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Medpace Holdings raises 2026 revenue forecast after strong Q2 growth and improved backlog metrics

Company Fundamentals
23 Jul 2026
Seeking Alpha
View Source
Bullish
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Medpace Holdings reported a 17.2% year-over-year revenue increase to $707.3 million in Q2 2026, driven mainly by small biopharma clients and growth in Metabolic and Oncology sectors. The company’s net book-to-bill ratio improved to 1.13x and backlog conversion rose to 24.1%, indicating strong future revenue visibility. Earnings per share of $4.25 surpassed expectations, prompting an upward revision of full-year 2026 revenue guidance to $2.805 billion–$2.885 billion. This marks an important growth inflection point for Medpace, maintaining its 'Buy' rating from analysts.

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