SIX$ALC
Alcon Inc. · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Alcon Q1 2026: $2.7B sales (+10%) led by Unity, Tryptyr and Precision7 launches
Alcon Inc. reported first-quarter 2026 net sales of $2.685 billion, up 10% reported and 6% constant currency versus the prior year, with surgical sales of $1.460 billion (+10% reported, +6% cc) and vision care sales of $1.225 billion (+9% reported, +6% cc). Operating income was $292 million (10.9% margin) compared with $468 million in Q1 2025, which benefited from fair-value gains on associated-company investments; core operating income rose 11% to $569 million (21.2% core margin). Net income was $189 million and diluted EPS was $0.39; core diluted EPS was $0.85 (+16% reported). Growth was driven by new products including Unity VCS/CS, PanOptix Pro, Tryptyr and Precision7, partially offset by efficiency initiative costs, intangible impairments, tariffs and higher R&D. Free cash flow was $279 million. The board approved a CHF 0.28 dividend and a new $1.5 billion three-year share repurchase authorization. Management maintained cc net sales growth guidance of +5% to +7% and raised core diluted EPS growth outlook to +10% to +13% cc.
- Net sales $2.685B (+10% reported, +6% cc); surgical $1.46B, vision care $1.225B.
- Diluted EPS $0.39; core diluted EPS $0.85 (+16%).
- Core operating income $569M at 21.2% margin; reported operating margin 10.9%.
- Free cash flow $279M; operating cash flow $418M.
- New $1.5B share repurchase program; FY core EPS outlook raised to +10–13% cc.
Headline financials
Revenue & EPS history
Alcon · Revenue · Quarterly
$2.69B
Revenue by segment
Alcon · $5.12B total across 6 segments · Q1 2026
- Surgical$1.46B—28.5%
- Vision Care$1.23B—23.9%
- Surgical — Consumables$769M—15.0%
- Vision Care — Contact lenses$738M—14.4%
- Vision Care — Ocular health$487M—9.5%
- Surgical — Implantables$438M—8.6%
Forward guidance
2026 outlook maintains constant-currency net sales growth of +5% to +7% and core operating margin expansion of +70 to +170 bps; core diluted EPS growth updated to +10% to +13% cc.
Tailwinds
- New product momentum across surgical and vision care
- Share repurchase authorization
- Tariff headwind estimate reduced with reinvestment
Headwinds
- Reported margin pressure from impairments and restructuring
- Soft cataract market in consumables
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+0.7%
Avg return
Earnings day
-1.8%
Avg return
5 days after
-0.5%
Avg return
30 days after
48%
13 / 27 earnings
Positive
+13.0%
Q2 2021
Best reaction
-8.9%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | -34.4% | — | |
| Q3 2025 | +4.6% | -1.0% | +1.9% | |
| Q2 2025 | -8.9% | -10.4% | -14.3% | |
| Q1 2025 | +2.4% | -4.2% | -7.6% | |
| Q3 2024 | -5.2% | -7.7% | -7.1% | |
| Q2 2024 | -1.7% | -0.2% | +2.2% | |
| Q1 2024 | +8.9% | +8.3% | +12.5% | |
| Q4 2023 | +6.4% | +7.7% | +3.4% | |
| Q3 2023 | -2.1% | -2.1% | +7.0% | |
| Q2 2023 | -1.6% | +1.4% | +0.4% | |
| Q1 2023 | +7.6% | +6.0% | +5.4% | |
| Q4 2022 | -3.9% | -3.7% | -4.8% | |
| Q3 2022 | +4.1% | +3.1% | +8.1% | |
| Q2 2022 | -5.4% | -7.9% | -10.4% | |
| Q1 2022 | +8.7% | +10.0% | +12.7% | |
| Q4 2021 | +5.0% | -0.6% | -0.3% | |
| Q3 2021 | -4.2% | -5.9% | -1.4% | |
| Q2 2021 | +13.0% | +13.9% | +21.9% | |
| Q1 2021 | -7.8% | -7.6% | -9.0% | |
| Q4 2020 | -2.1% | -4.4% | -3.1% | |
| Q3 2020 | -1.1% | -0.3% | -1.8% | |
| Q2 2020 | -2.9% | -4.9% | -4.1% | |
| Q1 2020 | +4.3% | +5.0% | +7.0% | |
| Q4 2019 | +4.5% | +1.4% | -20.2% | |
| Q3 2019 | -3.5% | -3.8% | -3.0% | |
| Q2 2019 | -2.0% | -5.1% | -4.1% | |
| Q1 2019 | +2.1% | -0.4% | -3.3% | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2009 | — | — | — | |
| Q1 2010 | — | — | — | |
| Q4 2009 | — | — | — | |
| Q4 2007 | — | — | — | |
| Q3 2009 | — | — | — | |
| Q3 2008 | — | — | — | |
| Q4 2008 | — | — | — | |
| Q2 2008 | — | — | — | |
| Q2 2009 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro