan 16, 2017 |
| Avondale Partners | Outperform | Market Perform | Upgrade | Oct 4, 2016 |
| Stifel Nicolaus | Hold | Sell | Upgrade | Oct 3, 2016 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Jul 21, 2016 |
| Canaccord Genuity | Buy | Buy | Maintain | Jun 7, 2016 |
| Stephens & Co. | Equal Weight | Overweight | Downgrade | Apr 29, 2016 |
| BB&T Capital | Buy | Buy | Maintain | Nov 11, 2015 |
| FBR Capital | Perform | Outperform | Downgrade | Nov 21, 2014 |
| ISI Group | Hold | Buy | Downgrade | Oct 30, 2014 |
| Cantor Fitzgerald | Hold | Sell | Upgrade | May 29, 2014 |
| Evercore Partners | Overweight | Equal Weight | Upgrade | Dec 4, 2013 |
| Sterne Agee | Buy | Buy | Maintain | Sep 18, 2013 |
| McNicoll Lewis Vlak | Buy | Buy | Maintain | Jul 30, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $325.37. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Robert W. Baird | Analyst unavailable | $375 | $340.43 | +15.3% | Oct 22, 2026 |
| Argus Research | David Toung | $380 | $340 | +16.8% | Oct 20, 2026 |
| UBS | Analyst unavailable | $400 | $341.41 | +22.9% | Oct 16, 2026 |
| RBC Capital | Ryan Halsted | $330 | $316.13 | +1.4% | Aug 19, 2026 |
| Morgan Stanley | Analyst unavailable | $346 | $323.29 | +6.3% | Aug 7, 2026 |
| Robert W. Baird | Analyst unavailable | $370 | $313.37 | +13.7% | Aug 6, 2026 |
| UBS | Kevin Caliendo | $430 | $313.51 | +32.2% | Aug 6, 2026 |
| Evercore ISI | Analyst unavailable | $350 | $317.22 | +7.6% | Aug 6, 2026 |
| Barclays | Analyst unavailable | $350 | $279.57 | +7.6% | Jun 10, 2026 |
| Wells Fargo | Stephen Baxter | $331 | $261.08 | +1.7% | May 11, 2026 |
| Morgan Stanley | Analyst unavailable | $342 | $265.58 | +5.1% | May 8, 2026 |
| UBS | Analyst unavailable | $412 | $256.01 | +26.6% | May 7, 2026 |
| Evercore ISI | Analyst unavailable | $360 | $324.93 | +10.6% | Apr 8, 2026 |
| Morgan Stanley | Analyst unavailable | $380 | $334.15 | +16.8% | Mar 17, 2026 |
| Barclays | Analyst unavailable | $425 | $351.06 | +30.6% | Feb 13, 2026 |
| Wells Fargo | Analyst unavailable | $429 | $363.27 | +31.8% | Feb 10, 2026 |
| Evercore ISI | Analyst unavailable | $420 | $354.83 | +29.1% | Feb 5, 2026 |
| Morgan Stanley | Analyst unavailable | $400 | $350.54 | +22.9% | Jan 29, 2026 |
| Jefferies | Brian Tanquilut | $440 | $351.75 | +35.2% | Jan 22, 2026 |
| Robert W. Baird | Eric Coldwell | $415 | $345.3 | +27.5% | Jan 13, 2026 |
| Robert W. Baird | Analyst unavailable | $392 | $345.64 | +20.5% | Dec 16, 2025 |
| Barclays | Analyst unavailable | $400 | $337.82 | +22.9% | Dec 8, 2025 |
| UBS | Kevin Caliendo | $415 | $363.58 | +27.5% | Nov 7, 2025 |
| Evercore ISI | Analyst unavailable | $400 | $352.13 | +22.9% | Nov 6, 2025 |
| Mizuho Securities | Steven Valiquette | $340 | $333.17 | +4.5% | Oct 30, 2025 |
| UBS | Analyst unavailable | $380 | $334 | +16.8% | Oct 27, 2025 |
| Mizuho Securities | Steven Valiquette | $334 | $319.61 | +2.7% | Oct 16, 2025 |
| Evercore ISI | Analyst unavailable | $340 | $308.71 | +4.5% | Oct 8, 2025 |
| Wells Fargo | Stephen Baxter | $354 | $289.15 | +8.8% | Aug 13, 2025 |
| Morgan Stanley | Erin Wright | $330 | $295.68 | +1.4% | Jul 16, 2025 |
| Morgan Stanley | Erin Wright | $288 | $284.54 | -11.5% | Apr 15, 2025 |
| Citigroup | Daniel Grosslight | $284 | $229.34 | -12.7% | Sep 18, 2024 |
| Bank of America Securities | Allen Lutz | $245 | $234.53 | -24.7% | Sep 18, 2024 |
| Robert W. Baird | David Rodgers | $283 | $236.24 | -13.0% | Sep 6, 2024 |
| Robert W. Baird | David Rodgers | $287 | $237.88 | -11.8% | Aug 1, 2024 |
| Robert W. Baird | David Rodgers | $280 | $216.21 | -13.9% | May 29, 2024 |
| Robert W. Baird | David Rodgers | $275 | $242.04 | -15.5% | Apr 5, 2024 |
| Argus Research | David Toung | $270 | $245.8 | -17.0% | Apr 4, 2024 |
| Mizuho Securities | Ann Hynes | $174 | $166.87 | -46.5% | May 3, 2023 |
| Argus Research | Analyst unavailable | $190 | $164.83 | -41.6% | Jan 12, 2023 |
| Morgan Stanley | Analyst unavailable | $176 | $151.31 | -45.9% | Aug 22, 2022 |
| Credit Suisse | Analyst unavailable | $175 | $143.05 | -46.2% | Aug 4, 2022 |
| Argus Research | Analyst unavailable | $170 | $141.55 | -47.8% | Jul 20, 2022 |
| Evercore ISI | Elizabeth Anderson | $150 | $140.4 | -53.9% | Jul 19, 2022 |
| UBS | Kevin Caliendo | $174 | $145.02 | -46.5% | Jun 23, 2022 |
| Deutsche Bank | George Hill | $178 | $145.76 | -45.3% | Jun 10, 2022 |
| Cowen & Co. | Analyst unavailable | $170 | $145.62 | -47.8% | Jun 9, 2022 |
| Evercore ISI | Elizabeth Anderson | $165 | $150.01 | -49.3% | Jun 2, 2022 |
| Morgan Stanley | Analyst unavailable | $175 | $156.08 | -46.2% | May 27, 2022 |
| Deutsche Bank | Analyst unavailable | $168 | $155.19 | -48.4% | May 5, 2022 |
| Mizuho Securities | Analyst unavailable | $162 | $154.86 | -50.2% | May 5, 2022 |
| Barclays | Steven Valiquette | $152 | $136.01 | -53.3% | Jan 11, 2022 |
| Morgan Stanley | Ricky Goldwasser | $142 | $124.77 | -56.4% | Dec 17, 2021 |
| Deutsche Bank | George Hill | $153 | $124.93 | -53.0% | Nov 12, 2021 |
| UBS | Kevin Caliendo | $144 | $117.98 | -55.7% | Aug 11, 2021 |
Track every rating change on COR the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationCencora, Inc. functions as a global leader in the sourcing and distribution of pharmaceutical products, with operations spanning both the United States and international markets. Within its U.S. Healthcare Solutions segment, the company supplies a broad spectrum of pharmaceutical items, including generic and injectable medications, over-the-counter health products, and home healthcare equipment. Its extensive client network includes acute care hospitals, health systems, a variety of retail and mail-order pharmacies (independent, chain, long-term care), medical clinics, and other healthcare providers. This division also manages the distribution of crucial specialized pharmaceutical products like plasma, blood derivatives, and vaccines. Beyond product supply, Cencora offers comprehensive support services, such as pharmacy management, staffing solutions, and strategic consulting.…
Historical context
All COR earningsHealthcare peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| HCA HCA Healthcare, Inc. | FY2026 Q3 · Calendar Q4 2026 | +8.6% | -3.3% | HCA Q3: Volume growth offsets payer-mix and Medicaid pressure |
| RGEN Repligen Corporation | FY2026 Q3 · Calendar Q4 2026 | +14.5% | -2.4% | Repligen: Record Q3, Higher Guidance, BioLife Integration |
| NVS Novartis AG | FY2026 Q3 · Calendar Q4 2026 | +9.3% | +2.0% | Novartis Q3 2026: Growth, Margin Expansion and Higher Guidance |
| IQV IQVIA Holdings Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -0.7% | IQVIA raises 2026 outlook as AI adoption lifts bookings |
| CNC Centene Corp. | FY2026 Q3 · Calendar Q4 2026 | — | +1.7% | Centene raises 2026 EPS outlook as margins hold up |
Latest beats and misses
Who reports nextBeat on EPS
- HCAFY2026 Q3 · October 27, 2026+8.6% EPS-3.3% move
- GLWFY2026 Q3 · October 27, 2026+3.3% EPS-1.1% move
- STXFY2027 Q1 · October 27, 2026+3.1% EPS+3.7% move
- LPLAFY2026 Q3 · October 27, 2026+5.5% EPS+0.1% move
- RGENFY2026 Q3 · October 27, 2026+14.5% EPS-2.4% move
- NVSFY2026 Q3 · October 27, 2026+9.3% EPS+2.0% move
Missed on EPS
- HSBCFY2026 Q3 · October 27, 2026-4.5% EPS-5.7% move
- BROFY2026 Q3 · October 26, 2026-1.8% EPS-5.0% move
- PSA-PLFY2026 Q3 · October 26, 2026-32.1% EPS— move
- PSA-PNFY2026 Q3 · October 26, 2026-32.1% EPS— move
- PSA-POFY2026 Q3 · October 26, 2026-32.1% EPS— move
- PSA-PKFY2026 Q3 · October 26, 2026-32.1% EPS— move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-07-29T18:00:40.287251+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-29T18:00:40.285017+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 2026-07-29. For educational purposes only; not investment advice.