Cardinal Health (CAH) Hits New 52-Week High on Earnings, Optimistic Outlook

We recently published 10 Stocks with Outstanding Gains; 9 on Record Highs. Cardinal Health Inc. (NYSE:CAH) is one of the best-performing stocks on Thursday.

Cardinal Health propelled to a new 52-week high on Thursday, as investors snapped up shares after posting an impressive earnings performance and raising its growth outlook for fiscal year 2026.

At intra-day trade, Cardinal Health Inc. (NYSE:CAH) soared to its highest price of $195.15 before paring gains to finish the day just up by 15.43 percent at $189.84 apiece.

In an updated report, Cardinal Health Inc. (NYSE:CAH) said it was able to grow its attributable net income for the first quarter of the fiscal year by 8 percent to $450 million from $416 million in the same period last year, as revenues jumped by 22 percent to $64 billion from $52 billion year-on-year.

“We are pleased with our strong broad-based operational and financial performance to begin fiscal 2026. This outstanding first quarter reflects our focused execution across each of our operating segments and provides a solid foundation as we carry forward. As a result, we are raising our fiscal 2026 outlook,” said Cardinal Health Inc. (NYSE:CAH) CEO Jason Hollar.

For the full-year period, Cardinal Health Inc. (NYSE:CAH) said it now targets non-GAAP attributable diluted earnings per share to grow between 17 and 20 percent to a range of $9.65 to $9.85, or a $0.35 increase from the prior range of $9.30 to $9.50, taking into account the strong first quarter and expected contributions from the acquisition of Solaris Health, which it anticipates to complete in early November.

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Disclosure: None. This article is originally published at Insider Monkey.