RadNet Q3 2026: EPS tops expectations by 35%, guidance raised for third straight quarter
As seen on the 24/7 Wall St. homepage on November 9, 2026.
RadNet raised full-year guidance for the third straight quarter, lifting Imaging Center adjusted EBITDA to $350 million to $363 million. Revenue came in just shy of missing expectations, while the earnings beat and a pending ONRAD deal drawing stronger than expected partner interest carry the story.
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RadNet's adjusted earnings per share of $0.30 for the third quarter of 2026 topped expectations by 35.5%, while revenue came in essentially in line with estimates and grew 22.1% year over year.
The core imaging business drove the performance, with advanced imaging volumes up 19.9% in the aggregate. Management credited capacity expansion at existing centers, new center openings, tuck-in acquisitions, and improved commercial reimbursement.
Record quarterly adjusted EBITDA of $105 million, up 23.8% year over year, translated into a third consecutive guidance increase, with the full-year Imaging Center adjusted EBITDA and free cash flow ranges both lifted.
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The Digital Health segment, which carries the DeepHealth brand, grew revenue 32.6% in the quarter. Management raised the segment's full-year adjusted EBITDA guidance range to $11 million to $13 million, citing effective expense management and faster-than-projected integration of acquired operations.
The pending ONRAD acquisition adds another layer to the investment case, and CEO Howard Berger said inbound interest from existing and potential joint venture partners has exceeded expectations. GAAP net income attributable to RadNet fell to $4.15 million, weighed down by non-cash contingent consideration and equipment disposal charges.
Mentioned: RDNT