McKesson Corporation (MCK)

Hold Recap: Q1 FY27

The Profit Case Strengthens, but the Valuation Recovery Has Arrived

Outperform Recap: Q4 FY26

The Revenue Miss Has Not Broken Earnings; the Lower Multiple Now Pays for the Risks

Underperform Recap: Q3 FY26

Specialty Delivers, but a 16.5% Rally Prices Away the Progress

Hold Recap: Q2 FY26

The Distribution Margin Turned, the Raise Was Operational, and the Multiple Already Paid for Both

Hold Recap: Q1 FY26

A Record Top Line, an In-Line Profit, and a Guidance Raise That Is All Accounting