Quarterly ResultApr 30, 2026, 04:25 PM
MMSI Q1 Revenue $381.9M (+7%); GAAP EPS $0.68 (+39%); Updates Guidance
AI Summary
Merit Medical Systems, Inc. reported strong first-quarter 2026 financial results, with revenue increasing 7% to $381.9 million and GAAP EPS rising 39% to $0.68. The company also announced the divestment of its DualCap® product line for $28 million and the acquisition of View Point Medical for $140 million. Following these developments, MMSI updated its full-year 2026 revenue guidance to $1.612 - $1.634 billion, while maintaining its non-GAAP EPS guidance.
Key Highlights
- Acquired View Point Medical for $140 million ($90 million cash) on April 1, 2026.
- Sold DualCap® product line for $28 million ($25.5 million cash) on February 17, 2026.
- Reported Q1 2026 revenue of $381.9 million, up 7% year-over-year.
- Achieved Q1 2026 GAAP diluted EPS of $0.68, a 39% increase year-over-year.
- Generated Q1 2026 non-GAAP operating margin of 19.7%, up from 19.3%.
- Delivered Q1 2026 free cash flow of $24.7 million, up 26% year-over-year.
- Updated full-year 2026 revenue guidance to $1.612 - $1.634 billion (6%-8% Y/Y).
- Maintained full-year 2026 non-GAAP EPS guidance at $4.01 - $4.15 (5%-8% Y/Y).