IQVIA Holdings Inc: Takeaways from our fireside chat with IQV at 2026 BofA Healthcare Conference

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IQVIA Holdings Inc: Takeaways from our fireside chat with IQV at 2026 BofA Healthcare Conference

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IQVIA Holdings Inc

Takeaways from our fireside chat with IQV

at 2026 BofA Healthcare Conference

Maintain Rating: BUY | PO: 245.00 USD | Price: 172.38 USD

Fireside chat with CFO 13 May 2026

We hosted IQVIA’s (IQV) Mike Fedock (CFO) for a fireside chat. Much of the conversation Equity

was centered on 1Q performance, R&DS demand/bookings, AI adoption across clinical

Michael Ryskin

and commercial workflows, margin dynamics, and capital deployment. Mgmt. reiterated Research Analyst

confidence in the FY outlook, emphasizing strong 1Q execution, healthy demand metrics, BofAS +1 646 855 4373

and AI as a tailwind rather than a risk. We came away constructive and maintain our Buy michael.ryskin@bofa.com

rating. Avantika Dhabaria

Research Analyst

1Q beat supports confidence; B2B noise largely PT driven BofAS+1 646 743 0170

Mgmt. was pleased with 1Q, with revenue and EPS above the high end of expectations avantika.dhabaria@bofa.com

and organic growth accelerating in both Commercial Solutions and R&DS. R&DS Alexa Chan Research Analyst

delivered ~$2.5bn of net bookings with double-digit yoy growth, while the 1.04x B2B BofAS

was impacted by lower pass-through bookings, which management characterized as an +1alexa.chan@bofa.com646 855 5636

idiosyncratic mix issue rather than a change in client strategy, therapeutics or AI-related

demand.

Demand constructive; EBP funding not fully reflected Stock Data

Mgmt. highlighted strong EBP funding trends, with 1Q funding nearly doubling yoy and Price 172.38 USD

April funding up ~400% yoy. That said, mgmt. believes its recent EBP success is more Price Objective 245.00 USD