Alcon stock analysis
Alcon (0A0D) Share Price & Analysis
0A0D Stock Chart & Stats
- Day’s Range
- CHF 56.29 - CHF 60.18
- 52-Week Range
- CHF 48.08 - CHF 79.39
- Previous Close
- CHF 61.66
- Volume
- N/A
- Average Volume (3M)
- 222.01K
- Market Cap
- CHF 30.92B
- Enterprise Value
- CHF 29.78B
- Total Cash (Recent Filing)
- CHF 1.46B
- Total Debt (Recent Filing)
- CHF 5.31B
- Price to Earnings (P/E)
- 55.7
- Beta
- 1.04
- Next Earnings
- Mar 02, 2027 (Est.)
- EPS Estimate
- 0.76
- Last Dividend Ex-Date
- May 05, 2026
- Dividend Yield
- 0.47%
Bulls Say, Bears Say
Bulls Say
Recurring, Diversified Eye-care Model
Alcon's two-segment model combines procedure-linked surgical consumables with contact lenses and ocular-health products. Its surgical equipment installed base can generate repeat consumables, service, and upgrade demand, while lens replacement cycles add recurring purchasing and revenue resilience.
Broad Innovation And Product Pipeline
A broad launch and innovation pipeline can extend growth beyond existing products. Management cites Vivity Pro, TruPlus, PanOptix Pro, Tryptyr, BRYTLY, UNITY, Valeda and Neurotech, with above-market sales growth expected in 2027, supporting portfolio renewal.
Strong Cash Generation And Conservative Leverage
Alcon's financial capacity is supported by low-to-moderate leverage and substantial cash generation. Free cash flow reached $1.81 billion in 2025 and $1.71 billion TTM, while more than $1.3 billion was generated in the first nine months, enabling investment and capital returns.
Bears Say
Recent Profitability And Return Deterioration
Recent earnings quality has weakened despite steady sales and a healthy gross-margin base. TTM net margin fell to about 5.9% from roughly 9%–10% in 2024–2025, operating profitability also declined, and ROE fell to about 2.9%, reducing current earnings efficiency.
Premium IOL Competitive Pressure
Competitive intensity is pressuring Alcon's premium implantable franchise. Implantable sales declined 2% and U.S. premium IOL share fell, with management expecting competitive activity through early next year; sustained share pressure could limit pricing and growth in a strategic category.
Structural Cataract-market Constraints
Demand conditions are constrained in important procedure markets. Cataract growth remains below historical levels because of U.S. capacity constraints and international reimbursement and hospital economics, limiting procedure-volume growth that supports surgical consumables and equipment utilization.
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Alcon Stock Smart Score
Company Description
Alcon
Alcon Inc. is a global eye care enterprise dedicated to the research, development, manufacturing, and distribution of a comprehensive range of vision products for both eye care professionals and their patients worldwide. The company operates through two primary divisions. Its Surgical segment equips ophthalmic surgeons with advanced solutions for various procedures. This includes specialized equipment, diagnostic instrumentation, and implantable devices such as intraocular lenses (IOLs), alongside a full suite of consumables like viscoelastic substances, surgical solutions, and customized procedure kits. For cataract interventions, key offerings feature the Centurion Vision System, LenSx femtosecond laser, LuxOR surgical ophthalmic microscope, NGENUITY 3D visualization system, and ORA System for intra-operative measurements. Vitreoretinal surgeons benefit from systems like Constellation Vision, procedure packs, lasers, and a variety of specialized micro-instruments, including grieshaber and MIVS tools, scissors, forceps, medical-grade vitreous tamponades, and Hypervit vitrectomy probes. Refractive surgery innovations include WaveLight lasers and Contoura Vision for LASIK treatments, and the segment also provides the EX-PRESS glaucoma filtration device. Its IOL portfolio, prominently featuring AcrySof IQ, includes advanced technology lenses like PanOptix and ReSTOR, designed to correct presbyopia and astigmatism during cataract removal. The Vision Care segment addresses everyday eye health needs. It offers a diverse selection of contact lenses, including daily disposables, reusable options, and color-enhancing varieties. This segment also provides ocular health products for conditions such as dry eye, glaucoma, and allergies, in addition to contact lens care solutions, ocular vitamins, and redness-relieving drops. Prominent brands within this segment include TOTAL, PRECISION, DAILIES AquaComfort PLUS, Air Optix, Opti-Free, Clear Care, Tears Naturale, Genteal, ICAPS, and Vitalux. Founded in 1945, the company was initially known as Alcon Universal S.A. before rebranding as Alcon Inc. in December 2001. Its headquarters are located in Geneva, Switzerland.
- Sector
- Healthcare
- Industry
- Medical - Specialties
- CEO
- David J. Endicott
- Employees
- 25,942
- Website
- www.alcon.com
- Address
- Chemin de Blandonnet 8, Geneva, GE, 1214, CH
Alcon (0A0D) Earnings & Revenues
0A0D Company Deck
0A0D Earnings Call
Earnings Call SentimentPositive
The call was broadly positive. Alcon delivered 5% quarterly sales growth, 6% year-to-date growth, 15% core EPS growth, strong free cash flow and meaningful capital returns, while reporting momentum in equipment, contact lenses, ocular health and new product launches. The company also highlighted a broad innovation pipeline, the Neurotech acquisition and continued efficiency initiatives. The main negatives were competitive pressure in U.S. premium IOLs, softer international contact lens conditions, eye care markets at the low end of expectations, narrowed 2026 profitability guidance and several identified 2027 headwinds.
View all GB:0A0D earnings summaries0A0D Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 6 | 2 |
| Technical Analysis | 3 | 6 | 1 |
| Moving Averages | 11 | 0 | 1 |











