Cardinal Health reported fiscal 2027 first-quarter revenue of $67.51 billion, up 4% year over year and above the $66.6 billion consensus per LSEG. Adjusted EPS rose 28% to $3.26, beating the $2.94 consensus, and the company raised its full-year adjusted EPS guidance. The Pharmaceutical and Specialty Solutions segment beat sales and profit expectations on strong demand for generic and specialty drugs, while the Other segment missed on both revenue and operating profit. Global Medical Products and Distribution posted $33 million in operating profit, above expectations but down 28% from a year earlier. The author raised the price target and trimmed 50 shares after the stock's gains, but remains a long-term believer in the company.
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