Alcon Inc. (ALC) reported second-quarter 2026 revenue of $2.8 billion, up 8.7% from a year earlier, showing solid top-line growth. Gross profit rose to $1.7 billion, increasing 20.7% year over year and indicating improved profitability at the product level.
The bottom line was much weaker. Operating profit slipped to $11 million, and net income attributable to common shareholders fell to $0, with diluted earnings per share also at $0. That suggests higher operating pressure during the quarter despite stronger sales.
On the cash flow side, Alcon generated $510 million from operating activities, while capital spending totaled $96 million. The company ended the period with $1.4 billion in cash and cash equivalents, and total liabilities stood at $9.5 billion.
Investors responded positively to the report, with the stock rising 5.94% after the 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 237 institutional investors add shares of Alcon Inc. stock to their portfolio, and 355 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HARDING LOEVNER LP removed 4,788,220 shares (-99.5%) from their portfolio in Q1 2026, for an estimated $360,792,377
- WGI DM, LLC added 3,463,123 shares (+inf%) to their portfolio in Q2 2026, for an estimated $232,375,553
- PRICE T ROWE ASSOCIATES INC /MD/ removed 3,151,749 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $237,484,287
- BANK OF NEW YORK MELLON CORP removed 2,611,700 shares (-16.7%) from their portfolio in Q2 2026, for an estimated $175,245,070
- CANTILLON CAPITAL MANAGEMENT LLC removed 2,507,095 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $168,226,074
- BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. added 1,674,141 shares (+334.2%) to their portfolio in Q1 2026, for an estimated $126,146,524
- FMR LLC added 1,668,163 shares (+15.5%) to their portfolio in Q1 2026, for an estimated $125,696,082
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 13F endpoint.
Alcon Inc. Congressional Stock Trading
Members of Congress have traded $ALC stock 2 times in the past 6 months. Of those trades, 1 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:
- SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/30.
- 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 Congress trades endpoint.
Alcon Inc. Analyst Ratings
Wall Street analysts have issued reports on $ALC in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Needham issued a "Buy" rating on 05/06/2026
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 7 analysts offer price targets for $ALC in the last 6 months, with a median target of $85.0.
Here are some recent targets:
- Matt Miksic from Barclays set a target price of $78.0 on 05/08/2026
- Anthony Petrone from Mizuho set a target price of $85.0 on 05/07/2026
- Jeff Johnson from Baird set a target price of $90.0 on 05/07/2026
- Larry Biegelsen from Wells Fargo set a target price of $86.0 on 05/07/2026
- David Saxon from Needham set a target price of $100.0 on 05/06/2026
- Ryan Zimmerman from BTIG set a target price of $82.0 on 05/06/2026
- Thomas Stephan from Stifel set a target price of $82.0 on 03/09/2026
