Cardinal Health raises growth targets, announcing $1 billion share buyback

Cardinal Health (CAH) projected adjusted earnings growth of 13% to 15% for fiscal 2027.

Executives announced the new target on September 14, 2026, at the Morgan Stanley Global Healthcare Conference. This forecast exceeds the company's previous long-term goal of 12% to 14% growth.

The updated guidance follows a fiscal 2026 where all five operating segments delivered double-digit profit growth. Cardinal Health also intends to repurchase $1 billion of its shares during fiscal 2027.