The raise de-risked FY26 but left the implied F4Q26 EPS path slightly lower
Cencora FY26 guidance and implied F4Q26 EPS, total-segment OI growth and adjusted FCF residuals
Table showing Cencora raised the fiscal 2026 adjusted EPS midpoint by five cents to $17.85. Graver Research estimates the implied fourth-quarter EPS hurdle fell from $4.60 to $4.54, while Q4 still requires about 20.1% total-segment operating-income growth and roughly 61.9% of the annual adjusted free-cash-flow target.
