Henry Schein Reports Strong Q1 2026 Results, Reaffirms Full-Year Guidance, and Executes $125M Share Repurchase
HSIC sits 16% above its 52-week low of $61.945 on elevated volume (1.9× avg).
Summary
Henry Schein reported strong Q1 2026 financial results, with non-GAAP diluted EPS increasing to $1.32, reaffirmed its full-year 2026 guidance, and repurchased $125 million in common stock.
Key Events · Earnings and Guidance · HSIC
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Strong Q1 2026 Financial Performance
The company reported Q1 2026 non-GAAP diluted EPS of $1.32, an increase from $1.15 in Q1 2025. Total net sales for the quarter reached $3.4 billion, up 6.3% compared to the first quarter of 2025, reflecting 2.5% internal sales growth.
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Full-Year 2026 Guidance Reaffirmed
Henry Schein reaffirmed its financial guidance for 2026, maintaining expectations for non-GAAP diluted EPS between $5.23 and $5.37, total sales growth of approximately 3% to 5% over 2025, and mid-single digit Adjusted EBITDA growth.
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Significant Share Repurchase Activity
During the first quarter of 2026, the company repurchased approximately 1.6 million shares of common stock for a total of $125 million, at an average price of $77.64 per share. This follows the $850 million share buyback program initiated on 2026-02-24, with $655 million remaining authorized.
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Progress on Value Creation Initiatives
Management confirmed that value creation initiatives are on track to deliver over $200 million of operating income improvement over the next few years, with a $125 million run-rate expected by year-end 2026.
Analysis · HSIC · Trade & Services
Henry Schein delivered robust first-quarter 2026 financial results, surpassing prior-year performance in key metrics like non-GAAP diluted EPS and total net sales. The company's reaffirmation of its full-year 2026 guidance, which was previously communicated, is supported by this strong start to the year. Additionally, the significant share repurchase activity demonstrates a commitment to returning value to shareholders and signals management's confidence in the company's valuation. The ongoing value creation initiatives are expected to further enhance operating income in the coming years, providing a positive long-term outlook.
At the time of this filing, HSIC was trading at $72.02 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $8.3B. The 52-week trading range was $61.95 to $89.29. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.