Abbott Laboratories
ABT - NYSE - $89.47 ▼ -%1.45
-
Earnings Thu 16 Jul

Abbott opens the
books on Thursday evening.

7 analysts' median target is $125[FMP target], stock is $89, +39.7% upside potential. After Q1 +0.9% EPS beat[FMP earnings], the stock moved +1.4%.

summary below
Quick Take - in 40 seconds
B
BUY Council 5/6 - Moonshot 50

B = MoonshotScore 50[9-pillar formula] + Council 5/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].

Q4 consensus: revenue $12.5B[FMP est], EPS $1.28[FMP est]. 1 consecutive quarters of beat[FMP earnings].

$1.28 EPS Estimate Last year $1.50 - +2% YoY YoY
1 Beat Streak Expectations beaten consecutively for the last 1 quarters

Q1 EPS +0.9% beat[FMP] but the stock +1.4% D+1[FMP D+1]. Philip Boudreau promised $399.0M CapEx + a sequential decline in Q4 during the Q1 earnings call[Philip Boudreau capex transcript].

Watchlist

5 metrics stand out this quarter.

6.5% Expectation / Guide

Comparable Sales Growth Outlook

comparable_sales_growth_outlook

Abbott's full-year 2026 sales growth outlook is 6.5% to 7.5%, which includes the full-year sales of Exact Sciences.

"To align with our reporting of comparable sales growth, our full-year 2026 sales growth outlook of 6.5% to 7.5% is now on a comparable basis as well. The sales growth outlook includes the full-year sales of Exact Sciences in both the prior and current year."

- Philip Boudreau, Executive Vice President, Finance and Chief Financial Officer - Q1 FY26 Earnings Call - April 16, 2026
13% Investor Focus

Electrophysiology Growth

electrophysiology_growth

Abbott expects growth in Electrophysiology, with 14% growth in the U.S. due to the launch of the Volt PFA catheter and double-digit growth in Europe due to the launch of the TactiFlex Duo catheter.

"In Electrophysiology, growth of 13% included contributions from two pulsed field ablation catheter launches in the quarter. The launch of our Volt PFA catheter contributed to growth of 14% in the U.S., and the launch of our TactiFlex Duo catheter helped drive mid-teens growth in Europe."

- Robert Ford, Chairman and Chief Executive Officer - Q1 FY26 Earnings Call - April 16, 2026
$5.68 Investor Focus

Earnings Per Share Dilution

earnings_per_share_dilution

Abbott's new guidance range midpoint of $5.48 for full-year adjusted earnings per share reflects $0.20 of dilution related to the Exact Sciences acquisition, compared to the previous guidance range midpoint of $5.68.

"Compared to our previous full-year adjusted earnings per share guidance range midpoint of $5.68, our new guidance range midpoint of $5.48 reflects $0.20 of dilution related to the Exact Sciences acquisition, consistent with our assumption at the time of the announced transaction."

- Philip Boudreau, Executive Vice President, Finance and Chief Financial Officer - Q1 FY26 Earnings Call - April 16, 2026
$3 billion Investor Focus

Exact Sciences Acquisition

exact_sciences_acquisition

The acquisition of Exact Sciences is forecasted to add approximately $3 billion of incremental sales in 2026 and accelerate Abbott Laboratories' long-term sales growth rate.

"As we communicated at the time of the acquisition announcement, we forecast the addition of Exact Sciences to add approximately $3 billion of incremental sales in 2026 and accelerate Abbott Laboratories' long-term sales growth rate."

- Robert Ford, Chairman and Chief Executive Officer - Q1 FY26 Earnings Call - April 16, 2026
13% Management Quote

Rhythm Management Outperformance

rhythm_management_outperformance

Abbott's Rhythm Management sales grew 13%, marking the third consecutive quarter of double-digit growth and continued outperforming the market significantly.

"In Rhythm Management, sales grew 13%, marking the third consecutive quarter that we have delivered double-digit growth and continued our track record of significantly outperforming the market."

- Robert Ford, Chairman and Chief Executive Officer - Q1 FY26 Earnings Call - April 16, 2026

Stock Expert AI - Methodology

Do our 9 pillars, 7 perspectives, and Munger lens point in the same direction?

Council Score 5 / 6 Bullish

6 investor frameworks. 5 bullish (Ray Dalio, Jim Simons, Klarman, Buffett, Munger), 1 bearish (Ken Griffin), 0 neutral (none).

How is it calculated? ->
Ray Dalio macro - target upside +39.7%
Ken Griffin flow - 50d MA below
Jim Simons quant - RSI 28
Klarman value - target upside +39.7%
Buffett quality - ROE score 4/5
Munger valuation - target upside +39.7%
Munger's Mindset character & balance sheet lens
Undervalued

Quality business, discounted price.

How is it calculated? ->
Financial HealthModerate
Margin of SafetyStrong
Interest CoverageAdequate
ROIC vs WACCHealthy
Technical Levels - Pre-earnings positioning

What levels is the stock being tested at?

RSI(14)
27.6 RSI 27.6 oversold, 50d below
MACD
-14.00 price below 50d - resistance dominant
50d MA
$104 stock 14.0% below - short-term resistance
200d MA
$121 stock 25.8% below - long-term pressure
Volume (10d)
-3% decrease - low participation
Resistance
$125
Analyst median target - upgrade trigger if broken
Current
$89
Pre-earnings position
Support
$102
Invalidation - close below this is a technical breakdown
Pattern
Range
$102-$125 band - earnings breakout/breakdown trigger

Past Performance

Abbott's last 8 quarters: 1 consecutive beats.

MISS
Q2 FY25
$1.26 vs $1.26 est - +2.6%
MISS
Q3 FY25
$1.30 vs $1.30 est - -1.4%
MISS
Q4 FY25
$1.50 vs $1.50 est - -1.1%
BEAT
Q1 FY26
$1.15 vs $1.14 est - +1.4%

Q1 (April 16, 2026): EPS $1.15 vs $1.14 est[FMP], +0.9% beat. D+1 movement: +1.4%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.

Three scenarios: what could happen?

EPS < $1.24 (no guidance)

Q1: EPS $1.15 vs $1.14 beat[FMP], stock +1.4% D+1[FMP].

Backlog concentration

No RPO/backlog concentration disclosed in Q1 earnings call.

CapEx shock

Q1 CapEx $399.0M[FMP cashflow]. Q1 op margin 16.5%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.

Framework - Position discipline

After the data arrives: 3 scenarios, 3 windows

Not advice - a structural framework for earnings night. Decision discipline is yours.

Scenario A - Beat
Q4 EPS > $1.28 + CapEx discipline
Threshold: EPS > $1.28[FMP est].
Target: Break above median target $125[FMP target]; high target $152[FMP] upper bound.
Scenario B - In-Line
EPS approx $1.28 + CapEx < $399.0M
Threshold: EPS approx $1.28[FMP est], Q4 CapEx < $399.0M[FMP].
Target: Consolidation in the band between current $89[FMP] and median $125[FMP].
Scenario C - Miss
EPS < $1.24 or CapEx >= $399.0M
Threshold: EPS < $1.24[FMP estx0.97].
Target: Current $89 below SMA200 $121[FMP], if rejection continues, $102[derived] support activates.
Sizing
Earnings volatility -> max portfolio 1-2%. Waiting for earnings is not a gamble, it's a position entrustment.
Timing
IV crush within 24 hours post-earnings. Waiting for premium decay makes options preferable to spot.
Staging
Don't go all-in at once, divide into 3: initial reaction, 24 hours later, after Friday's close.

Market Outlook

What do 7 analysts say?

Wall Street Consensus
$125
12-month median target price (+39.7% upside potential)
21
BUY
7
HOLD
0
SELL
Risk Management
$102
Invalidation level - critical support threshold
$104 - 50-day MA (below, -14.0%)
$121 - 200-day MA (below, -25.8%)
IV Crush risk (sudden drop in inflated option premiums before earnings): Option premiums are inflated before earnings.
Verdict - ABT Q4 FY26
B

You read it in 5 minutes. When the numbers come out on Thursday evening - you know what you're looking at.

Data arrives at night. The framework is ready now.

Data arrives on Thursday evening. The framework is ready on this page: Q4 EPS threshold $1.28[FMP], CapEx threshold "below $399.0M"[Philip Boudreau]. Two anchors, three scenarios.

Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).

3 subscriptions. 1 platform.

Seeking Alpha $299/yr - analyst opinions + earnings coverage TipRanks $360/yr - Smart Score (1-10) + analyst consensus + insider trades Trendspider $400/yr - AI pattern detection + automated TA + multi-timeframe alerts

Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing

Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore 9-pillar + Insider tracker + Technical levels - all in one platform, for every stock.

Educational tool, not investment advice. Past performance does not guarantee future results.

Calendar

Catalyst Calendar - 90-day forward look

Jul 16, 2026EARNINGSQ4 FY26 results (after market close) + earnings call
Jul 17, 2026PRICEFirst trading day after earnings - 200dMA test + IV crush
Aug 30, 2026FILING10-Q deadline - segment breakdown + RPO detail (SEC rule: quarter-end + 45 days)
~Oct 16, 2026EARNINGSQ1 FY27 (next quarter, date not yet scheduled in FMP)

DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.

Frequently Asked Questions

What does the ABT earnings preview cover?

This ABT (ABT) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.

What should investors watch for in ABT earnings?

Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.