Alcon Inc. (ALC) Stock Falls on Q4 2025 Earnings

Alcon Inc. (ALC) reported fourth-quarter 2025 results with total revenue of $2.72 billion, up 8.6% year‑over‑year.

Gross profit of $1.52 billion (+1105.3% YoY).

Operating profit of $313 million (+946.2% YoY).

Net income attributable to common shareholders of $217 million (down 835.4% YoY).

Diluted earnings per share of $0.44 (down 66.4% YoY).

Cost of sales of $1.20 billion (+7.6% YoY).

Cash flow and balance sheet highlights:

Cash from operating activities: $658 million (+43.4% YoY).

Purchases of property, plant and equipment: $169 million (up 11.9% YoY).

Cash and cash equivalents: $1.61 billion (down 12.1% YoY).

Total liabilities: $9.52 billion (+8.3% YoY).

Market reaction: shares were down 2.53% since market close.

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 284 institutional investors add shares of Alcon Inc. stock to their portfolio, and 377 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
BANK OF NEW YORK MELLON CORP added 4,384,471 shares (+49.8%) to their portfolio in Q4 2025, for an estimated $345,540,159
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
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
GOLDMAN SACHS GROUP INC added 1,718,692 shares (+56.4%) to their portfolio in Q4 2025, for an estimated $135,450,116

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Alcon Inc. Analyst Ratings

Wall Street analysts have issued reports on $ALC in the last several months. We have seen 5 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
Keybanc issued a "Overweight" rating on 10/21/2025
Stifel issued a "Buy" rating on 09/29/2025

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 $91.0.

Here are some recent targets:

Thomas Stephan from Stifel set a target price of $80.0 on 01/09/2026
Julien Ouaddour from B of A Securities set a target price of $75.0 on 12/11/2025
Ryan Zimmerman from BTIG set a target price of $91.0 on 11/24/2025
Jeff Johnson from Baird set a target price of $98.0 on 11/13/2025
David Saxon from Needham set a target price of $98.0 on 11/12/2025
Anthony Petrone from Mizuho set a target price of $100.0 on 11/11/2025
Brett Fishbin from Keybanc set a target price of $91.0 on 10/21/2025