Quest Diagnostics — Apr 21, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001022079-26-000040
Showing in the filing
Project Nova first wave implementation
“fall of 2027”
Period
FY2027
Measure
Company-defined measure
Source
Prose
All guidance in this release · 7
Reported diluted EPS for FY2026
“between $9.58 and $9.78”
Adjusted diluted EPS: for FY2026
“between $10.63 and $10.83”
Project Nova first wave implementation for FY2027
“fall of 2027”
Net revenues: for FY2026
“$11.78 billion” – “$11.90 billion”
Net revenues increase: for FY2026
“6.8%” – “7.8%”
Cash provided by operations for FY2026
“Approximately $1.75 billion”
Capital expenditures for FY2026
“Approximately $550 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
Patients have engaged Quest AI Companion approximately 350,000 times since we rolled it out to users of our myQuest patient app earlier this quarter. • Advanced our planning and design work for Project Nova, our multi-year initiative to transform our order-to-cash processes and systems, with plans to implement our first wave of solutions in the fall of 2027. 1 Three Months Ended March 31, 2026 2025 Change (dollars in millions, except per share data) Reported: Net revenues $ 2,895 $ 2,652 9.2 % Diagnostic Information Services revenues $ 2,832 $ 2,589 9.4 % Revenue per requisition (1.3) % Requisition volume 10.9 % Organic requisition volume 10.8 % Operating income (a) $ 399 $ 346 15.5 % Operating income as a percentage of net revenues (a) 13.8 % 13.0 % 0.8 % Net income attributable to Quest Diagnostics (a) $ 252 $ 220 14.4 % Diluted EPS (a) $ 2.24 $ 1.94 15.5 % Cash provided by operations $ 278 $ 314 (11.6) % Capital expenditures $ 114 $ 117 (1.8) % Adjusted (a): Operating income $ 447 $ 406 10.0 % Operating income as a percentage of net revenues 15.4 % 15.3 % 0.1 % Net income attributable to Quest Diagnostics $ 281 $ 251 12.1 % Diluted EPS $ 2.50 $ 2.21 13.1 % (a) For further details impacting the year-over-year comparisons related to operating income, operating income as a percentage of net revenues, net income attributable to Quest Diagnostics, and diluted EPS, see note 2 of the financial tables attached below. Updated Guidance for Full Year 2026 The company updates its full year 2026 guidance a
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.