Quest Diagnostics Incorporated · DGX · FY2026 Q1 · Calendar Q2 2026
Quest Diagnostics raises 2026 guidance as volume and AI gains accelerate
The quarter supports a constructive view of Quest Diagnostics: resilient organic demand, advanced diagnostics and automation supported growth, while management raised full-year guidance. Execution on partnerships, reimbursement and cost controls remains important.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
The main change was stronger near-term execution and higher full-year guidance. Management also highlighted 10.8% organic volume growth, expanded AI use and broader consumer-health reach, while identifying reimbursement, cost and mix pressures.
Guidance delta
Management raised full-year 2026 revenue guidance to $11.78-$11.9 billion and EPS guidance to $9.58-$9.78.
Key takeaways
- Organic volume grew 10.8% year over year, supported by higher tests per requisition and new clinical areas.
- Advanced diagnostics, consumer-health partnerships and health-system collaborations remain key growth drivers.
- AI and automation improved productivity, including a reported 40% increase in customer-service email triage.
Management priorities
- Expand advanced diagnostics, including AD-Detect and Haystack MRD.
- Scale AI and automation initiatives, including Quest AI Companion and Project Nova.
- Develop consumer-health partnerships and new health-system laboratory capabilities.
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Analyst 52W Price Targets
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.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Hold | Hold | Maintain | Sep 21, 2026 |
| UBS | Neutral | Neutral | Maintain | Sep 8, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 28, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jul 24, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 24, 2026 |
| Baird | Neutral | Neutral | Maintain | Jul 24, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Apr 8, 2026 |
| Jefferies | Buy | Buy | Maintain | Feb 11, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Feb 10, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Oct 27, 2025 |
| Leerink Partners | Outperform | Outperform | Maintain | Oct 21, 2025 |
| Deutsche Bank | Hold | Hold | Maintain | Jul 23, 2025 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Dec 17, 2024 |
| B of A Securities | Buy | Buy | Maintain | Dec 13, 2024 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Feb 3, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Jan 25, 2023 |
| Keybanc | Overweight | Overweight | Maintain | Dec 13, 2021 |
| Argus Research | Buy | Hold | Upgrade | Oct 21, 2020 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | May 21, 2020 |
| CFRA | Hold | Strong Buy | Downgrade | Apr 22, 2020 |
| Bank of America | Neutral | Underperform | Upgrade | Dec 19, 2019 |
| Canaccord Genuity | Buy | Buy | Maintain | Jul 24, 2019 |
| Goldman Sachs | Sell | Neutral | Downgrade | Jul 15, 2019 |
| Argus | Hold | Buy | Downgrade | Jan 31, 2019 |
| William Blair | Outperform | Market Perform | Upgrade | Jun 8, 2018 |
| Raymond James | Market Perform | Outperform | Downgrade | Sep 25, 2017 |
| Jyske Bank | Sell | Sell | Maintain | Jun 24, 2016 |
| JMP Securities | Perform | Market Perform | Maintain | Mar 27, 2015 |
| ISI Group | Neutral | Neutral | Maintain | Nov 19, 2013 |
| Craig-Hallum | Buy | Buy | Maintain | Sep 19, 2013 |
| Maxim Group | Buy | Hold | Upgrade | Aug 8, 2013 |
| Oppenheimer | Underperform | Underperform | Maintain | Jan 28, 2013 |
| Macquarie | Neutral | Underperform | Upgrade | Nov 20, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $236.59. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Analyst unavailable | $260 | $246.48 | +9.9% | Sep 21, 2026 |
| UBS | Analyst unavailable | $245 | $235.58 | +3.6% | Sep 8, 2026 |
| Argus Research | Analyst unavailable | $260 | $235.34 | +9.9% | Jul 29, 2026 |
| UBS | Kevin Caliendo | $232 | $231.3 | -1.9% | Jul 24, 2026 |
| Robert W. Baird | Analyst unavailable | $255 | $227.9 | +7.8% | Jul 24, 2026 |
| Barclays | Analyst unavailable | $250 | $227.9 | +5.7% | Jul 23, 2026 |
| Jefferies | Analyst unavailable | $245 | $227.9 | +3.6% | Jul 23, 2026 |
| Robert W. Baird | Analyst unavailable | $236 | $207.44 | -0.2% | Jul 13, 2026 |
| Evercore ISI | Analyst unavailable | $225 | $205.18 | -4.9% | Apr 21, 2026 |
| Jefferies | Analyst unavailable | $225 | $205.18 | -4.9% | Apr 21, 2026 |
| Evercore ISI | Analyst unavailable | $210 | $198.81 | -11.2% | Apr 8, 2026 |
| Mizuho Securities | Analyst unavailable | $235 | $209.32 | -0.7% | Feb 12, 2026 |
| UBS | Analyst unavailable | $210 | $206.72 | -11.2% | Feb 11, 2026 |
| Truist Financial | Analyst unavailable | $220 | $205.62 | -7.0% | Feb 11, 2026 |
| Evercore ISI | Elizabeth Anderson | $220 | $205.43 | -7.0% | Feb 11, 2026 |
| Robert W. Baird | Analyst unavailable | $219 | $205.35 | -7.4% | Feb 11, 2026 |
| Jefferies | Tycho Peterson | $220 | $205.24 | -7.0% | Feb 10, 2026 |
| Barclays | Analyst unavailable | $210 | $182.35 | -11.2% | Jan 30, 2026 |
| Piper Sandler | Analyst unavailable | $200 | $182.18 | -15.5% | Oct 27, 2025 |
| Truist Financial | Analyst unavailable | $205 | $184.64 | -13.4% | Oct 22, 2025 |
| Morgan Stanley | Erin Wright | $207 | $183.18 | -12.5% | Oct 22, 2025 |
| Barclays | Analyst unavailable | $195 | $183.18 | -17.6% | Oct 22, 2025 |
| Jefferies | Analyst unavailable | $215 | $183.34 | -9.1% | Oct 21, 2025 |
| Leerink Partners | Analyst unavailable | $210 | $184.1 | -11.2% | Oct 21, 2025 |
| UBS | Kevin Caliendo | $190 | $186.82 | -19.7% | Oct 17, 2025 |
| Mizuho Securities | Analyst unavailable | $210 | $186.82 | -11.2% | Oct 17, 2025 |
| Truist Financial | Analyst unavailable | $195 | $184 | -17.6% | Oct 14, 2025 |
| Evercore ISI | Analyst unavailable | $190 | $181.89 | -19.7% | Oct 8, 2025 |
| Barclays | Analyst unavailable | $190 | $182.07 | -19.7% | Oct 2, 2025 |
| Robert W. Baird | Analyst unavailable | $194 | $178.66 | -18.0% | Aug 25, 2025 |
| Evercore ISI | Elizabeth Anderson | $185 | $170.48 | -21.8% | Jul 23, 2025 |
| Redburn Partners | Jamie Clark | $195 | $167.96 | -17.6% | Apr 2, 2025 |
| Piper Sandler | David Westenberg | $180 | $162.47 | -23.9% | Feb 3, 2025 |
| Truist Financial | David MacDonald | $182 | $163.1 | -23.1% | Jan 31, 2025 |
| Robert W. Baird | Eric Coldwell | $189 | $163.1 | -20.1% | Jan 31, 2025 |
| Citigroup | Patrick Donnelly | $185 | $157.47 | -21.8% | Oct 23, 2024 |
| Leerink Partners | Michael Cherny | $165 | $157.47 | -30.3% | Oct 23, 2024 |
| Barclays | Stephanie Davis | $168 | $157.47 | -29.0% | Oct 23, 2024 |
| Robert W. Baird | Eric Coldwell | $182 | $157.47 | -23.1% | Oct 23, 2024 |
| CFRA | Paige Meyer | $178 | $157.46 | -24.8% | Oct 22, 2024 |
| Truist Financial | David MacDonald | $165 | $150.79 | -30.3% | Oct 7, 2024 |
| Mizuho Securities | Ann Hynes | $160 | $143.21 | -32.4% | Jul 29, 2024 |
| Robert W. Baird | Eric Coldwell | $154 | $140.96 | -34.9% | Jul 24, 2024 |
| Truist Financial | David MacDonald | $158 | $144.11 | -33.2% | Jul 15, 2024 |
| Barclays | Stephanie Davis | $144 | $137.55 | -39.1% | Apr 25, 2024 |
| Jefferies | Brian Tanquilut | $155 | $127.42 | -34.5% | Feb 7, 2024 |
| Wells Fargo | Analyst unavailable | $140 | $143.29 | -40.8% | Feb 3, 2023 |
| Morgan Stanley | Analyst unavailable | $158 | $155.5 | -33.2% | Jan 6, 2023 |
| Citigroup | Analyst unavailable | $125 | $149.27 | -47.2% | Nov 17, 2022 |
| Morgan Stanley | Analyst unavailable | $142 | $136.13 | -40.0% | May 3, 2022 |
| Wells Fargo | Analyst unavailable | $150 | $133.75 | -36.6% | Apr 25, 2022 |
| Citigroup | Ralph Giacobbe | $175 | $140 | -26.0% | Apr 9, 2022 |
| Deutsche Bank | Pito Chickering | $190 | $142.3 | -19.7% | Jan 15, 2022 |
| KeyBanc | Donald Hooker | $170 | $161.75 | -28.1% | Dec 13, 2021 |
| Credit Suisse | A.J. Rice | $150 | $155.22 | -36.6% | Sep 9, 2021 |
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Start freeCompany context
Snapshot as of publicationQuest Diagnostics Incorporated, founded in 1967 and headquartered in Secaucus, New Jersey, is a premier provider of diagnostic testing, information, and related services, serving clients both domestically and internationally. Its core business involves the development and provision of diverse diagnostic information services, such as routine, advanced clinical, and anatomic pathology testing. While primarily operating under the Quest Diagnostics brand, it also leverages specialized identities like AmeriPath, Dermpath Diagnostics, ExamOne, and Quanum to reach a broad spectrum of clients.…
Historical context
All DGX earningsHealthcare peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| 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
Who reports nextBeat on EPS
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
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- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-24T22:50:55.171203+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T22:50:55.168209+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 2026-09-24. For educational purposes only; not investment advice.