8-K ·Filed Sep 10, 2026

LH

LABCORP HOLDINGS INC.
NEUTRAL
Impact 5/10
Horizonmonths Processed21d 21h ago SEC0000920148-26-000201
8-K context-dependent: Items 7.01
Actionable Insight • Neutral

The long-term outlook (5-8% revenue CAGR, 8.5-11.5% EPS CAGR) is in line with the company's historical performance and provides a clear framework for valuation. Monitor upcoming quarterly results for execution against the 2026 guidance and any updates on M&A pipeline or LaunchPad savings. The stock has outperformed the S&P 500 Healthcare index since the prior Investor Day (144% vs 88% TSR), suggesting elevated expectations are already priced in.

DirectionNeutral
Confidencehigh
Horizonmonths
Latest settled — T+5d
LH ▲ +2.94% at T+5d
NEUTRAL call ✓ call won +2.94% · α vs SPY +3.16% · entry $311.54 → $320.71
Next anchor: T+20d in 6d
Latest observation: T+12 -0.75% FF3 residual α
Entry anchored
Sep 10, 04:00 PM ET
via 1-min bar
T+1d
+1.21%
call +1.21% · α +1.66%
$315.31
settled 21d ago
T+5d
+2.94%
call +2.94% · α +3.16%
$320.71
settled 15d ago
T+20d
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call — · α —
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in 6d
T+60d
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call — · α —
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in 2mo

Price Chart

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Executive Summary

Labcorp held its 2026 Investor Day, reaffirming full-year 2026 guidance and providing a long-term outlook through 2029. The company targets 5%-8% compound annual revenue growth and 8.5%-11.5% adjusted EPS CAGR, driven by specialty diagnostics, technology, and M&A. The filing is a routine strategic update with no new financial data beyond previously issued guidance.

Key Facts

  • Reaffirmed FY2026 guidance: Enterprise revenue $14.71B-$14.83B (+5.4% to +6.3% YoY), Adjusted EPS $18.10-$18.55 (+10.1% to +12.8% YoY), Free Cash Flow $1.24B-$1.36B.
  • Long-term outlook (2026-2029): 5%-8% revenue CAGR, 75-150 bps adjusted operating margin expansion by end of 2029, 8.5%-11.5% adjusted EPS CAGR.
  • Organic revenue growth target of 3.5%-5.5% CAGR, with M&A contributing an additional 1.5%-2.5% CAGR.
  • Diagnostics segment revenue grew from $9.4B in 2023 to $11.5B at 2026 guidance midpoint (7% CAGR).
  • Biopharma Laboratory Services revenue grew from $2.8B in 2023 to $3.3B at 2026 guidance midpoint (6% CAGR).
  • Capital deployment from 2023-2025: $6.1B total, with $3.7B reinvested in the business ($1.4B CapEx, $2.3B M&A) and $2.4B returned to shareholders ($0.7B dividends, $1.7B share repurchases).
  • LaunchPad productivity savings targeted at $125M-$150M per year.
  • Financial leverage target: 2.5x to 3.0x gross debt to TTM adjusted EBITDA.
  • Specialty diagnostics (oncology, neurology, autoimmune, women's health) generating $2B in annual revenue with strong growth rates.
  • Over 30 M&A deals from 2023-2025 contributed $900M in acquired revenue.

Financial Impact

Reaffirmed FY2026 guidance: Enterprise revenue $14.71B-$14.83B, Adjusted EPS $18.10-$18.55, Free Cash Flow $1.24B-$1.36B. Long-term targets: 5%-8% revenue CAGR, 8.5%-11.5% adjusted EPS CAGR through 2029.

revenueepsfree cash flowoperating margin

Risk Factors

  • Potential impact of PAMA (Protecting Access to Medicare Act) on diagnostics reimbursement.
  • Foreign exchange headwinds (0.4% impact on enterprise revenue, 1.5% on BLS).
  • Execution risk on M&A integration and achieving targeted 1.5%-2.5% acquisition revenue CAGR.
  • Macroeconomic pressures and inflation affecting healthcare utilization.
  • Competition from hospital labs and other independent lab providers.

Market Snapshot

Exchange
NYSE
Sector
Services-Medical Laboratories
Analyst Consensus
78% bullish (27 analysts)

Investment Themes

Healthcare & Medical Devices

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0000920148-26-000201
Document: formpr091026ex991investord.htm0000920148-26-000201
Document: lh-20260910.htm0000920148-26-000201
Document: 0000920148-26-000201-index-headers.html0000920148-26-000201
Document: 0000920148-26-000201-index.html0000920148-26-000201
Document: 0000920148-26-000201.txt0000920148-26-000201
15 reports for LH
Performance horizon
100% Hit rate 3 of 3 directional calls best @ T+60▲ +17.60%Apr 30, 2026
Filters
Rows
Reports for LH — sortable, filterable
TypeNow
Sep 10, 2026
21d ago
8-K
NEUTRAL ★ 5/10
$311.54 $320.71▲ +2.94%▲ +3.16%$306.38 (−1.66%)
Aug 28, 2026
5w ago
8-K
NEUTRAL ★ 2/10
$335.11 $326.89▼ −2.45%▼ −2.56%$306.38 (−8.57%)
Aug 18, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$322.18 $337.68▲ +4.81%▲ +5.01%$306.38 (−4.90%)
Aug 17, 2026
6w ago
8-K
NEUTRAL ★ 2/10
$323.34 $339.34▲ +4.95%▲ +6.14%$306.38 (−5.25%)
Aug 14, 2026
7w ago
8-K
NEUTRAL ★ 2/10
$318.13 $336.34▲ +5.72%▲ +7.09%$306.38 (−3.69%)
Aug 12, 2026
7w ago
Insider Cluster
NEUTRAL ★ 2/10
$323.48 $330.44▲ +2.15%▲ +2.60%$306.38 (−5.29%)
Aug 6, 2026
8w ago
Insider Cluster
NEUTRAL ★ 2/10
$316.53 $322.59▲ +1.91%▲ +0.70%$306.38 (−3.21%)
Jul 30, 2026
9w ago
8-K
BULLISH ★ 7/10
$315.53 $316.53▲ +0.32%▼ −3.31%$306.38 (−2.90%)
Jul 10, 2026
12w ago
8-K
NEUTRAL ★ 2/10
$276.81 $281.94▲ +1.85%▲ +2.41%$306.38 (+10.68%)
Jun 30, 2026
13w ago
8-K
NEUTRAL ★ 2/10
$283.88 $283.86▼ −0.01%▼ −0.27%$306.38 (+7.93%)
Showing 10 of 15

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