MCK US S&P 500Russell 1000 Konferencja wynikowa
McKesson Corporation
Wyniki II kw. 2026 vs I kw. 2026 · poprzedni kwartał · rok obrotowy: Q1 2027 · opublikowano 5 sie 2026 i 7 maj 2026
Net income down 63.5% on the previous quarter. Management sounded cautious, though noticeably more positive answering analysts.
1 · Liczby
−63,5%
Zysk netto vs I kw. 2026
Podano perspektywy
Zysk netto 614,0 mln vs 1,68 mld
Przychody +9,4%
Against the same quarter last year (II kw. 2025) it is −21.7% — part of the move on last quarter is seasonal.
2 · Jak mówił zarząd
Ostrożny
Less upbeat than 96% of company calls
Answers to analysts: very upbeat, and more positive than the script.
Similar to last call.
3 · Co się wyróżniło
Liczba
Revenues increased 8% to $105 billion and adjusted earnings per diluted share increased 20% to $9.93, both of which exceeded expectations.
Między wierszami
-
Główny temat
Tax rate phasing is expected to closely mirror fiscal 26, with swings driven by the timing of one-time tax items.
Cytat ze źródła
“We had negative free cash flow of $372 million, including $152 million in capital expenditures as we continue to invest... We ended the quarter with $5.2 billion in cash and cash equivalents, and total liquidity of approximately $10 billion, which is well above the minimum threshold. Free cash flow improved meaningfully compared to the prior year, driven by efficient working capital...”
-
Główny temat
The company is focusing on creating long-term value by hiring leadership experienced in managing complex scale businesses and executing portfolio strategies to grow its diversified healthcare services offering.
Cytat ze źródła
“He has led finance organizations across complex scale businesses with a track record of managing through change, executing portfolio strategy... ...across finance and operations, with a focus on execution and discipline that is well aligned with McKesson's operating model. These experiences are especially relevant as we continue to grow our diversified health care services offering and execute against our strategic portfolio initiatives.”
-
Prognoza
The company updated its corporate expense guidance to between $580 and $640 million for the upcoming period.
Cytat ze źródła
“In corporate, we anticipate expenses of $580 to $640 million.”
-
Prognoza
The company expects the quarterly phasing of the tax rate to be broadly similar to fiscal 26, with variability driven by timing of discrete tax items.
Cytat ze źródła
“We expect the quarterly phasing of tax rate to be broadly similar to fiscal 26 with variability driven by timing of discrete tax items.”
Wycena
Odwrócony DCF. Wolne przepływy pieniężne z ostatniego pełnego roku obrotowego (2026-03-31), powiększane przez 10 lat, zdyskontowane, plus wartość rezydualna. „Wzrost implikowany” to tempo, które zakłada obecna cena.
Aktualna cena
$910.33
zamknięcie z 2026-10-07
Rynek zakłada wzrost o iRoczny wzrost wolnych przepływów pieniężnych przez następne 10 lat, który zakłada dzisiejsza cena akcji. Jeśli uważasz, że spółka będzie rosła szybciej, akcja jest w tym modelu tania; wolniej — droga.
+7,3% przez 10 lat
Wartość godziwa / akcję
—
Kupuj poniżej
—
Cena vs wartość godziwa
—
Cena vs cena zakupu
—
Ton
Jak optymistyczny był język w porównaniu z innymi spółkamiiTon to liczba pozytywnych słów finansowych minus liczba negatywnych, skorygowana o długość tekstu. Zarządy zwykle mówią pozytywnie, więc etykiety porównują każdą konferencję z ostatnimi konferencjami wszystkich spółek: „typowy” to środkowa trzecia, „bardzo optymistyczny” to najlepsze 10%, „ostrożny” to najsłabsze 10%.. Kropka: II kw. 2026. Pierścień: I kw. 2026.
Management was more positive answering analysts than in its script — usually a sign it was comfortable with the details it was asked about.
Zdania, które wpłynęły na ton
“Operating profit increased 41% to $405 million excluding contributions from core ventures operating profit grew approximately 15%, driven by higher specialty distribution volumes, organic and new growth in provider solutions,...”
“McKesson is operating from a position of strength with robust growth outlook strong balance sheet position, and long track record of execution.”
“And despite this dynamic, we were able to achieve GP growth, margin expansion, and strong operating leverage as well.”
Liczby
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Pozycja | II kw. 2026period end 2026-06-30 | I kw. 2026period end 2026-03-31 | Zmiana | II kw. 2025 | r/r |
|---|---|---|---|---|---|
| Przychody | 105,38 mld | 96,30 mld | +9,4% | 97,83 mld | +7,7% |
| Zysk brutto ze sprzedaży | 3,69 mld | 4,04 mld | −8,9% | 3,28 mld | +12,4% |
| Zysk operacyjny | 1,32 mld | 2,15 mld | −38,7% | 1,04 mld | +27,3% |
| Zysk netto | 614,0 mln | 1,68 mld | −63,5% | 784,0 mln | −21,7% |
| Zysk na akcję | 5,15 | 13,65 | −62,3% | 6,25 | −17,6% |
| C/Z dziś 24,6 | 20,3 | 22,5 | −2,2 | 29,3 | −9,0 |
Tematy
Najczęściej omawiane teraz
- While branded pricing declines impacted revenue, they did not have a meaningful impact on operating profit.
- The updated outlook reflects strong performance and solid underlying fundamentals including stable utilization trends, and specialty growth.
- For additional information concerning risk factors that could cause McKesson's actual results, to materially differ from those in its…
- During the quarter, 3 of McKesson's reporting segments delivered double digit operating profit growth.
- Equally important, is allocating capital thoughtfully and responsibly in ways that create long term value for shareholders advancing…
Zniknęło od I kw. 2026
- Słabnie There was an impact to revenue growth, but the fundamentals of McKesson's business and the strength of its...
- Słabnie McKesson continues to have a strong value proposition there.
- Słabnie This performance was driven by strong operating results and working capital timing.
- Słabnie Both businesses have been onboarded seamlessly, delivering strong growth momentum while expanding high-quality care in the community…
Najnowsze komunikaty
Oficjalne raporty spółki, od najnowszych.
- Regulation FD disclosure · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Results of operations · SEC 8-K
- Shareholder vote results · SEC 8-K
- Director or officer change; Regulation FD disclosure · SEC 8-K
- Material agreement; New financial obligation · SEC 8-K
- Results of operations · SEC 8-K
- Material agreement; Agreement terminated; New financial obligation · SEC 8-K