Medline's second quarter revenue grew 11.6% to $7.7B, but FY26 profit guidance was lowered on rising costs.

Medline reported second quarter revenue of $7.7 billion, up 11.6% year-over-year, and Adjusted EPS of $0.50, beating consensus estimates of $7.51 billion and $0.32, respectively. The results were aided by a one-time tariff refund, while a distribution center fire significantly impacted GAAP net income.

Key Highlights

• GAAP net income decreased 58.3% to $139 million, primarily due to a $336 million loss from a fire at the company's Tracy, California distribution center.
• Adjusted EBITDA increased 13.4% to $1.06 billion, a figure that was boosted by a one-time net tariff refund benefit of $243 million.
• Medline raised its full-year 2026 organic sales growth guidance to a range of 9.0% to 10.0% but lowered its Adjusted EBITDA outlook to $3.3-$3.4 billion, citing inflationary pressures and higher operational costs.