HSIC · Full Picture

HENRY SCHEIN INC — the full picture

Earnings window · 2026-07-14 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Guidance and Outlook · Guidance & outlookPriority 77
    +6.8% revenue; 2 sources (news, press_release); 4 forward row(s); quote_verified
    Updated FY2026 non-GAAP diluted EPS guidance: $5.29 to $5.39
  2. Revenue Performance and Mix · Revenue growth & mixPriority 76
    +48.3% revenue (realized); 3 sources (news, press_release, sec_filing); quote_verified
    Company sales reached $13.2 billion in 2025 and have grown at a compound annual rate of approximately 11.0% since 1995
  3. Liquidity and Debt Position · UnclassifiedPriority 62
    -3.2% liability (realized); 2 sources (press_release, sec_filing); structured_verified
    Net cash used in investing activities was $128 million for the six months ended June 27, 2026 compared to $197 million for the prior year, a decrease in outflow of $69 million primarily attributable to lower acquisition activity.
  4. Products and Technology · Products & launchesPriority 57
    2 sources (press_release, sec_filing); quote_verified
    Global Technology Q2 2026: $181 million vs $167 million in Q2 2025 (total sales growth 8.2%)
  5. Capital Return Program · Buybacks & dividendsPriority 54
    -1.7% cash (realized); 2 sources (press_release, sec_filing); quote_verified
    On January 27, 2025, our Board of Directors authorized the repurchase of up to an additional $500 million in shares of our common stock.
  6. Market Demand Trends · Demand, orders & backlogPriority 54
    3 sources (news, press_release, sec_filing); quote_verified
    Henry Schein hit a new 52-week high of $92.18, with shares up 17.9% year-to-date and up 2.6% over the past month.
  7. Restructuring and Value Creation · Restructuring & impairmentPriority 46
    2 sources (press_release, sec_filing); 1 forward row(s); quote_verified
    The FY2026 guidance excludes restructuring expenses and related costs, amortization of acquired intangible assets, impairment of intangible assets, changes in contingent consideration, select implementation-related costs supporting value creation initiatives, and litigation settlements
  8. Gross Margin Drivers · Gross marginPriority 44
    -1.3% operating_income (realized); 2 sources (press_release, sec_filing); quote_verified
    Q2 2026 gross profit: $1,101 million and cost of sales: $2,357 million
  9. Healthcare Cost Containment · UnclassifiedPriority 41
    quote_verified
    The Centers for Medicare and Medicaid Services published that total national health care spending reached approximately $5.3 trillion in 2024 (18.0% of GDP) and is projected to reach approximately $9.0 trillion by 2034 (20.6% of projected GDP).
  10. Leadership Transition · Leadership & organizationPriority 41
    2 sources (news, sec_filing); quote_verified
    On January 12, 2026, Henry Schein announced the appointment of Frederick M. Lowery as CEO, effective March 2, 2026.
  11. Operating Cash Flow Trends · Cash flow generationPriority 41
    quote_verified
    Net cash provided by operating activities was $145 million for the six months ended June 27, 2026, compared to $157 million for the six months ended June 28, 2025, a decrease of $12 million primarily attributable to changes in working capital.
  12. Operating Expense Trends · Operating expenses (SG&A)Priority 41
    -1.9% operating_income (realized); quote_verified
    Total operating expenses for the three months ended June 27, 2026 were 26.9% of sales, compared to 26.7% for the prior year period, an increase of 7.5%.

Threads by pillar

Revenue & Demand Priority 87 · 6 threads

Costs & Margins Priority 68 · 6 threads

Capital & Balance Sheet Priority 67 · 4 threads

Strategy & Portfolio Priority 42 · 2 threads

Legal, Regulatory & Policy Priority 39 · 1 thread

Guidance & Outlook Priority 77 · 1 thread

Macro & Market Conditions Priority 44 · 3 threads

Management & Governance Priority 41 · 1 thread

Unclassified Priority 71 · 3 threads

Expected impact by metric

metricforward netforward grossrealized
revenue+6.8%+6.8%+50.8%
cash——-1.1%
operating_income——-3.2%
margin——+0.3%
net_income——-0.8%
liability——-3.2%