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QUEST DIAGNOSTICS (DGX)

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Earnings summaries and quarterly performance for QUEST DIAGNOSTICS.

Research analysts who have asked questions during QUEST DIAGNOSTICS earnings calls.

Elizabeth Anderson

Elizabeth Anderson

Evercore ISI

8 questions for DGX

Also covers: AGL, ALGN, CAH +23 more
EW

Erin Wright

Morgan Stanley

8 questions for DGX

Also covers: ALGN, BTSG, CAH +18 more
Jack Meehan

Jack Meehan

Nephron Research LLC

8 questions for DGX

Also covers: A, AVTR, BIO +17 more
Kevin Caliendo

Kevin Caliendo

UBS

8 questions for DGX

Also covers: AHCO, ALGN, AMWL +15 more
Patrick Donnelly

Patrick Donnelly

Citi

8 questions for DGX

Also covers: A, AVTR, BIO +22 more
Michael Cherny

Michael Cherny

Leerink Partners

7 questions for DGX

Also covers: ACCD, ALGN, CAH +18 more
AB

Andrew Brackmann

William Blair & Company, L.L.C.

6 questions for DGX

Also covers: ADPT, AWH, BDSX +11 more
David Westenberg

David Westenberg

Piper Sandler

6 questions for DGX

Also covers: ADPT, AKYA, BLLN +13 more
Luke Sergott

Luke Sergott

Barclays

6 questions for DGX

Also covers: A, AVTR, BRKR +19 more
Michael Ryskin

Michael Ryskin

Bank of America Merrill Lynch

6 questions for DGX

Also covers: A, ALGN, AVTR +28 more
PC

Pito Chickering

Deutsche Bank

6 questions for DGX

Also covers: ACHC, AHCO, AVAH +18 more
Tycho Peterson

Tycho Peterson

Jefferies

5 questions for DGX

Also covers: A, AVTR, BIO +22 more
AB

Andrew Brackman

William Blair

2 questions for DGX

Also covers: BLLN, LH, VCYT
AH

Ann Hynes

Mizuho Financial Group

2 questions for DGX

Also covers: ARDT, BTSG, CI +18 more
Benjamin Shaver

Benjamin Shaver

Deutsche Bank AG

2 questions for DGX

Also covers: MD
EC

Eric Caldwell

Baird

2 questions for DGX

Noah Kava

Noah Kava

Jefferies

2 questions for DGX

AD

Aaron David Izen

Bank of America

1 question for DGX

AK

Anna Krasinski

Barclays

1 question for DGX

EP

Eugene Park

Robert W. Baird & Co. Incorporated

1 question for DGX

Also covers: LH
LG

Lisa Gill

JPMorgan Chase & Co.

1 question for DGX

Also covers: AGL, CAH, CI +13 more
MH

Meghan Holtz

Jefferies Financial Group Inc.

1 question for DGX

Also covers: AHCO, AVAH, EHAB +4 more
MC

Michael Cherney

Jefferies Financial Group Inc.

1 question for DGX

Also covers: COR, LH
SD

Stephanie Davis

Barclays

1 question for DGX

Also covers: ACCD, CAH, COR +20 more

Recent press releases and 8-K filings for DGX.

Quest Diagnostics reports Q4 2025 results
DGX
Earnings
Guidance Update
  • Quest Diagnostics reported Q4 2025 net revenues of $2.806 billion, up 7.1% year-over-year.
  • Q4 2025 adjusted operating margin was 15.3%, down from 15.6% in Q4 2024.
  • Q4 2025 adjusted diluted EPS was $2.42, an 8.5% increase year-over-year.
  • Full-year 2026 guidance calls for revenues of $11.70 billion–$11.82 billion and adjusted diluted EPS of $10.50–$10.70.
2 days ago
Quest Diagnostics reports Q4 2025 results
DGX
Earnings
Guidance Update
New Projects/Investments
  • Q4 consolidated revenues of $2.81 billion, up 7.1% year-over-year; organic revenue growth of 6.4% and requisition volumes up 8.5%.
  • Full-year 2025 delivered double-digit growth in revenues and earnings per share.
  • 2026 guidance: revenues of $11.7 billion–$11.82 billion (+6.0%–7.1%), adjusted EPS of $10.50–$10.70, and cash from operations of ~$1.75 billion.
  • Co-lab solutions expected to generate $1 billion in annual revenues in 2026; partnership with Corewell Health will add $250 million of organic revenue at low single-digit margins.
  • Consumer-initiated testing grew >20% in 2025, delivering ~$250 million in revenues; QuestHealth.com expanded to over 150 tests.
2 days ago
Quest Diagnostics reports Q4 2025 results
DGX
Earnings
Guidance Update
New Projects/Investments
  • Q4 2025 revenues were $2.81 billion (+7.1% YoY; organic +6.4%), total volume +8.5%, with adjusted EPS of $2.42 (+8.5% YoY).
  • 2025 full year delivered double-digit revenue and EPS growth; cash from operations was $1.89 billion.
  • 2026 guidance: revenues of $11.7 billion–$11.82 billion (+6.0%–7.1%), adjusted EPS $10.50–$10.70, cash from operations ~ $1.75 billion, and capex ~ $550 million; operating margin is expected to expand.
  • Strategic initiatives include scaling co-lab solutions with Corewell Health (targeting $1 billion in annual revenues in 2026) and growing consumer-initiated testing (nearly $250 million in 2025 via QuestHealth.com and wellness partnerships).
2 days ago
Quest Diagnostics reports Q4 2025 results and 2026 outlook
DGX
Earnings
Guidance Update
  • Q4 2025 revenues were $2.81 billion, up 7.1% YoY, with organic revenue growth of 6.4%, and adjusted EPS of $2.42 (vs. $2.23 prior year).
  • Full-year 2025 delivered double-digit growth in both revenues and EPS, driven by clinical innovations, strategic collaborations, and operational enhancements.
  • 2026 guidance calls for revenues of $11.70 – $11.82 billion (6.0%–7.1% growth), adjusted EPS of $10.50 – $10.70, operating margin expansion, cash from operations of ~$1.75 billion, and CapEx of ~$550 million.
  • Strategic initiatives include a one-year delay of PAMA rate cuts through end 2026, 3% cost savings via the Invigorate program, and expected $250 million in low-single-digit-margin co-lab revenues from Corewell Health in 2026.
2 days ago
Quest Diagnostics posts Q4 and FY 2025 results and 2026 guidance
DGX
Earnings
Guidance Update
  • Q4 2025 revenues of $2.81 billion (+7.1% y/y); reported diluted EPS of $2.18 (+11.8% y/y) and adjusted diluted EPS of $2.42 (+8.5% y/y)
  • FY 2025 net revenues of $11.04 billion (+11.8% y/y); reported diluted EPS of $8.75 (+13.8% y/y); adjusted diluted EPS of $9.85 (+10.3% y/y); cash from operations of $1.89 billion
  • 2026 guidance: revenues of $11.70–11.82 billion, reported diluted EPS of $9.45–9.65, and adjusted diluted EPS of $10.50–10.70
3 days ago
Quest Diagnostics raises dividend to $0.86 per share and boosts buyback authorization
DGX
Dividends
Share Buyback
  • Quest Diagnostics’ Board approved a 7.5% increase in its quarterly cash dividend to $0.86 per share (annualized $3.44), payable April 20, 2026, to shareholders of record April 6, 2026.
  • The Board also increased its share repurchase authorization by $1 billion, adding to the roughly $0.4 billion available under the existing program as of December 31, 2025.
3 days ago
Quest Diagnostics outlines growth strategy at JPM Healthcare Conference
DGX
Guidance Update
M&A
  • Quest Diagnostics expanded network access with Elevance and secured partnerships with large corporate physician groups to drive growth in hospital labs, reference testing, collaborative lab solutions and life sciences services.
  • Consumer-initiated testing grew from $30 million in 2021 to a $250 million run rate by Q4, with QuestHealth.com contributing $100 million and channel partners (e.g., Function Health, Whoop) adding $150 million.
  • Focused on advanced diagnostics—including cardiometabolic, autoimmune and brain health—with commercial launch of the AB4240 Alzheimer's blood-based test for amyloid and tau biomarkers.
  • Reaffirmed 2026 guidance: 4–5% total revenue growth, 75–150 bps operating margin expansion, 7–9% adjusted EPS growth, and $3–3.3 billion free cash flow after capex.
Jan 13, 2026, 12:30 AM
Quest Diagnostics outlines growth strategy and guidance at JPMorgan Healthcare Conference
DGX
Guidance Update
M&A
  • Tests one-third of U.S. adults, completing ~220 million requisitions and directly drawing blood for ~80 million individuals in 2024; network spans 8,000 sites and covers 90% of lives with 80 billion data points ( ).
  • Prevention and wellness represent ~33% of revenue; consumer-initiated testing surged from $30 million in 2021 to a $250 million run rate in 2025, led by QuestHealth.com’s $100 million business ( ).
  • Operates in a $90 billion laboratory market (~2% of a $5 trillion healthcare spend); targets 4–5% organic revenue growth, 75–150 bps margin expansion, 7–9% EPS growth, and $3–3.3 billion free cash flow (2025–27) with capital allocated to M&A, dividends, and share repurchases ( ).
  • $2.8 billion deployed in M&A over three years—including the $1 billion LifeLabs Canada acquisition—and growing co-lab hospital services from $800 million toward a $1 billion target by 2026 ( ).
Jan 13, 2026, 12:30 AM
Quest Diagnostics presents at 44th Annual J.P. Morgan Healthcare Conference
DGX
Guidance Update
M&A
Revenue Acceleration/Inflection
  • Quest Diagnostics tested one-third of the U.S. adult population in 2024 with 217 million requisitions and 80 million blood draws, covering 110 million unique patients across 8,000+ locations.
  • Prevention and wellness represents ~1/3 of revenue, while the consumer business rose from $30 million in 2021 to a $250 million run rate in Q4 2025 via QuestHealth.com ($100 million) and channel partners ($150 million).
  • The company reaffirmed its 2026 outlook: 4–5% revenue growth, 75–150 bps operating margin expansion, 7–9% adjusted EPS growth, and $3–3.3 billion free cash flow (2025–2027) targets.
  • Key investments include AI/automation (end-to-end lab systems, digital cytology), $2.8 billion in M&A (2023–25), and Project Nova to modernize the order-to-cash infrastructure.
Jan 13, 2026, 12:30 AM
Quest Diagnostics completes Michigan lab joint venture
DGX
M&A
New Projects/Investments
  • Quest Diagnostics and Corewell Health complete laboratory services joint venture, Diagnostic Lab of Michigan, LLC, with Quest owning 51% and Corewell Health 49%
  • Existing Quest and Corewell laboratories will continue providing services until a new 100,000-square-foot facility opens in Q1 2027
  • Quest begins deploying Co-Lab Solutions across 21 Corewell Health hospitals, including supply chain, lab management, patient blood and anemia management, and lab analytics and stewardship
Jan 5, 2026, 1:58 PM