IQVIA Reports Q2 Revenue Beat, Narrows 2025 Guidance to $16.1B-$16.3B

IQVIA Holdings reported strong second-quarter 2025 results, with adjusted earnings of $2.81 per share and revenues of $4.02 billion, both surpassing analyst expectations. The company tightened its 2025 revenue guidance to a range of $16.1 billion to $16.3 billion and forecast adjusted earnings between $11.75 and $12.05 per share. Despite a year-to-date stock decline and a 2.05% five-year total return drop, shares rallied over 8% in premarket trading following the positive earnings news. IQVIA's research and development backlog reached a record $32.1 billion, with $8.1 billion expected to be recognized as revenue within a year. Ongoing share buybacks and strategic partnerships, such as with NVIDIA, are aimed at boosting margins and shareholder value amid industry-wide challenges. However, long-term growth remains uncertain as the company continues to underperform broader market indices and its own sector.