The company reported $3.5 billion in third-quarter sales, driven by an 8.6% increase in US dental merchandise sales, and raised its 2026 earnings guidance.
Henry Schein Inc reported $3.5 billion in sales for the third quarter of 2026, representing a 4.0% total growth compared to the prior year. The company also reported 3.1% internal growth in local currencies.
Dental Sales Performance
The company experienced an 8.6% growth in US dental merchandise sales, which it attributed primarily to volume from market share gains. Globally, dental distribution merchandise sales increased by 7.0% in total, while global dental distribution equipment sales rose by 2.3% compared to the third quarter of 2025.
“We delivered another strong quarter that increases our confidence in the momentum we are building at Henry Schein. I am very pleased with the US dental merchandise sales growth of 8.6% driven primarily by volume in a stable market and our 19% adjusted earnings per share growth,” says Fred Lowery, CEO of Henry Schein, in a release.
Financial Results and Share Repurchases
For the quarter, GAAP net income was $119 million, with GAAP diluted earnings per share at $1.06, a 26.2% increase from the previous year. Non-GAAP net income was $175 million, or $1.56 per diluted share, representing a 13.0% increase compared with the third quarter of 2025.
During the third quarter, Henry Schein repurchased approximately 1.4 million shares of common stock at an average price of $86.67 per share, totaling $125 million. At the end of the quarter, the company had approximately $330 million authorized and available for future stock repurchases.
Updated 2026 Guidance
Following the quarterly results, Henry Schein raised its financial guidance for 2026. The company updated its 2026 non-GAAP diluted EPS guidance to a range of $5.50 to $5.56. This updated guidance reflects improved underlying business performance, net tariff refund benefits recognized in the third quarter, and targeted growth investments.
“Our strategy is translating into stronger financial results. We are gaining share in key businesses, improving our portfolio mix, maintaining a disciplined approach to capital allocation, and realizing the benefits of our value creation initiatives,” says Lowery, chief executive officer, in a release.
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