Goldman Sachs
February 16, 2026
Australian Clinical Labs First Take Soft Result
Single Stock ReportEquitiesHealth Care
Australian Clinical Labs (ACL) delivered a weak 1H26 result with revenue missing estimates and a subsequent downgrade to FY26 guidance.
Key Takeaways
- 1.ACL reported a soft 1H26 result with total revenue missing estimates by approximately 3-4%.
- 2.The company downgraded its FY26 guidance for revenue and EBIT by roughly 4% and 6% respectively at the mid-point.
- 3.Results include a $1.8m impact from gender undervaluation and exclude $1.4m in historical employee underpayments.
Table of Contents
- Key 1H26 result highlights
- FY26 outlook
- Price Target Risks and Methodology - Australian Clinical Labs
- Investment Thesis - Australian Clinical Labs
- Disclosure Appendix
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Company-specific regulatory disclosures
- Distribution of ratings/investment banking relationships
- Price target and rating history chart(s)
- Regulatory disclosures
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Authors
Davin Thillainathan, CFARoy Taouk
Securities
ACL.AX
Themes
Earnings Miss and Guidance RevisionLabor Costs and Regulatory Headwinds
Regions
Asia PacificAustralia
