Why it may matterVerify against the original reporting
Strong FCF and continued buybacks support per-share value; stable volumes reduce downside risk absent policy shocks. One-time impairment in China is non-cash and isolated; 2026 guidance provides a clear framework for investors.
AI summary
What happened, with direct paths to the underlying reporting
DaVita reported Q3 2026 results with revenue of $3.58B and adjusted EPS of $3.82, supported by strong operating cash flow of $519M and free cash flow of $276M. The firm executed 0.6M share repurchases at $186.21 and added 0.5M post-quarter, signaling continued capital allocation discipline. While US dialysis volumes were largely flat, a $62M China impairment reduced net income by about $27M after tax, but guidance remains intact for 2026 adj operating income and free cash flow targets.
US dialysis treatments 7,329,644 in Q3; daily 92,780; 0.1% q/q rise.
China impairment charge $62M; net income impact $27M after tax/credits.
Outlook: adj operating income guidance $2.15B-$2.25B; free cash flow $1.0B-$1.25B.
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