Alcon Inc. (ALC) Stock Falls on Q1 2026 Earnings

Alcon Inc. (ALC) reported first-quarter 2026 results with the following income highlights:

Total revenue: $2.7 billion, up 9.4% year over year.

Gross profit: $1.5 billion, up 10.3% year over year.

Operating profit: $292 million, down 37.6% year over year.

Net income attributable to common shareholders: $189 million, down 46.0% year over year.

Diluted earnings per share: $0.39, down 44.3% year over year.

Cash flow and balance sheet snapshots:

Cash from operating activities: $418 million, up 8.9% year over year.

Capital expenditures (purchases of property, plant and equipment): $139 million, up 31.1% year over year.

Cash and cash equivalents: $1.6 billion, up roughly 6,156% year over year.

Total liabilities: $9.5 billion, up roughly 1,538% year over year.

Cost of sales: $1.2 billion, up 6.7% year over year.

Market reaction and context:

Shares fell 5.4% since market close, reflecting investor concern as revenue growth contrasted with sizeable declines in operating profit, net income and earnings per share.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Alcon Inc. Hedge Fund Activity

We have seen 269 institutional investors add shares of Alcon Inc. stock to their portfolio, and 312 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PRICE T ROWE ASSOCIATES INC /MD/ removed 7,103,801 shares (-69.3%) from their portfolio in Q4 2025, for an estimated $559,850,556
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 3,570,624 shares (-73.1%) from their portfolio in Q4 2025, for an estimated $281,400,877
BANK OF NEW YORK MELLON CORP added 2,478,144 shares (+18.8%) to their portfolio in Q1 2026, for an estimated $186,728,150
ALLIANCEBERNSTEIN L.P. removed 2,319,749 shares (-95.1%) from their portfolio in Q4 2025, for an estimated $182,819,418
SOUTHPOINT CAPITAL ADVISORS LP added 2,000,000 shares (+inf%) to their portfolio in Q4 2025, for an estimated $157,620,000
CAPITAL RESEARCH GLOBAL INVESTORS removed 1,737,317 shares (-86.2%) from their portfolio in Q4 2025, for an estimated $136,917,952
DEUTSCHE BANK AG\ added 1,510,223 shares (+40.7%) to their portfolio in Q4 2025, for an estimated $119,020,674

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

Alcon Inc. Congressional Stock Trading

Members of Congress have traded $ALC stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $ALC stock by members of Congress over the last 6 months:

REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 03/12.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

Alcon Inc. Analyst Ratings

Wall Street analysts have issued reports on $ALC in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 11/24/2025
Baird issued a "Outperform" rating on 11/13/2025
Needham issued a "Buy" rating on 11/12/2025

To track analyst ratings and price targets for Alcon Inc., check out Quiver Quantitative's $ALC forecast page.

Alcon Inc. Price Targets

Multiple analysts have issued price targets for $ALC recently. We have seen 8 analysts offer price targets for $ALC in the last 6 months, with a median target of $94.5.

Here are some recent targets:

Ryan Zimmerman from BTIG set a target price of $92.0 on 03/23/2026
Thomas Stephan from Stifel set a target price of $82.0 on 03/09/2026
David Saxon from Needham set a target price of $100.0 on 02/26/2026
Matt Miksic from Barclays set a target price of $90.0 on 02/26/2026
Larry Biegelsen from Wells Fargo set a target price of $97.0 on 02/26/2026
Julien Ouaddour from B of A Securities set a target price of $75.0 on 12/11/2025
Jeff Johnson from Baird set a target price of $98.0 on 11/13/2025