Earnings


  • Professional photo of Kevin Sayer
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    Permission granted by Dexcom
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    Dexcom shares plunge on lower sales outlook

     “I’m just kind of in shock,” an analyst said on the earnings call, asking for more detail on the forecast cut.

    By July 26, 2024
  • An inage of Edwards Lifesciences' Irvine, California, campus at dusk.
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    Courtesy of Edwards Lifesciences
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    Edwards spends $1.2B on 2 heart device firms, extending deal streak

    Alongside the acquisitions, Edwards reported a slowdown in its core TAVR business in the second quarter that sent its shares tumbling.

    By July 25, 2024
  • Photo of Michael F. Mahoney, CEO of Boston Scientific.
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    Courtesy of Boston Scientific
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    Boston Scientific tips strong growth for Farapulse after successful launch

    Questions on Boston Scientific’s pulsed field ablation system once again dominated the company’s earnings call.

    By July 24, 2024
  • A picture of the surgeon's console for Intuitive Surgical's da Vinci 5 surgical robot.
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    Courtesy of Intuitive Surgical
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    Intuitive’s da Vinci 5 robot launch ‘well ahead’ of Wall Street expectations

    Early customer feedback on the new robot suggests features such as improved ergonomics and vision technology are helping drive adoption, executives said.

    By July 19, 2024
  • An image of the Abbott Volt pulsed field ablation catheter.
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    Permission granted by Abbott
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    Abbott previews PFA, over-the-counter CGM markets

    Electrophysiology sales held up against rivals’ launches of pulsed field ablation systems. Meanwhile, Abbott is gauging sales of its first OTC CGMs. 

    By July 18, 2024
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    Mario Tama via Getty Images
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    J&J medtech fails to meet growth expectations

    CFO Joe Wolk told investors Wednesday that Johnson & Johnson’s medical device business missed the company’s 5%-7% growth forecast in the second quarter.

    By July 17, 2024
  • Nick Jonas, Dexcom
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    Courtesy of Dexcom, Nick Jonas Super Bowl kit
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    Dexcom to lay off 535 employees in California

    A company spokesperson said Dexcom is centralizing its U.S. manufacturing operations in Arizona and repurposing its San Diego facility.

    By June 27, 2024
  • Intuitive Surgical's da Vinci 5 robotic system.
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    Courtesy of Intuitive Surgical
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    New products take center stage in medtech’s latest earnings season

    From pulsed field ablation devices to Intuitive's latest da Vinci robot, product launches dominated recent earnings calls.

    By May 28, 2024
  • An image of Medtronics PulseSelect pulsed field ablation system
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    Courtesy of Medtronic
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    Medtronic touts demand for PFA, adding to hype for the new ablation tech

    CEO Geoff Martha told investors there has already been “strong adoption” of PFA devices and the category will be a big part of Medtronic's revenue growth in fiscal year 2025.

    By May 23, 2024
  • A building in front of a pond with the sign "Medtronic" on a stone wall.
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    Courtesy of Medtronic
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    Medtronic heads into earnings having seen rivals prosper

    J.P. Morgan and RBC analysts are expecting updates on several key markets on Medtronic's Q4 call, including surgical robotics and pulsed field ablation.

    By May 21, 2024
  • An operating room has a table surrounded by screens and several overhead lights, and a surgical robot that says "Mako"
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    Permission granted by Stryker
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    Surgical robots are ‘gift that will keep on giving,’ ortho firms say

    Stryker, Zimmer and Globus reported double-digit sales growth in their robot segments and outlined plans for new products. 

    By May 9, 2024
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    Patrik Stollarz / Staff via Getty Images
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    Philips agrees to $1.1B settlement of US respiratory recall lawsuits

    CEO Roy Jakobs said on a first-quarter earnings call that “for the U.S., this is as final as it can get.”

    By April 29, 2024
  • A corporate building for Edwards Lifesciences.
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    Courtesy of Edwards Lifesciences
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    Edwards gets Q1 boost as Pascal valve repair sales ramp up

    New mitral and tricuspid valve treatments are attracting strong demand, but analysts said transcatheter aortic valve replacement sales were shy of expectations.

    By April 26, 2024
  • Photo of Michael F. Mahoney, CEO of Boston Scientific.
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    Courtesy of Boston Scientific
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    Boston Scientific gives first look at Farapulse US rollout

    CEO Mike Mahoney would not provide specific sales numbers for the device, but hyped the pulsed field ablation system as the “most transformational product” he’s seen in his time with the company.

    By April 24, 2024
  • A picture of the lobby of Boston Scientific's corporate China reception.
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    Courtesy of Boston Scientific
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    Boston Scientific, Dexcom and Edwards next as earnings season rolls on

    J.P. Morgan analysts expect this week’s results to be “very good” following reports from J&J, Abbott and Intuitive Surgical.

    By April 23, 2024
  • Intuitive Surgical's da Vinci 5 robotic system.
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    Courtesy of Intuitive Surgical
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    Intuitive’s rollout of new da Vinci 5 robot steals Q1 spotlight

    While Intuitive has already placed eight new surgical robots, executives cautioned system placements could be choppy in the coming months.

    By April 19, 2024
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    Courtesy of Abbott Laboratories

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    Abbott looks to ‘highly productive’ device pipeline for future growth

    CEO Robert Ford highlighted new and upcoming products throughout the earnings call, calling the recently approved Triclip valve a “billion-dollar opportunity."

    By April 17, 2024
  • Johnson & Johnson's new logo is seen on an office lobby wall.
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    Courtesy of Johnson & Johnson
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    ‘We think in decades’: J&J’s $30B spending spree may not be over

    After Johnson & Johnson has doled out more than $30 billion for Abiomed, Laminar and Shockwave Medical, are more medtech deals on the way?

    By April 16, 2024
  • Vicarious Surgical plans to seek de novo clearance for its surgical robot.
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    Permission granted by Vicarious Surgical
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    Vicarious presses forward with soft tissue robot despite struggles

    The company detailed upcoming milestones for its robotic surgery system on a fourth-quarter earnings call.

    By March 6, 2024
  • A building in front of a pond with the sign "Medtronic" on a stone wall.
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    Courtesy of Medtronic
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    Medtronic estimates up to 40 job losses in Ireland due to restructuring

    The company confirmed the potential job reductions from shutting down its ventilator product lines in an email to MedTech Dive.

    By March 5, 2024
  • A brick building with a sign that says "Henry Schein Inc."
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    Bruce Bennett via Getty Images
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    Henry Schein expects cyber incident costs to continue in 2024

    The company reported a $350 million to $400 million reduction in Q4 sales due to the incident, which forced it to take some systems offline. 

    By Feb. 27, 2024
  • A surgeon holds a piece of surgical mesh for hernia and abdominal wall surgery.
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    Courtesy of Integra
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    Integra Lifesciences to cut about 60 jobs as it closes Indiana site

    Manufacturing will be transferred to a plant in Maryland as part of a strategy to bolster operational efficiency, a company spokesperson said.

    By Feb. 27, 2024
  • Thaysen is pictured in a suit and tie.
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    Permission granted by Illumina
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    Illumina cut 12% of global staff over past year: CEO

    The genomics company, which initiated a fresh round of layoffs last month, expects to finalize its Grail divestiture by the end of June, Jacob Thaysen said Thursday.

    By Feb. 9, 2024
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    Permission granted by Zimmer Biomet
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    Zimmer Biomet to cut about 540 jobs

    A spokesperson told MedTech Dive that the company will lay off about 3% of its workforce as part of a restructuring. 

    By Updated Feb. 8, 2024
  • A circular device with a metal mesh around it.
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    Courtesy of Edwards Lifesciences
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    How Edwards’ Evoque valve won an early nod from the FDA

    The heart valve specialist has the chance to shape a new tricuspid market with the first-of-its-kind device, like it did 20 years ago in TAVR, CEO Bernard Zovighian said.

    By Feb. 7, 2024