Health care stocks were leaning lower premarket Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) and iShares Biotechnology ETF (IBB) declining by 0.4%.

Bristol-Myers Squibb (BMY) was up more than 2% after the company reported Q4 non-GAAP earnings and revenue above analysts' consensus, and issued 2026 outlook above expectations.

Cardinal Health (CAH) shares were up more than 2% after the company reported higher fiscal Q2 adjusted earnings and revenue, and raised its 2026 outlook.

Cigna Group (CI) was more than 1% after the company posted higher Q4 adjusted income from operations and adjusted revenue.