Shares of ICON plc fell over 30% in premarket trading on February 12, 2026, after the company disclosed that its Audit Committee is conducting an investigation into certain accounting practices and internal controls, including revenue recognition from 2023 through 2025. ICON stated that it expects to report material weaknesses in internal control over financial reporting, delayed the release of its Q4 and FY25 financial results, and withdrew its previously issued 2025 guidance. Block & Leviton is investigating.
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