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LivaNova Q3 revenue beats estimates on cardiopulmonary segment strength 

By Reuters News


Overview

  • UK medical device maker's Q3 revenue rose 9.9%, beating analyst expectations

  • Adjusted EPS for Q3 beat consensus, rising to $1.23

  • Company raised full-year 2026 revenue and adjusted EPS guidance


Outlook

  • LivaNova raises full-year 2026 revenue growth guidance to 9%-10% constant-currency, from 8%-9%

  • Company now expects full-year 2026 adjusted diluted EPS of $4.40-$4.50, up from $4.30-$4.40

  • Company maintains full-year 2026 adjusted free cash flow guidance at $140 mln to $160 mln


Result Drivers

  • CARDIOPULMONARY DEMAND - Co said Cardiopulmonary segment revenue rose 10.9%, driven by strong consumables demand and Essenz Perfusion System sales, as well as favorable realized price

  • NEUROMODULATION GROWTH - Neuromodulation segment revenue rose 11.1%, with growth across all regions, driven by higher volume and favorable realized price

  • OXYGENATOR CAPACITY EXPANSION - Co achieved operational production on new oxygenator manufacturing line to address strong customer demand


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$393.10 mln

$381.07 mln (9 Analysts)

Q3 Adjusted EPS

Beat

$1.23

$1.06 (9 Analysts)

Q3 EPS

$0.11


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

  • Wall Street's median 12-month price target for LivaNova PLC is $91.50, about 14.5% above its November 3 closing price of $79.90

  • The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago


Reuters Recommended Reads

  • Nov 4 - UK's Smith & Nephew misses Q3 revenue estimates, cuts outlook on slower US orthopaedics market

  • Nov 4 - Smith+Nephew cuts outlook after failed orthopaedics deal talks with J&J

  • Nov 2 - Denmark medical devices maker Coloplast's Q4 revenue rises


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.)

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