Israel's InMode Q3 revenue slightly beats estimates on Asia growth
Overview
Israel medical device maker's Q3 revenue was nearly flat yr/yr, slightly beating analyst expectations
Q3 adjusted EPS met analyst expectations
Consumables and service revenue fell 3% yr/yr; margins narrowed on higher expenses
Outlook
InMode reaffirms 2026 revenue guidance of $365 mln to $375 mln
Company expects 2026 non-GAAP EPS between $1.29 and $1.34
InMode anticipates 2026 non-GAAP gross margin of 74% to 76%
Result Drivers
ASIA GROWTH - Co said revenues in Asia reached a quarterly record due to sustained demand across key markets
HIGHER EXPENSES - Co attributed lower operating margins to restructuring of North American sales team, increased sales and marketing investments, and higher professional services costs
TARIFF REFUND - Gross margin benefited from a non-recurring U.S. tariff refund, which increased gross margin by about one percentage point
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Beat* | $92.14 mln | $91.60 mln (5 Analysts) |
Q3 EPS | Meet | $0.32 | $0.32 (5 Analysts) |
Q3 Net Income | $18.86 mln | ||
Q3 Gross Margin | 78.00% | ||
Q3 Income from Operations | Beat | $17.51 mln | $17.02 mln (5 Analysts) |
Q3 Pretax Profit | Beat | $22.22 mln | $21.47 mln (3 Analysts) |
Q3 Operating Expenses | $54.29 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Reuters Recommended Reads
Nov 10 - Switzerland's Alcon Q3 sales slightly miss estimates despite surgical equipment launches, vision care growth
Nov 10 - LENSAR Q3 revenue slightly misses estimates on slower surgical scheduling
Nov 10 - Surgical robotics firm Stereotaxis' Q3 revenue rises, but misses estimates
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)